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Popular Articles
Mumbai Angels, Erasmic Invest In Online Tax Filing/Payroll Firm
Online Tax Filer Taxshax Gets BCCL Support
Helion Ventures Invests $4 Million In HummingBird Suites
Rajan Anandan New MD, Microsoft India; Jaspreet Bindra To Head Entertainment Div
US Legal Publisher LexisNexis Acquires Wadhwa Nagpur
Dhoots Mesh Into IOL Netcom; Buyout On Cards?
MIH India To Get $7.5 Million From Nasper’s China Unit Tencent
Online Ad Network Ozone Media Lands Funding From IDG Ventures India
South Korea’s Mirae Asset Plans Private Equity, Investment Banking In India
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Seventymm Raises $12 Million In Third Round From NEA Indo US Ventures
VCCircle (Aug 21 2008) Acquisition Explore Article
Bangalore-based online DVD rental company Seventymm Services Pvt Ltd has received $12.5 million (Rs 50 crore) from NEA Indo US Ventures. This will be the third round of funding for Seventymm, which now has a total capital of around $22 million. While DFJ with ePlanet Ventures had invested $2 million in 2005, the rest was [...] (Read Full Article)
Comment on Article Mentions: Showtime SeventyMM Matrix Partners
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Lifeblob Raises Funding From Seedfund; To Launch Mobile, Facebook Applications
VCCircle (Aug 19 2008) Explore Article
Banglore-based Lifeblob, a blogging, picture and video sharing engine where all your posts are arranged as a timeline, has received seed capital financing from Seedfund. Lifeblob links the diary entry that you make with the entry of other people mentioned or involved in the event recorded. So your diary entry becomes a part of other [...] (Read Full Article)
Comment on Article Mentions: Rahul Khanna VC Circle Pranav Bhasin
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Online Photo Printing Co Picsquare Raises Funding; To Have An Offline Presence
VCCircle (Aug 19 2008) Funding Explore Article
Bangalore-based online photo printing company Picsquare is going offline. The company has received undisclosed investment from city-based Bhola Digital Lab, an offline photo printing company. Picsquare is a customer of Bhola Digital Labs, which has been using its printing services. With the present investment, it will have both online and offline presence. Picsquare had secured [...] (Read Full Article)
Comment on Article Mentions: Sequoia Capital Picsquare Kleiner Perkins Caufield Byers
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UTV Software Acquires US-Based Online Gaming Startup True Games
VCCircle (Aug 18 2008) Gaming , Acquisition Explore Article
UTV Software Communications Ltd., the media and entertainment company, has picked up an 80 per cent stake in California-based gaming company True Games Interactive. The acquisition has been done through its UK-based subsidiary IG Intercative Entertainment, said the company informing the BSE today. True Games is an multi-player online game publisher involved in developing, licencing, [...] (Read Full Article)
Comment on Article Mentions: Indiagames Ltd.
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KKR Eyes Indian Infrastructure Sector; Current Equity Value $463M
VCCircle (Aug 16 2008) Acquisition Explore Article
Global buyout fund Kohlberg Kravis Roberts & Co (KKR), which recently decided to list on the NYSE, has said it is considering investing in infrastructure sector in India and China. The leveraged-buyout firm run by Henry Kravis and George Roberts said in an SEC filing that as a part of its growth initiative, it [...] (Read Full Article)
Comment on Article Mentions: ICICI Bank Credit Suisse Securities and Exchange Commission
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Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
VCCircle (Aug 12 2008) Acquisition Explore Article
IPGA Ltd., which develops and operates real-estate portals across Asia, has picked up a controlling stake in Horizon Infoventures Private Ltd., owner of Indian property portal RealAcres.com. The acquisition has been routed through IPGA Ltd’s wholly-owned subsidiary, iProperty Group Asia Pte Ltd. IPGA plans to bring its print, exhibition and online luxury products to Indian [...] (Read Full Article)
Comment on Article Mentions: Times of India Group MagicBricks Horizon Infoventures
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Helion Ventures Invests $4 Million In HummingBird Suites
VCCircle (Aug 12 2008) Acquisition , Funding Explore Article
HummingBird Suites Pvt Ltd, Bangalore-based service apartment operator has received venture funding of $4 million from Helion Ventures Partners. This is the first round of funding for HummingBird. The company, which has a presence in five cities across the country, will use this round of funding for further expansion and scaling up of its operations. [...] (Read Full Article)
Comment on Article Mentions: Cisco Helion Venture Partners UnitedLex
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Deutsche Telekom Invests $75 Million In Devas Multimedia
VCCircle (Aug 11 2008) Mobile , Acquisition Explore Article
Banglore-based start-up Devas Multimedia Pvt Ltd, a satellite-based multimedia services company, will receive funding of $75 million (Rs 317 crore) from Europe’s largest telecom firm, Deutsche Telekom. The German telco is picking up a 17 per cent stake for $75 million through its Asian arm, which values the company at $443 million, according to a [...] (Read Full Article)
Comment on Article Mentions: Economic Times Kishore Biyani Deutsche Telekom
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Rajan Anandan New MD, Microsoft India; Jaspreet Bindra To Head Entertainment Div
VCCircle (Aug 9 2008) Explore Article
For Dell Computers chief in India, Rajan Anandan, has been appointed as the Managing Director of Sales Marketing and Services business of Microsoft India Pvt Ltd. He will report directly to Ravi Venkatesan, Chairman of Microsoft India. Anandan was previously the Vice President and Country General Manager for Dell India. Anandan has been appointed to [...] (Read Full Article)
Comment on Article Mentions: Microsoft McKinsey HP India
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Mumbai Angels Invests $500K In Mobile TV Company
VCCircle (Aug 6 2008) Explore Article
Exclusive: Hyderabad based mobile TV company, Apalya Technologies Pvt. Ltd, has received $500,000 (Rs 2 crore) investment from Mumbai Angels, a network of angel investors. Apalya aggregates premium entertainment content from many different content providers, and then optimises the content to be suitable for small screen or mobile viewing. The firm was founded in December [...] (Read Full Article)
Comment on Article Mentions: Canvera Cartoon Network Vodafone
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Friendster Hires Google South Asia Head As CEO; Gets $20M From IDG, Others
VCCircle (Aug 5 2008) Social Networking Explore Article
Friendster Inc was first of the block in the social networking space, but had lost out after MySpace and Facebook made their entry into the networking scene. The company, however, has managed to attract a top Google exec as its CEO and IDG Ventures as one of the investors. The company has appointed Richard Kimber, [...] (Read Full Article)
Comment on Article Mentions: Google Kleiner Perkins Caufield & Byers DAG Ventures
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ADAG Announces PE Advisory Arm; To Raise $1 Billion Fund
VCCircle (Aug 4 2008) Explore Article
Reliance Capital, the financial services arm of Anil Dhirubhai Ambani Group (ADAG), has launched its private equity advisory arm Reliance Equity Advisors Ltd (REAL). The firm has received regulatory approval for an initial corpus of $1 billion, of which ADAG will contribute 15-20 per cent and the rest will be raised from two linked funds, [...] (Read Full Article)
Comment on Article Mentions: Economic Times Birla Deccan Aviation
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Dhoots Mesh Into IOL Netcom; Buyout On Cards?
VCCircle (Aug 1 2008) Acquisition Explore Article
The promoters of Videocon Group, the Dhoot family, has picked up a 14 per cent stake in Mumbai-based broadband company IOL Netcom Ltd from open market. The Dhoots have picked up 11.72 per cent stake through their investment arm Shree Dhoot Trading & Agencies Ltd, reports The Economic Times. Videocon also owns 1.83 per cent [...]
(Read Full Article)
Comment on Article Mentions: Microsoft Videocon Mahendra Nahata
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Times Group Acquires Failed Jobsite, Stake In Online Store
VCCircle (Jul 31 2008) Acquisition Explore Article
Internet job portal Timesjobs.com has acquired Gurgaon-based CyberMedia Careers, which is a part of the media house CyberMedia. TimesJobs has acquired the resume database and also the URL, which is now redirected to Timesjobs.com now. The latter has been on the block for a while after the portal failed to take off in technology recruting. [...] (Read Full Article)
Comment on Article Mentions: TravelChaCha.com Bennett , Coleman & Co. Cybermedia Careers
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Nokia Growth Partners Gets $150M From Nokia; Plans Office In India
VCCircle (Jul 31 2008) Mobile Explore Article
Nokia, the world’s largest handset-maker, has pumped $150 million into its private equity arm, Nokia Growth Partners. Most importantly for India, the private equity fund is establishing “direct operations” in the country, besides China. Nokia Growth Partners, launched in 2004, is focused on investing in companies involved in mobile technology, services and media. Target investments also [...] (Read Full Article)
Comment on Article Mentions: Nokia Growth Partners Nokia
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Scrabulous Pulls Off Facebook In US, Canada; Can They Continue?
VCCircle (Jul 30 2008) Explore Article
Scrabulous, a Facebook application created by two Kolkata brothers, has been pulled off from the US and Canadian Facebook pages. Scrabulous - an application that allows users to play the game Scrabble online - is facing legal action for intellectual property infringement by gaming company Hasbro which owns the rights for the game. Scrabulous was started [...] (Read Full Article)
Comment on Article Mentions: Jayant Agarwalla Electronic Arts Hasbro
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UTV To Invest $75M In Gaming Business; To Acquire Two US-Based Cos
VCCircle (Jul 30 2008) Acquisition Explore Article
Media and entertainment company UTV Software Communications Ltd. is betting big on gaming. It plans to invest a total of $75 million into the gaming business. While informing the Bombay Stock Exchange, UTV said that it will acquire a 51 per cent stake in a US-based top tier mobile content aggregator through it’s subsidiary, Indiagames Ltd. UTV also plans to invest in a US-based [...] (Read Full Article)
Comment on Article Mentions: Ronnie Screwvala Indiagames Ltd. Walt Disney
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Banglore-based Education Tech Co Gets $2.25M funding From NEA-IndoUS Ventures
VCCircle (Jul 29 2008) Explore Article
Banglore-based Idenizen Smartware Pvt ltd, a technology solutions provider for the education vertical, has received venture capital funding of $2.25 million (Rs 9 crore) from NEA-IndoUS Ventures. The firm’s flagship product, SmartCampus, helps integrate all key activities of an institute on to a single, integrated software-enabled platform - from administration to student and faculty activities [...] (Read Full Article)
Comment on Article Mentions: NEA-IndoUS Ventures Vinod Dham Kumar Shiralagi
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Unitus Launches Advisory Firm In Bangalore; Gets Seed Funding Of $5.5 Million
VCCircle (Jul 29 2008) Explore Article
Unitus Inc, a US based non-profit microfinance institution, has announced the launch of Unitus Capital, a financial advisory firm that will become a conduit between social entrepreneurs and capital market investors. The company will be based in Bangalore. The firm has also announced that Unitus Capital has received a seed funding of $5.5 million from [...] (Read Full Article)
Comment on Article Mentions: Pierre Omidyar ICICI Bank Texas Pacific Group
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Intel Capital Invests $17M In Yatra.com, BuzzInTown And An OOH Firm
VCCircle (Jul 24 2008) Social Networking , Funding Explore Article
Intel Capital, the venture capital arm of chipmaker Intel Corp, has announced that it would invest $17 million into three Indian companies - which includes travel portal Yatra.com, events-oriented social networking portal BuzzInTown.com, and Emnet Samsara Media Pvt. Ltd., an out-of-home advertising firm focusing on the Indian public transportation market. How much has gone into [...] (Read Full Article)
Comment on Article Mentions: Intel Capital Norwest Venture Partners Dhruv Shringi
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Info Edge To Invest $1.5 Million In Delhi-based Education Company
VCCircle (Jul 22 2008) Acquisition , Funding Explore Article
Info Edge Ltd, the owners of jobs portal Naukri.com, has made investment in another education company. Info Edge informed the stock exchanges today that it has proposed to invest Rs 6.5 crore or $1.54 million for a 40 per cent equity stake in Applect Learning Systems, a Delhi-based education content developer. It has already disbursed [...] (Read Full Article)
Comment on Article Mentions: Kleiner Perkins Caufield & Byers Applect Learning Systems Info Edge India
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Seedfund Raising $30 Million Fund?
VCCircle (Jul 9 2008) Funding Explore Article
Mumbai-based Seedfund, the early stage venture capital fund launched in 2006, may raise a second fund of $30 million, reports Business Standard, quoting sources. Seedfund, founded by Pravin Gandhi, Mahesh Murthy and Bharati Jacob, had raised about $10-15 million for its first fund. Our mail to Mahesh Murthy to confirm the development is unanswered till [...] (Read Full Article)
Comment on Article Mentions: Google Pravin Gandhi Sridar Iyengar
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IDG Ventures India Plans Its Second Fund Of $300 Million
VCCircle (Jul 9 2008) Explore Article
Bangalore-based early-stage venture capital firm IDG Ventures India is planning to raise $300 million India focused fund, Mint has reported. This willl be IDG Ventures’ second India-focused fund. IDG Ventures, which is part of the Boston-based technology-media publisher International Data Group Inc., had started its India operations in 2006 with a $150 million fund. They [...] (Read Full Article)
Comment on Article Mentions: Kreeda PC World Aujas Networks
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Online Tax Filer Taxshax Gets BCCL Support
VCCircle (Jul 4 2008) Acquisition Explore Article
Bennett Coleman & Company Ltd(BCCL), better known as the Times of India Group, has picked up a stake in First Altus Resources and Networks Private Ltd, the owners of Taxshax.com, an online income tax return filing company. As usual, they pick up stakes in return for ad and branding support in the paper. This is [...] (Read Full Article)
Comment on Article Mentions: Times of India Group TravelChaCha.com
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Cybercafe Focused OOH Media Firm Gets Funding From Sequoia
VCCircle (Jul 2 2008) Explore Article
Mumbai-based Ideacts Innovations, a web based Out Of Home advertising platform has recieved an undisclosed amount of funding from Sequoia Capital India. The startup also has backing from Alok Kejriwal of Contests2win. The funding is expected to be announced this afternoon. Ideacts has a desktop application product called CLINCK which is targeted at cybercafe users. CLINCK [...] (Read Full Article)
Comment on Article Mentions: Clinck ICICI Bank Rudrajeet Desai






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