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SAP Ventures Invests In Software Product Co Newgen Software
VCCircle (Sep 11 2008) Acquisition , Funding Explore Article
SAP Venture, the venture capital arm of enterprise software maker SAP, has invested in New Delhi-based software product company Newgen Software Technologies Ltd for a minority stake. This follows a $7.5 million investment by HSBC private equity in January this year. Newgen claims to be a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with a global footprint of about 700 installations in over 30 countries. ... (Read Full Article)
Comment on Article Mentions: NewGen Diwakar Nigam SAP Ventures
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Nexus India Capital Invests In Energy Efficiency Startup
VCCircle (Sep 11 2008) Explore Article
Mumbai based venture capital fund Nexus India Capital has invested an undisclosed amount in SEDEMAC Mechatronics, an IIT Bombay incubated startup providing energy efficiency solutions for the automotive and renewable energy markets. read more (Read Full Article)
Comment on Article Mentions: Shashikanth Suryanarayanan Nexus India Capital Advisors Comments Post
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Air Travel Slowdown: Cleartrip Lays Off 42, Yatra Tightens Mktg Spend
VCCircle (Sep 11 2008) Travel Explore Article
As the dynamics of air travel is changing with more and more airlines finding themselves stuck on the tarmac, the online travel ticketing business is going through some belt-tightening. Cleartrip, an online travel portal, has started laying off people over the past couple of months. While industry sources suggest that the venture funded company has issued pink slips to some 70 employees, the company has confirmed to VCCircle that it has indeed laid off 42. ... (Read Full Article)
Comment on Article Mentions: Sandeep Murthy Kleiner Perkins Caufield & Byers Mahindra Group
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Exclusive: Cleartrip Lays Off 42, Yatra Tightens Marketing Spend
VCCircle (Sep 11 2008) Travel Explore Article
As the dynamics of air travel is changing with more and more airlines finding themselves stuck on the tarmac, the online travel ticketing business is going through some belt-tightening. Cleartrip, an online travel portal, has started laying off people over the past couple of months. While industry sources suggest that the venture funded company has issued pink slips to some 70 employees, the company has confirmed to VCCircle that it has indeed laid off 42. ... (Read Full Article)
Comment on Article Mentions: Kleiner Perkins Caufield & Byers Sandeep Murthy Mahindra Group
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Anil Ambani's Deal With Spielberg Stuck Over Debt Financing
VCCircle (Sep 10 2008) Acquisition Explore Article
The deal between Anil Ambani and Steven Spielberg's DreamWorks SKG is stuck over arrangement of debt finance. The deal involves Reliance Big Entertainment picking up a 50% stake for $500 million and then also arranging a debt of upto $700 million. read more
(Read Full Article)
Comment on Article Mentions: Paramount Reliance BIG Entertainment DreamWorks SKG
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Educomp Picks Up 50% Stake In Pre-School Educator EuroKids For $8.7M
VCCircle (Sep 10 2008) Acquisition Explore Article
Delhi based Educomp Solutions Ltd has acquired a 50% stake in pre-school educator EuroKids International for $8.7 million (Rs 39 crore). Educomp will infuse more capital into Mumbai-based EuroKids for future expansion of its network. This will be Educomp's third acquisition in since May this year. The agreement with EuroKids also has a provision for Educomp to increase its stake in stages to 74% over a period of time. Both the ... (Read Full Article)
Comment on Article Mentions: Shantanu Prakash Subhash Chandra Educomp Solutions Ltd
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Educomp Picks Up 50% Stake In Play School EuroKids For $8.7M
VCCircle (Sep 10 2008) Acquisition Explore Article
Delhi based Educomp Solutions Ltd has acquired a 50% stake in pre-school educator EuroKids International for $8.7 million (Rs 39 crore). Educomp will infuse more capital into Mumbai-based EuroKids for future expansion of its network. This will be Educomp's third acquisition in since May this year. The agreement with EuroKids also has a provision for Educomp to increase its stake in stages to 74% over a period of time. read more
(Read Full Article)
Comment on Article Mentions: Subhash Chandra Shantanu Prakash Educomp Solutions Ltd
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Battery Ventures Makes Ramneek Gupta A Partner; To Open India Office
VCCircle (Sep 10 2008) Explore Article
US-based Battery Ventures, a venture capital and growth investment firm, has promoted Ramneek Gupta to Partner. Gupta will now be moving to India and open the firm's office in Bombay later this year. He is currently based out of Battery's office in Silicon Valley. read more
(Read Full Article)
Comment on Article Mentions: Mark Sherman Tejas Networks Battery Ventures
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Battery Ventures Makes Ramneek Gupta Partner; To Open India Office
VCCircle (Sep 10 2008) Explore Article
US-based Battery Ventures, a venture capital and growth investment firm, has promoted Ramneek Gupta to Partner. Gupta will now be moving to India and open the firm's office in Bombay later this year. He is currently based out of Battery's office in Silicon Valley. read more
(Read Full Article)
Comment on Article Mentions: Mark Sherman Tejas Networks Battery Ventures
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Norway's Telenor Close To Getting Stake in Unitech Wireless: Report
VCCircle (Sep 10 2008) Telecom Explore Article
The second generation entrants in the telecom arena have started getting JV proposals from international players who are yet to open an account in the world's fastest growing telecom market. Norway's telco Telenor is talking to pick up a 26% stake in Unitech Wireless, the telecom arm of real estate firm Unitech for around $500 million (Rs 2,200 crore) valuing the firm at around $2 billion. read more (Read Full Article)
Comment on Article Mentions: Telenor Telecom Italia Unitech Wireless
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BPL Mobile Sells 17% Stake To Unknown Mauritius Firm
VCCircle (Sep 10 2008) Mobile , Acquisition Explore Article
Ruia-owned BPL Mobile has sold about 17% stake for $80 million to an unknown Mauritius based fund. In its statement the firm has said that it has issued shares to a Mauritius based company owned by an international institutional fund investing in emerging markets. The statement added that funds raised from this issuance have been used for BPL Mobile's expansion in Mumbai and its stake in Loop Telecom. BPL Mobile ... (Read Full Article)
Comment on Article Mentions: Vodafone Essar Comments Post
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Japan's DoCoMo, France Telecom Frontrunners For Stake In Tata Tele
VCCircle (Sep 10 2008) Telecom , Acquisition Explore Article
Japan's NTT DoCoMo and European telecom giant France Telecom are now the front runners to pick a strategic stake in Tata Teleservices (TTSL). The deal is expected to be valued at around Rs 5,000 crore (~$1.2 billion) for 12% stake. As per this report, Tatas are in the final stages to dilute their stake in the country's sixth-largest telecom operator (with around 28 million subscribers) and a deal is expected ... (Read Full Article)
Comment on Article Mentions: Tata Teleservices Tata Sons Comments Post
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Icici Venture's Bala Deshpande Quits; To Join NEA
VCCircle (Sep 9 2008) Explore Article
Update: Bala Deshpande, who has just left ICICI Ventures, is set to join US -based venture capital fund New Enterprise Associates or NEA. VC Circle could not reach Bala Deshpande for confirmation. NEA has its India office in Bangalore. It globally manages assets exceeding $8.5 billion. Its India advisory team comprises of Ben Mathias (Vice President), Jerry Rao and Amit Sharma (both Venture Advisors). read more
(Read Full Article)
Comment on Article Mentions: ICICI Bank Jerry Rao Deccan Aviation
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How Do I Do Multiple Closings for an Angel Round?
VCCircle (Sep 9 2008) Funding Explore Article
(Editor: This article is published with permission from AskTheVC.com.) Q: How do I do multiple closings on a single round work? In our case, we have an investor wishing to give us headstart, certainly I imagine not an uncommon case in friend and family scenarios, though here we’d have multiple rounds of angels, without kicking up the gears to flush out a full seed round with other investors before that ...
(Read Full Article)
Comment on Article Mentions: Comments Post
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SVG Advisors Raises Its First Fund of Funds For Asia At $200 Million
VCCircle (Sep 8 2008) Explore Article
SVG Advisers (SVGA), the private equity fund management and advisory business of SVG Capital, has announced the closing of its SVG Asia Fund of Funds by raising $200 million, exceeding its target of $150 million. The firm has also appointed Khim Tan as Head of Asian Fund Investment, while it also announced the opening of its first Asian office in Singapore, to be headed up by Simon Lund. read more (Read Full Article)
Comment on Article Mentions: Comments Post
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Tata Comm Invests $11.5 Million California's BitGravity
VCCircle (Sep 8 2008) Explore Article
Tata Communications, the telecom arm of the Tata Group, has invested $11.5 million in content delivery networks (CDNs) company BitGravity. Also Tata has announced the launch of its global CDN service using BitGravity's technology. Tata and California-based BitGravity had announced their partnership in March this year. Leveraging Tata's global network which has a presence in more than 200 countries across 300 PoPs, BitGravity's will apply its technology platform in internet ... (Read Full Article)
Comment on Article Mentions: Tatas BitGravity Comments Post
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Tata Comm Invests $11.5 Million In California's BitGravity
VCCircle (Sep 8 2008) Explore Article
Tata Communications, the telecom arm of the Tata Group, has invested $11.5 million in content delivery networks (CDNs) company BitGravity. Also Tata has announced the launch of its global CDN service using BitGravity's technology. Tata and California-based BitGravity had announced their partnership in March this year. Leveraging Tata's global network which has a presence in more than 200 countries across 300 PoPs, BitGravity's will apply its technology platform in internet ... (Read Full Article)
Comment on Article Mentions: BitGravity Reliance Globalcom Tatas
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KKR Throws Its Hat Into The Ring For BT Stake In TechMahindra
VCCircle (Sep 8 2008) Acquisition Explore Article
The battle for British Telecom (BT)'s stake in the Indian tech firm Tech Mahindra is getting hotter with buyout biggie Kohlberg Kravis Roberts & Co (KKR) throwing its hat into the ring. KKR joins some of the other global PE firms such as Apax Partners, Texas Pacific Group, Temasek and Carlyle who are also in the race to buy BT's 31 percent stake which is currently valued at $680 million (~Rs 3,000 crore) ... (Read Full Article)
Comment on Article Mentions: Flextronics Bharti Infratel British Telecom
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SEBI Clears Future Ventures IPO With Riders
VCCircle (Sep 8 2008) Acquisition Explore Article
Future Ventures India, the venture capital arm of the Future Group, has recieved the approval of market regulator Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Interestingly, SEBI has cleared the IPO with certain riders, reports The Economic Times. read more (Read Full Article)
Comment on Article Mentions: Future Group Economic Times Comments Post
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What Price Adjustments Do You See Prior To Closing In A Financing?
VCCircle (Sep 8 2008) Explore Article
(Editor's note: This column is published with permission from AskTheVC.com) Q: Can you please explain what sort of adjustments you should expect to the price that a VC promises in a term sheet between the signing of the term sheet and signing of a final stock purchase agreement (SPA)? read more (Read Full Article)
Comment on Article Mentions: Comments Post
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Reliance Big Entertainment Acquires US-Based Cricket Streaming Site
VCCircle (Sep 7 2008) Acquisition Explore Article
Anil Ambani-owned Reliance Big Entertainment (RBE) has acquired a majority stake in US based Willow.tv, an internet portal for live internet streaming of cricket events. The acquisition amount has been undisclosed, while the company has said that it would invest Rs 300 crore ($75 million) in the company over the next two years. The investment also includes the payout to the existing owners and founders of Willow.tv - Vijay Srinivasan and Sameer Mehta. read more (Read Full Article)
Comment on Article Mentions: Reliance BIG Entertainment Reliance Industries Limited Comments Post
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News Roundup:Telcos in loop for Loop Telecom & Others
VCCircle (Sep 2 2008) Acquisition Explore Article
Mergers & Acquisitions read more (Read Full Article)
Comment on Article Mentions: Wipro Telenor Essar
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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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Net Telephony Freed, Long Distance Rates To Go Down
VCCircle (Aug 19 2008) Telecom Explore Article
Call it India’s Communications Revolution V 2.0. After the government came out with norms for the launch of next generation phone services through 3G, now it is also on the verge of fully ushering in internet telephony in the country. The telecom regulator has removed restrictions on net telephony which allows internet service providers (ISPs) [...]
(Read Full Article)






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