Personal Finance startup, Perfios has raised Series A from individual investors and here is a QnA with the team on personal finance business, monetization plans and more.
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Corporate Gifting and Brand Merchandising firm, eYantra has raised $7.8mn in second round, led by Argonaut Private Equity. This Series B funding also saw Chennai-based Ventureeast Proactive maintaining its pro-rata investment, which was $2.1 million (Rs 9.5 crore) in March 2008 and $1 million (Rs 4.54 crore) in September 2008, into eYantra. The company plans...
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Venture Capital firms invested approximately $475 million over 92 deals in India during the twelve months ending December 2009. The number was considerably lower compared to 2008 which had witnessed $836 million invested across 153 deals.
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Career Launcher,Delhi-based education service provider has invested 1 mn $ in 361 Degree Minds, a Chennai-based research and technology-driven company that trains company officials and college students. 361 Degree provides training to middle-level and senior-level managers and has trained nearly 3,500 professionals from companies such as Nokia Siemens, AstraZeneca, Career Launcher and SanDisk. The investment...
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One97 has acquired 25% stake in Singapore based tenCube, the company behind WaveSecure product. The 25% stake, acquired for Rs. 100 crore will help One97 tap the fast-growing smartphone-related services market in India and launch the security solution in the country.
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CtrlS, a tier IV Datacenter startup (based out of Hyd) has announced raising Rs. 2.5 Billion from a consortium of Indian Banks. CtrlS Data Centers Ltd. is promoted by the Rs. 750 Crore Pioneer Group along with IDBI and Och-Ziff – a global institutional asset management firm. CtrlS received funding from Allahabad Bank, Indian Overseas...
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SMSGupshup has closed funding for a $12 million (Series D) round led by Globespan Capital Partners and additional financing from existing investors Charles River Ventures and Helion Venture Partners. SMS GupShup now serves 26 million users in over 2 million sms communities and claims to grow userbase by 100% just in the last 6 months...
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Mumbai Angels has announced an investment in AIOCD Pharmasofttech AWACS Pvt Ltd – a company that’s creating an electronic infrastructure across 550,000 pharmaceutical retailers & wholesalers across the country. This network will churn out a series of information products at different geographic levels, and also service the supply chain and internal sales compilation of...
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New Enterprise Associates, Inc. (NEA) today announced the official close of its thirteenth fund, which it began investing in May of this year. This new fund represents an estimated 17 percent of all U.S. venture capital funds raised in 2009 and is the largest single fund raised since 2007. This fund brings NEA’s total committed...
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iYogi (earlier raised $9.5mn from SAP Ventures, Canaan and SVB and $3.1mn in Series A from Canaan and SVB)  has raised $15mn from DFJ India (Draper Fisher Jurvetson joined continuing investors Canaan Partners; SAP Ventures, a division of SAP AG; and SVB India Capital Partners in the new financing). iYogi provides comprehensive direct to consumers...
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2009 was a milestone year for Indian VC community – most of them decided to stay away from investing in Internet market and did a lip service to investing in ‘pure technology’ firms. Majority of investments happened in areas that matter, i.e. healthcare and offline businesses, while mobile did get a boost with investment...
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Canaan Partners has announced an investment in MotorExchange, B2B auto exchange/bid platform for the Indian market. An early stage investment, MotorExchange is a used vehicle marketplace that provides technology platform to facilitate transactions, dedicated and inhouse certification, and to help buyers and sellers transact via the system.
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50% of India’s electricity is currently being generated by coal, a quarter by hydro power and around 10% by gas. As electricity demand outstrips supply there is huge potential for renewable energy, yet estimates suggest only 5% of India’s renewable resources are currently being exploited.
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Mumbai Angels has invested an undisclosed amount in Bangalore based Insta Health Solutions (IHS), a start-up company providing hospital IT solutions. The company had recently announced raising about $1 million from Inventus Capital Partners. Apart from two former Wipro veterans, Mr Ramesh Emani, former President of Wipro (Telecom & Production Engineering Solutions) and Mr S....
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DFJ plans to raise$400mn by next year, out of which the company plans to invest 15% in Indian market (i.e. $60mn). DFJ’s last round was $650mn, i.e. the fund raising this time is 40% lesser than the earlier round (source). Since 2005, DFJ has invested over $75 million in 18 firms in India and some of...
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CoOptions is a 10 year old company which works with co-operative banks and currently, works with half a million farmers in Andhra Pradesh (has exclusive agreement with AP government) and plans to expand it to 10 million farmers in the next two years.
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IMIMobile, provider of converged mobile and online value-added services for mobile operators, media companies and enterprises today announced that it has raised USD 13 million in a financing round led by Sequoia Capital and existing investor First Mark Capital. The funding will be used to build IMIMobile’s global service infrastructure (cloud infrastructure for Tier 1...
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One of the earliest funding for Infosys was Sudha Murthy’s savings worth Rs. 10,000. The Padma Shri winner social worker has her life come full circle (i.e. a fresh start) with NRN launching his own fund, Catamaran. She has sold shares worth Rs 430 crore or $92 million to back her husband’s plan to launch...
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Shell Foundation Invests in Husk Power Systems (converts Rice to Electricity). HPS earlier secured seed money from Cisco-DFJ Business plan competition.
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Rediff has announced an investment in Imere, Bangalore based startup that provides location-awareness platform. Imere gives service providers and application developers the ability to quickly and easily location-enable their applications. This includes integrating digital maps and database content drawn from multiple sources for enabling. Imere relies on cell-id and wifi id to decode the geographic location...
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