Investment roundup: BharatMatrimony and Kijiji India raise funds, Telecom sector to boom further
Quick roundup of Investment activity:
BharatMatrimony has raised $11.75 mn in second round funding from Mayfield, Canaan Partners and Yahoo [details]
eBay India has partnered with Matrix partners for former’s Indian classified site, Kijiji.in [details]
India’s booming telecom services market will witness investments of over Rs. 100,000 crores by 2010
“The investments include between Rs 48,000 crore and 60,000 crore ($12 billion to $15 billion) from six new telecom players (including Reliance and Tatas’ proposed GSM mobile services) over 12 to 24 months to create capacity for 250 million more mobile subscribers.”[source]
Canaan Partners raise $650 mn, the broad areas of investment will continue to be Internet, Mobile applications, Managed services, Software products, Transaction platforms and the like.
More at IndiaBusiness channel
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Related posts:
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- Indian VCs losing interest in web/mobile sector?
- Investment Roundup: Nokia Growth Partner Eyes India, IndiaGames founder launches seed fund..and more
- Rajasthan Venture Capital Fund secures 75 crore for Investment in IT sector
About the author - Ashish Sinha is a Startup Mentor/Product Strategy Coach, and the founder/chief editor of pluGGd.in.
He has launched/managed couple of products (consumer as well as enterprise) in US and India, and now consults with startups/small businesses on their product/media strategy. He can be reached at: ashish (at) pluGGd.in [+91 98452 06443]
