Seedfund has acquired a significant minority stake in Bangalore-based online-offline commerce venture Chumbak. The investment was made around six months ago. Chumbak is focused on the souvenir and gift market,…
Vuclip, a Milpitas, US-based independent mobile video and media company, has acquired the core assets of Jigsee, a Canadian mobile video streaming company. The core assets are expected to bring…
Chennai-based online retailer of Indian ethnic wear, Cbazaar, is planning second round of fundraising to drive expansion. Net Avenue Technologies Pvt Ltd that runs the portal is planning to go…
Online music streaming site Dhingana.com has appointed Rohit Bhatia as its new Chief Executive Officer. Bhatia will be responsible for Dhingana’s tie ups with Indian mobile operators and labels and…
The government is considering setting up Angel/Venture funds for electronics-specific firms in the next few months. A detailed project report for setting up a Rs.10,000 crore EDF is being examined.…
Market regulator SEBI has approved India’s first social venture fund, Incube Connect Fund, which seeks to collect Rs.200 crore for investment in four sectors impacting the life of people. The…
Mumbai-based real estate portal Housing.co.in has raised angel funding from eight investors led by Zishaan Hayath, who’s the co-founder of the Future Bazaar acquired Chaupati Bazaar. The other investors include…
Bessemer Venture Partners has extended Series A financing to Mumbai-based Anunta Technology Management Services. Founded by Ananda Mukerji, founding CEO of Firstsource Solutions, and Sanjiv Dalal, ex-CTO of Firstsource Solutions…
Kolkata-based healthcare provider iKure TechSoft has received an investment from angel investor group Intellecap Impact Investment Network (I3N). Launched in 2011, I3N comprises individuals and institutional investors looking to invest…
Mumbai-based IntelleGrow, a venture debt-financing company for small and medium enterprises (SMEs), has raised Rs.10 crore from the Michael and Susan Dell Foundation (MSDF). IntelleGrow, promoted by investment banking services…