Fund Alert: Karnataka proposes Rs.1,000-Cr ICT Innovation Fund
Karnataka is set to launch a Rs.1,000 crore fund to help create 1,000 startups in the next seven years. The fund is conceived on the Israeli model, which has successfully…
Deal Alert: Lalit Bhagia quits STAR India; to launch digital startup
Lalit Bhagia has quit as Vice President and Head, Digital (Internet and Mobile) at STAR TV, which he had joined in 2010. . He now plans to start up in…
Deal Alert: Snapdeal raises Rs.8-Cr from SVB India
E-commerce firm Snapdeal has raised a term loan of Rs.8 crore from SVB India Finance. The company last raised equity of Rs.200 crore in July 2011 and is actively scouting…
Deal Alert: Tradus acquires BuyThePrice.com
Naspers-owned Tradus has bought out Hyderabad-based e-commerce portal BuyThePrice.com, a little over a year after it had invested Rs.8.5 crore in the company. Launched in March 2010 by Ranjith Boyanapalli,…
Deal Alert: Party supplies e-tailer DholDhamaka.com looking to raise VC funding
New Delhi-based DholDhamaka.com Retail Pvt. Ltd., an e-commerce service supplying products for parties, festivals and weddings, is seeking to raise venture capital funding. The company claims to cater to customers…
Deal Alert: SVB India provides venture debt to Firstcry.com’s parent firm
SVB India Finance has provided a Venture Term Loan to Pune-based Brainbees Solutions India Private Limited, the company which operates the online and offline kids products retailer FirstCry.com. The company…
Deal Alert: Games2win raises $2-M more from Clearstone
Mumbai-based Games2win India Pvt. Ltd. has raised an additional round of funding of approximately $2 million (Rs.10 crore) from US-based Clearstone Venture Partners. This is Games2win’s third successful financing round…
Deal Alert: Biosense Technologies raises $500,000 from GSF and Inistor Fund
Mumbai based Biosense Technologies has raised $500,000 of funding from GSF India and Insitor Fund. The company, founded by Myshkin Ingawale, Abhishek Sen, Yogesh Patil and Aman Midha, plans to…
Deal Alert: KPO firm Aranca to raise PE for expansion
Aranca, a Mumbai-based Knowledge Process Outsourcing (KPO) firm, is looking at raising private equity in 8-10 months time to expanding its services to Latin America and China, both organically and…
Profile of Mystery Shopping Firm RedQuanta
From the Smart CEO: Through its network of mystery shoppers, Mumbai-based RedQuanta measures the quality of service, compliance to regulation and gathers specific information about products and services of its…