Fund Alert: Karnataka plans VC fund for pharma sector
The Karnataka government has proposed to set up a venture capital fund with a corpus of Rs.50 crore targeting the pharmaceutical sector. The proposed Pharma VC Fund will have 26%…
Deal Alert: Sequoia to invest Rs.120-Cr in kitchen appliances co Stovekraft, up stake to 40%
Sequoia Capital is set to invest another Rs.120 crore in cookware and kitchen appliances company Stovekraft. Sequoia will raise its holding in the company to about 40%, up from the…
Deal Alert: TLabs announces 7 new startups for its batch 3
TLabs, a Times Internet Ltd. initiative that aims at nurturing and supporting the ideas and projects of Internet and mobile entrepreneurs, has launched Batch 3 with seven startups. These include:…
Deal Alert: Nadir Godrej invests in social network LocalCircles
Nadir Godrej, managing director of Godrej Industries, has invested in LocalCircles, a community-based local social network. The Delhi-based start-up enables citizens to connect with local communities, including neighbours, colleagues and…
Deal Alert: Indian Angel Network invests in RankJunction
The Indian Angel Network (IAN) has invested in Nagpur-based RankJunction, a ranking platform for competitive exams. IAN members Jay Chopde and Ravi Kiran led this round of investment and will…
Deal Alert: SkoolShop raises funding from Blume Ventures, angels
Mumbai-based SkoolShop.com, a portal that brings together products related to school and education, operating on both B2B and B2C models, has received an investment from Blume Ventures and angel investors…
Deal Alert: Nexus Venture Partners backed Shopclues.com raises third round of funding
ShopClues raises third round of funding; Nexus Venture Partners and Helion invest ShopClues.com India’s first and largest managed marketplace has successfully completed its third round of funding. In a tough…
Deal Alert: Helion, Nexus invest Rs.54-Cr in ShopClues.com
VC firms Helion Venture Partners and Nexus Partners, along with Netprice.com CEO Teruhide Sato, have invested Rs.54 crore ($10 million) in Vadodara-based online sales facilitating e-commerce firm Shopclues.com. ShopClues, founded…
Deal Alert: TalentEdge scouts for acquisitions
TalentEdge, an education company that was acquired by Gurgaon-based PE player Lumis Partners in February 2012, is looking for acquisitions in India and abroad. The company is also looking at…
Deal Alert: InfoEdge to write off Rs.29.3 Cr investment In 99labels
Info Edge, the company that runs Naukri, 99acres and Jeevansathi, plans to write off its entire Rs.29.3 crore investment in the boutique online shopping site 99Labels during the current quarter.…