Deal Alert: Dhingana appoints Rohit Bhatia as CEO
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…
Fund Alert:Govt to set up VC fund for electronics firms
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.…
Fund Alert: Social VC firm Incube Ventures gets SEBI nod for Rs.200-Cr fund
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…
Deal Alert: Housing.co.in raises angel round
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…
Deal Alert: Firstsource tech spinout Anunta raises Series A funding from Bessemer
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…
Deal Alert: Rural healthcare chain iKure receives investment from Intellecap Network
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…
Deal Alert: MSD Foundation invests Rs.10-Cr in Intellegrow
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…
Deal Alert: Burrill & Co. invests in bioinformatics firm Strand Life Sciences
San Francisco-based Burrill & Company has completed a Series B round of financing in Bangalore-based Strand Life Sciences. Burrill, a diversified global financial services firm focused on the life science…
Deal Alert: MasterCard acquires stake in Mu Sigma
MasterCard Advisors, a division of NYSE-listed MasterCard, has acquired an equity stake in Bangalore-based analytics firm Mu Sigma. The partnership seeks to combine MasterCard Advisors’ purchase behavior insights with Mu…
Deal Alert: US firm Cadence acquires Cosmic Circuits
Cadence Design Systems, Inc., a leader in global electronic design innovation, has acquired Cosmic Circuits Pvt Ltd, a provider of analog and mixed signal intellectual property (IP) cores. Cosmic Circuits…