The Bubble in Social Venture / Impact Investing
Economic Times has raised the “danger” flag on the bubble building up in the sector in a full page feature. “The hype around impact investing far outweighs reality,” warns Vineet…
Deal Alert: IAN incubates new cos
Indian Angel Network’s (IAN) virtual incubator has incubated eight new companies since January this year including: Evomo Research & Advancement: the Ahmedabad-based startup is building ‘Saavaj’, a rural utility vehicle…
Deal Alert: Sequoia invests Rs.3.22 Cr in online accounting services firm Reach Accountant
Sequoia Capital India has invested Rs.3.22 crores in Chennai-based online accounting services firm Reach Accountant. The company issues 10 equity shares and 6,143 preference shares of face value Rs.10 at…
Deal Alert: Times Internet acquires restaurant recommendation app firm Gawbl
Times Internet’s city guide TimesCity has “acqui-hired” the Pune-based restaurant recommendation mobile app Gawbl, which was launched four months ago on Android. The Gawbl team will be joining TimesCity’s mobile…
Deal Alert: Omidyar Network picks up 29.33% in retail sector lender Neogrowth for Rs.17-Cr
Omidyar Network, via ON Mauritius Business, has picked up a 29.33% stake in NeoGrowth, a Mumbai-based NBFC which lends to small and medium sized retailers, for Rs.17 crore. NeoGrowth has…
Deal Alert: IAN invests in IndiaCollegeSearch
The Indian Angel Network (IAN) has invested in IndiaCollegeSearch (ICS), an online service that helps students with college admissions. IAN members investing in the company include Vikram Kant Upadhyaya, Anupam…
Deal Alert: Gozoop buys digital media agency Red Digital for Rs.7-Cr
Mumbai-based social media agency Gozoop has bought Bangalore-based Red Digital, a media agency with clients across the entertainment and technology industries, for about Rs.7 crore. Red Digital currently manages digital…
Deal Alert: Online graphic art marketplace Crude Area secures funding
Mumbai-based online graphic art marketplace Crude Area has raised angel funding from a clutch of investors including the founders of Webchutney and two angel investors from the US. The funds…
Deal Alert: Tandem Capital invests in mobile commerce platform Shoptimize
Mobile accelerator Tandem Capital has added Shoptimize, a Pune-based mobile commerce platform for its six month program. Targeted at traditional merchants in emerging markets, Shopitimize is a mobile first SAAS…
Deal Alert: Online price discovery platform Wicfy raises follow-on investment
Pune-based shopping discovery platform Wicfy has secured follow-on funding from multiple investors including Silicon Valley–based Ecosystem Ventures, Everest Management Fund (Switzerland) and angel groups based out of Singapore and India.…