In its meeting of March 6, the FIPB has approved SIDBI Social Venture Trust, Mumbai to allot Class A units of the fund to bring foreign investment worth Rs.285 crore.…
Bangalore-based Tuebora, which provides security software as a service to businesses, will become the second Indian venture (after Grexit in 2011) to join US-based Citrix Startup Accelerator. Apart from a…
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…
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…
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…
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,…
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…
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…
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…
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…