Fund Alert: Wipro sets up $100-M VC fund
Bangalore-based IT services Wipro, has set up a venture capital fund that will look at investing in early-to-middle stage technology start-ups globally. The initiative is being driven by Chief Strategy…
Deal Alert: Chennai Angels invests in Hyd-based solar products firm Fourth Partner Energy
Hyderabad-based renewable energy services start-up Fourth Partner Energy (4PEL) has raised a series-A funding of Rs 3 crore from the Chennai Angels. The start-up, co-founded by Vivek Subramanian, who earlier…
Deal Alert: Omidyar invests in media start-up Scroll.in
Omidyar Network, promoted by eBay founder Pierre Omidyar, has invested in start-up news and commentary website Scroll.in. The investment was made into Scroll India’s US-based parent, Scroll Media Inc. Scroll…
Deal Alert: Mobile travel marketplace SeekSherpa raises angel investment
Delhi-based mobile travel marketplace SeekSherpa has raised seed investment from a group of angels associated with early-stage accelerator VentureNursery. The company will use the funding to expand operations and for…
Deal Alert: New Biotech accelerator invests in Lucep, SKL Medtech, Bugworks
A new incubator set up by entrepreneurs in the biotechnology sector has invested in software product company Lucep, which is looking to enter the healthcare segment; Coimbatore-based SKL Medtech, which…
Deal Alert: RoomnHouse.com raises Rs. 1-Cr from Euphoria Venture
Property portal RoomnHouse has raised funding of close to Rs. 1 crore from Euphoria Ventures through a bridge round to expand its operations. Angel funded by Euphoria Ventures CEO Ashish…
Deal Alert: Steadview, SAIF, Kalaari invest $21-M in furniture e-tailer Urban Ladder
Bangalore-based online furniture store Urban Ladder has raised $21 million (INR 120 crore) in a round led by Hong Kong-based Steadview Capital with participation from existing investors SAIF Partners and…
Deal Alert: Times Internet, Flipkart founders invest in mobile app firm News in Shorts
News in Shorts, a mobile app firm that gives out top news stories in 60-word bite-sized portions, has raised seed investment from Times Internet and a group of entrepreneurs, including…
Deal Alert: Cardback raises $170-K from Rajan Anandan, Sunil Kalra, others
Cardback, creator of an Android app that provides notifications to users about offers on their credit and debit cards on mobiles, has raised INR 1 crore ($170,000) via LetsVenture, an…
Deal Alert: Malaysia-based Presha Paragash invests Rs.5-Cr in backpacker hostel chain Zostel
Zostel, a backpacker hostel chain for young travellers, has received an angel funding of INR 5 crore from Malaysia-based angel investor Presha Paragash.IIM Calcutta graduate Paavan Nanda founded Zostel in…