Deal Alert: Utthishta picks 9% in alumni portal Vaave
Utthishta Yekum Fund, a Hyderabad-based seed fund, has invested INR 25 lakh to pick a 9% stake in the start-up Vaave promoted by Coherendz India Pvt Ltd. Vaave helps educational…
Deal Alert: KITVEN leads Rs.3 Cr investment in IT Services firm Avekshaa
Bangalore-based IT services firm Avekshaa Technologies has raised about INR 3 crore ($500,000) from a clutch of investors, including Karnataka government’s KITVEN fund and ex-Infosys CFO V Balakrishnan. The company,…
Deal Alert: Sequoia invests in local retail delivery firm Grofers
Gurgaon-based Grofers which has developed an app that helps customers get goods delivered from shops around them, has raised funding from Sequoia Capital India. Founded by Saurabh Kumar and Albinder…
Deal Alert: Bridge Capital invests Rs. 2.8 Cr in talent hire firm Youth4work
Delhi-based Youth4work, a start-up offering pre-assessed talent for-hire to companies, has raised INR 2.8 crore in bridge capital from Aurum Equity Partners, Global Asia Partners and UK-based angel investor Dan…
Deal Alert: CIIE, IIM-A alumni invest in low-priced sanitary pads maker Aakar
The Centre for Innovation Incubation and Entrepreneurship (CIIE) at the Indian Institute of Management, Ahmedabad (IIM-A) has led an investment in Aakar Innovations, a maker of compostable sanitary pads. The…
Why Lightspeed said yes to mobile dating app Vee
Extracts from a post on the Lightspeed Ventures India blog (emphasis mine): Traditionally, young Indian women and men have struggled to meet new and like-minded people owing to various socio-cultural…
Deal Alert: Rajan Anandan, Patni Bros, other angels invest Rs 5-Cr in Aureus Analytics
Singapore- and Mumbai-based financial analytics firm Aureus Analytics has raised over Rs 5 crore ($850,000) in an angel round of funding led by Steven Sule, partner in investment firm Naste…
How Piramals cracked the Private Equity in Real Estate puzzle
From the Forbes India profile: Given the scope of its services, while all realty funds have a takeover clause in their contracts, Piramal Fund Management has the actual capability to…
Deal Alert: Chennai Angels leads Rs.6-Cr investment in jewellery e-tailer Velvetcase
Mumbai-based online designer jewellery marketplace Velvetcase has raised more than $1 million in a funding round led by Chennai Angels. Jacob Kurian, partner at PE firm New Silk Route; Arihant…
Deal Alert: Flipkart founders invest in gaming start-up MadRat Games
Flipkart founders Sachin Bansal and Binny Bansal, have made an investment in an offline games start-up MadRat Games. The other investors who have participated in the funding round of about…