Deal Alert: OnlinePrasad taps Hyd, Chennai Angels
Hyderabad Angels and Chennai Angels – via 20 of their members including former Microsoft India Development Center MD Srini Koppulu, ex-CEO and cofounder of Sify.com R Ramaraj, Suresh Productions CEO…
Deal Alert: Ventureast Tenet to invest $1-M in online health portal MediAngels
MediAngels.com, an online platform which allows patients to consult the specialised doctors from across the globe, has raised $1 million (INR 6 crore) from Ventureast Tenet Fund and Government of…
Deal Alert: Web content protection firm ShieldSquare raises Rs. 2-Cr
Bangalore-based ShieldSquare has raised INR 2 crore from 15 investors including Girish Mathrubootham of Freshdesk; Murugavel Janakiraman of BharatMatrimony; Sanjay Anandaram of Seedfund; red-Bus founders Phanindra Sama, Charan Padmaraju and…
Profile of Meru Cabs founder Neeraj Gupta
From the Mint article He did almost nothing for five years after his graduation from Mithibai College in Mumbai. “My wife got a job at Jet Airways right after college…
Profile of Vini Cosmetics founder Darshan Patel
From the Mint article: Patel launched Vini Cosmetics in 2010, having spent two decades at Paras Pharmaceuticals, which he co-owned with his brothers; he had a 24% stake in it.…
Deal Alert: Indian Angel Network invests in Tattva Spa
Elementia Wellness Pvt. Ltd, the company that owns the Tattva spa chain, has raised funding from the Indian Angel Network (IAN). The funds will be used to expand the company’s…
Deal Alert: Matrix Partners invests in online referral hiring firm Grown Out
Matrix Partners India has invested in the first institutional round of funding for GrownOut, a referral hiring solution that enables companies to leverage their employees’ professional network. GrownOut will use…
Deal Alert: NEA, others invest $500-K in image recognization tech firm Hyperverge
Chennai-based Hyperverge has raised $550,000 (Rs 3.5 crore) from a clutch of US-based investors, including New Enterprise Associates. Founded by Kedar Kulkarni and incubated at IIT-Madras, Hyperverge is preparing for…
Why PE investors should stick to minority investments in Restaurants
From an Economic Times article titledd “Do PE firms make bad chefs?” citing the problems at Adiga’s, Sagar Ratna and Nirula’s. Prudent investment metrics back PE’s thinking in grabbing pieces…
AZB continues to top Legal Advisor to Private Equity Transactions League Table in H1 2014
ALMT Legal, IndusLaw complete the Top 3 Most Active Advisors List AZB & Partners has retained its status as the Most Active Legal Advisor for Private Equity transactions during the…