Deal Alert: Seedfund backs gifting venture Chumbak.com
Seedfund has acquired a significant minority stake in Bangalore-based online-offline commerce venture Chumbak. The investment was made around six months ago. Chumbak is focused on the souvenir and gift market,…
Deal Alert: Mobile video tech firm Jigsee acquired by Vuclip
Vuclip, a Milpitas, US-based independent mobile video and media company, has acquired the core assets of Jigsee, a Canadian mobile video streaming company. The core assets are expected to bring…
Deal Alert: Ethinic wear e-tailer Cbazaar to raise Series B funding
Chennai-based online retailer of Indian ethnic wear, Cbazaar, is planning second round of fundraising to drive expansion. Net Avenue Technologies Pvt Ltd that runs the portal is planning to go…
Deal Alert: Dhingana appoints Rohit Bhatia as CEO
Online music streaming site Dhingana.com has appointed Rohit Bhatia as its new Chief Executive Officer. Bhatia will be responsible for Dhingana’s tie ups with Indian mobile operators and labels and…
Fund Alert:Govt to set up VC fund for electronics firms
The government is considering setting up Angel/Venture funds for electronics-specific firms in the next few months. A detailed project report for setting up a Rs.10,000 crore EDF is being examined.…
Fund Alert: Social VC firm Incube Ventures gets SEBI nod for Rs.200-Cr fund
Market regulator SEBI has approved India’s first social venture fund, Incube Connect Fund, which seeks to collect Rs.200 crore for investment in four sectors impacting the life of people. The…
Deal Alert: Housing.co.in raises angel round
Mumbai-based real estate portal Housing.co.in has raised angel funding from eight investors led by Zishaan Hayath, who’s the co-founder of the Future Bazaar acquired Chaupati Bazaar. The other investors include…
Deal Alert: Firstsource tech spinout Anunta raises Series A funding from Bessemer
Bessemer Venture Partners has extended Series A financing to Mumbai-based Anunta Technology Management Services. Founded by Ananda Mukerji, founding CEO of Firstsource Solutions, and Sanjiv Dalal, ex-CTO of Firstsource Solutions…
Deal Alert: Rural healthcare chain iKure receives investment from Intellecap Network
Kolkata-based healthcare provider iKure TechSoft has received an investment from angel investor group Intellecap Impact Investment Network (I3N). Launched in 2011, I3N comprises individuals and institutional investors looking to invest…
Deal Alert: MSD Foundation invests Rs.10-Cr in Intellegrow
Mumbai-based IntelleGrow, a venture debt-financing company for small and medium enterprises (SMEs), has raised Rs.10 crore from the Michael and Susan Dell Foundation (MSDF). IntelleGrow, promoted by investment banking services…