Deal Alert: Norwest exits Persistent Systems; sells remaining shares worth Rs.36-Cr for 4.20x return
Press Release Norwest Venture Partners has sold its remaining 719,581 shares of publicly listed IT services firm, Persistent Systems Ltd. on BSE worth Rs.36 Crores at Rs.500.72 per share on…
Deal Alert: Sportsnest acquires PlaygroundOnline; secures funding from Blume Ventures
nextbigwhat.com Online sports product retailer, PlaygroundOnline and B2B company, Sportsnest have merged and the combined entity has raised funding from Blume Ventures. Post merger, PlaygroundOnline will be the consumer face…
Deal Alert: Dentsu in talks to buy out digital agency Webchutney
Economic Times Japanese advertising agency Dentsu is in advanced talks to buy out digital advertising agency and consulting firm Webchutney. Network18, which holds 70.06% stake in the Sidharth Rao-promoted Webchutney…
Deal Alert: Local deals search firm Squeakee raises funding from Kae Capital, Mumbai Angels
Economic Times Mumbai-based Squeakee, a yet-to-be-launched search engine for offers, has raised funding from Kae Capital and Mumbai Angels. The hyper-local search engine, which digs out online and offline discounts…
Deal Alert: Unilazer invests in MeraCareerGuide.com
Catalog Educational Services Pvt. Ltd., the Noida-based company that operates the online career guidance service MeraCareerGuide.com, has raised capital from Unilazer Ventures, the family office of UTV founder Ronnie Screwvala.…
Deal Alert: SAIF buys Persistent Systems shares worth Rs.55-Cr as Norwest sells addl shares worth Rs.90-Cr
NSE Norwest Venture Partners has sold an additional 1,845,000 shares of publicly listed outsourced product development firm Persistent Systems Ltd. on NSE worth Rs.90.41 crores at Rs.490 per share on…
Deal Alert: Times Internet invests in design-focused e-tailer Fab.com
Press Release Times Internet has made a “7-figure” investment in New York-based e-commerce company Fab.com. As part of this investment, Fab will work with Times Internet to explore and execute…
Deal Alert: Times Internet invests in missed call based marketing firm ZipDial
Economic Times Times Internet Ltd, the internet and mobile venture of The Times Group, has picked up a minority stake in Bengaluru-based ZipDial Mobile Solutions. ZipDial gives brands a toll-free…
Deal Alert: HT Media acquires 40% stake in online recruitment service MyParichay
HT Media is to acquire a 40% stake in MyParichay, an online recruitment business. HT Media will acquire equity shares from MyParichay’s existing promoters and by subscription of CCPS in…
Deal Alert: The Morpheus announces 12 startups as part of Batch 8
NextBigWhat The Morpheus, a Chandigarh-based accelerator, has added 12 more startups to its portfolio, as part of Batch 8. The batch concluded its initial 4 month startup acceleration program recently.…