Deal Alert: Target announces second batch
US retailer Target Corporation has roped in a second set of start-ups for its accelerator programme based in Bangalore. While the first batch focused on themes like personalisation search, content…
The Dangerous Shotgun Wedding of Financial Technologies with NSEL
In a “shotgun wedding“, the long term ramifications of which were somewhat drowned amidst the Diwali break last week, the Union Government has ordered the forced merger of two private…
Deal Alert: Ideaworks Partners invests Rs.10-Cr in outsource product development firm People10
Bangalore-based outsourced software product development firm ‘People 10’ has raised about INR 10 crore from US-based fund Ideaworks Partners in a Series A round of fundraising. Founded in 2011, the…
Deal Alert: VentureNursery Angels invest in HotelsAroundYou
Last-minute hotel booking start-up HotelsAroundYou has raised seed funding from more than 10 angel investors associated with early-stage accelerator VentureNursery. The investors include Patni scions Amit and Arihant, Aditya Birla…
Deal Alert: Secondhand books marketplace Notemybook incubated at Vesit
Notemybook, a start-up based in Mumbai that aims to make books available to students at 40% less cost, has been incubated at Vivekanand Education Society’s Institute of Technology (VESIT) located…
Doug Leone of Sequoia on Indian VC
Economic Times has an interesting interview with Sequoia Capital’s Silicon Valley-based partner Douglas (Doug) Leone on the firm’s investments in India and elsewhere. Extracts (emphasis mine): On why Sequoia is…
Deal Alert: Lingerie e-tailer Cloe attracts German investors
Noida-based lingerie e-tailer Cloe has raised an investment from a group of investors in Germany “with deep roots in consumer retail and Internet”. From the Venture Intelligence PE Deal database:…
Deal Alert: Biba acquires 26% stake in fellow apparels firm Anju Modi
Retail brand Biba Apparels has acquired 26.66% stake in Anjuman Brand Designs which is engaged in the business of designing, manufacture and sale of garments under the brand name “ANJU…
Deal Alert: Fmr Infy CFO V. Balakrishnan invests in IT Services firm Avekshaa
Former Infosys board member V Balakrishnan has invested Rs 25 lakh in Bangalore-based IT solutions provider Avekshaa Technologies. Balakrishnan has joined Avekshaa’s board as an independent director and is mentoring…
Deal Alert: Seedfund invests $2-M in resort room aggregator V Resorts
V Resorts, a Noida-based company aggregating boutique hotel chains, has raised close to $2 million (about Rs. 12 crore) in pre-series A funding from Seedfund. V Resorts, founded by Aditi…