Deal Alert: Indian Angel Network invests in Inthree
Inthree, which operates a rural distribution network, has attracted investment from the Indian Angel Network. The funding will be principally used to fuel Inthree’s evolution into a complete rural consumer…
Deal Alert: Dell Foundation invests Rs.12-Cr in virtual classroom firm Edutel
Michael & Susan Dell Foundation (MSDF) has invested INR 12.4 crores in Edutel Technologies, a Bangalore-based provider of virtual classrooms for students in government and low-fee private schools. The company…
Deal Alert: Aspada invests Rs.11-Cr in education firm Xamcheck
Aspada Investment Company has made a commitment of INR 11 Crore ($1.8 million) to Xamcheck, a third-party assessment, test design, and feedback solution for K-12 schools in India. Xamcheck was…
Deal Alert: Dell Foundation invests in SME lender Kinara Capital
Bangalore-based financier for the micro, small, and medium enterprises Kinara Capital has received an equity investment from the Michael & Susan Dell Foundation. The Dell family foundation will hold a…
Deal Alert: Online test prep startup TestBook raises Rs.1.5 Cr from ah! Ventures, Carlyle MD
PE firm Carlyle’s India MD Shankar Narayanan and angel group ah! Ventures have invested INR 1.5 crore in Mumbai-based Testbook which provides free mock tests for entrance exams such as…
Deal Alert: IAN Invests in UK-based meetings management app firm Lowdown
Indian Angel Network’s UK operation has announced an investment in Lowdownapp Ltd, a London based meeting management app maker that offers users a snapshot and in-depth view of attendee information,…
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…