Network18 has been selling its stake in different companies over the last couple of quarters. Two months ago, it sold Infomedia Yellow Pages and AskMe to Getit, the local search and classifieds company.
Indian Startup Funding Related News.
Network18 has been selling its stake in different companies over the last couple of quarters. Two months ago, it sold Infomedia Yellow Pages and AskMe to Getit, the local search and classifieds company.
Shares of JustDial, priced at a multiple of 66x its earnings per share in FY12, was considered an expensive buy by many analysts. However, the markets seem to have gone the other way on this.
Pune based price comparison platform Shoppingwish.in has raised an undisclosed amount of angel funding from Sandeep Johri and other angel investors based out of Silicon valley and NewYork
Out of the 53 companies which managed to raise nearly $191 million in series A, 11 firms went on to raise $245 million in series B and and 10 companies went on to raise $417 million in further rounds taking the total to about $853 million.
Hector Beverages, which makes the energy drink Tzinga has raised $8 million from Sequoia Capital and existing investors.
This acquisition will help 8KMiles build and expand on their cloud and big data security services and solutions, a company statement said.
About 98 of the 225 IT and ITES deals were made in the e-commerce subsector—a volume growth of 44% from 2011.
Chennai headquartered Caratlane had raised $6 million from Tiger Global in 2011, the company raised another $6 million from the same investor in 2012.
Mumbai Angels, with a group of unnamed US based Angels, has invested around Rs 5 crore in the company.
As its parent company inches closer to an IPO, Indiaproperty.com has been hived off. It has raised $7 mn from existing investors and is looking to raise an additional $10 mn.
