Local search company Getit Infoservices Private Limited is raising Rs 216 cr from a foreign investors, according to a filing on the foreign investment promotion board.
E-learning Startup Edukart Raises $500k from Kima Ventures & Others
Edukart, founded in 2011 by Ishan Gupta, an alumnus of Stanford and Mayank Gupta, an IIM-K alumnus, sells courses online. The company offers courses in different sectors including retail, finance, digital marketing and programming.
Valley Based Tandem Capital to Launch India Fund to Back Mobile Startups
The fund will invest in about 20 startups and will work with former Infosys director T V Mohandas Pai and Manipal Group CEO Ranjan Pai. The fund size was not disclosed.
SAAS based warehousing solution Unicommerce secures funding from Nexus Venture Partners [And Makes NextBigWhat Happy]
‘I believe NextBigWhat is doing a great job by providing startups visibility with investors. It ha helped us a lot in connecting with potential clients and investor community”.
Network18 Sells Stake in WebChutney to Dentsu India
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.
JustDial IPO Subscribed 11.3x; Proof that Market Likes the Internet & Tech
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.
Product discovery engine Shoppingwish raises undisclosed amount of angel funding from Sandeep Johri and others
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
Less than 15 out of 53 Venture Capital Backed E-commerce Companies in India Will Survive 2014
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 raises $8 million from Sequoia, Catamaran & Footprint Ventures
Hector Beverages, which makes the energy drink Tzinga has raised $8 million from Sequoia Capital and existing investors.
8KMiles Acquires FuGen Solutions for $7.5 Million
This acquisition will help 8KMiles build and expand on their cloud and big data security services and solutions, a company statement said.