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.
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.
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.
‘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 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.