The state run electricity board in Kerala has earmarked Rs 1.5 cr to fund innovative ideas in the power sector.
Online marketplace Overcart has closed Series A investment led by serial entrepreneur K Ganesh’s GrowthStory with follow on investment from GSF.
South African media conglomerate Naspers now owns 17.7% of Flipkart, India’s largest e-commerce company.
Cisco investments, the venture capital arm of Cisco today announced the allocation of $40 mn to fund early-stage firms in India.
Real estate classifieds portal Housing.com has raised Rs 115 cr in a round of investment led by Helion Venture partners & Qualcomm Ventures. Existing investor Nexus Venture Partners also participated in the round.
Information risk management solution provider Paladion has secured $10 million from Nadathur Holdings, the investment firm run by Infosys co-founder NS Raghavan.
As promised in April, India’s market regulator SEBI has floated a consultation paper on crowd funding in the country.
Online ticketing company BookMyShow has raised Rs 150 cr from investors, at a valuation of Rs 1000 cr. Private equity firm SAIF partners, existing investors Accel Partners & Network18 participated in the round.
Delhi based education marketplace Careers360 has raised Rs 6 cr in funding from Manipal Group promoter Ranjan Pai and Satya Narayanan R, the founder of Career Launcher.
Mobile technology company IMImobile has filed for an Initial Public Offering at London’s junior exchange to raise £30m.