Kerala based value added services provider MobMe has received an approval from the national stock exchange to raise $4.5 mn through an initial public offering at the SME exchange.
Indian Startup Funding Related News.
Kerala based value added services provider MobMe has received an approval from the national stock exchange to raise $4.5 mn through an initial public offering at the SME exchange.
Technology major Cisco has invested in Apalya Technologies Private Limited, a managed video streaming service provider, along with existing investors IDG Ventures India, Indo US Venture Partners and Qualcomm.
Angel networks Mumbai Angels and Bangalore Angels have also invested in the Bangalore based company alongside Unitus Seed Fund.
Startup Superfuel is now in the process of making it’s first set of investments and the first investment will be announced in the next two weeks, said 5ideas.
“With funding, we would be foraying into offline channel via distribution partnership in Delhi (NCR) and later on to other cities.”
The two, will lead a group of investors and set up a private equity fund to back early stage social media, mobile and cloud computing startups.
PICKME, a Mumbai based service provider, which collects and drop gadgets at consumers’ doorstep to authorized service centers for repair has raised $1 million in series A from Mumbai Angels, Bangalore Angels and Chennai Angels.
The comparison buying space is pretty crowded at the moment but having a large catalog of crowd sourced reviews (think Goodreads) is a major differentiation.
Jungle Ventures, which recently hired Alon Sobol, who headed mobile partnerships for Facebook in Asia will come as great help to Zipdial which is planning an international roll out starting with Asia.
OCP Asia will invest $15 mn into the company, matched by an equal contribution from Network18, which will remain a majority shareholder in the company with over 51% stake.
