ClearTrip receives third round of funding

ClearTrip has received $18.5mn in the third round of funding led by DFJ ($10 mn) and the rest was led by Mahindra Group and all the four firms that had previously invested in Cleartrip. This brings the total investment in Cleartrip to $ 30. 2 million. ClearTrip plans to use the funding for building more services and increasing offline presence as well as acquisitions (any…

Just In: iXiGO receives funding from BAF Spectrum

Just in: iXiGO, India’s fastest growing and innovative travel metasearch engine, announced their first round of financing from BAF Spectrum, Singapore today. The value of funding is undisclosed, but it seems like a pre Series A funding for marketing and content scale-up strategy. William Klippgen, Executive Director at BAF Spectrum is joining iXiGO’s board of directors. Klippgen co-founded Zoomit.com which merged with Kelkoo, which later…

Investment wrapup: IAN invests in Druvaa, Intel Capital in 123Greetings

India beats China on PE investment in Asia For the first time, India stood first on the Asian PE chart in terms of deal value aggregate, garnering $9.9 billion in PE investments from 290 deals in 2007. China was second with $9.5 billion, followed by Taiwan with $5.8 billion. [source] Indian Angel Network invests in Druvaa India Angel Network has invested $250,000 in Pune-based start-up…

Pitching to a VC? Read this

Want some candid/real tips on how to pitch to a VC? Get it directly from Sanjay Anandaram, entrepreneur-turned-investor. I’ve received several questions from entrepreneurs wanting to know how they should pitch to VCs and what they should be prepared for. While there obviously are no magic bullets and no guarantees or even any apparent rationality (at times!) underpinning certain investment decisions it is important to…

Private Equity Investment in India to touch $13.5 bn in 2007!!

Good news for startups! The private equity investment in India is expected to log $13.5 billion during 2007, and the figure could rise to almost $20 billion by 2010! Here is the breakup: 173 deals worth $5.47 billion 250 deals are projected to bring another $8.02 billion. Sector wise breakup: IT/ITES sector made up for 14.3 percent of such investments, financial services accounting for 28.5…