1. Articles from VCCircle


  2. 25-48 of 1947 « 1 2 3 4 5 ... 80 81 82 »
    1. Tech Mahindra buys 51% of Bharti Group's mobile VAS firm Comviva for $48M

      Tech Mahindra Limited, India’s sixth largest software exporter, has struck a deal to acquire 51 per cent of Comviva Technologies Limited, a Bharti Group company engaged in providing mobile Value Added Services (VAS), mobile money and mobile payment solutions, for Rs 260 crore ($48 million). The firm will be rechristened Mahindra Comviva. As part of this arrangement, Tech Mahindra will make an upfront payment of Rs 125 crore towards the stake acquired and the balance amount of Rs 135 crore will b
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    2. News Roundup: Tech Mahindra to buy Bharti's Comviva for Rs 750Cr

      Tech Mahindra To Buy Bharti's Comviva For Rs 750Cr - Billionaire Sunil Bharti Mittal-led Bharti Group is in advanced discussions to sell Comviva Technologies, a mobile financial and value-added services (VAS) solution provider, to Tech Mahindra, the Mahindra group's IT arm, for around Rs 750 crore. The deal had been delayed for a while as some minor issues such as valuation of future contracts of Comviva had to be resolved. Comviva is about 50% owned by Mittal and his family, 30% by Sequoia Capi
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    3. Jolly'€™s Volley: Back to the USA

      Yes I am back on vccircle after a little hiatus (to the delight of some, and dismay of many). For those of you who are unaware, I recently relocated to the Bay Area. The reasons were purely personal (aging parents and in-laws are in California and the accidental loss of my younger brother last year), and in no way indicates a lack of interest or excitement about entrepreneurship or investment opportunity in India (political and policy logjam notwithstanding). While I still sit on multiple boards
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    4. News Roundup: IPG set to buy Sequoia Capital-backed Interactive Avenues

      IPG Set To Buy Sequoia Capital-backed Interactive Avenues - Interpublic Group or IPG, the world’s fourth largest advertising network after WPP, Omnicom and Publicis, is close to acquiring the largest digital marketing agency in India, called Interactive Avenues (IA). While the deal size could not be ascertained, IA has clients like ICICI Bank, Sony India and ITC, among others. IPG already has a 51:49 joint venture with IA, called Reprise Media. (Business Standard) Shareholders of Actis-owned Hal
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    5. Sequoia Capital invests $4.6M in online clinic management platform Practo

      Bangalore-based Practo Technologies Pvt Ltd, a web-based clinic management software developer, has raised Rs 25 crore (around $4.6 million) from Sequoia Capital in a Series A round of funding. Practo’s flagship product is Practo Ray, a web-based software tool which provides automated appointment scheduling and storage of healthcare records including X-rays, files, prescriptions and billing. Practo’s platform currently manages 10,000 appointments per day, with 8,000 doctors at 5,000 dental, welln
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    6. OneAssist Raises $3.5M from Sequoia Capital

      OneAssist Raises $3.5M from Sequoia Capital
      Mumbai-based OneAssist Consumer Solutions Pvt. Ltd has raised $3.5 million (Rs 19.93 crore) from Sequoia Capital India and Lightspeed Venture Partners. OneAssist, a year-old company, offers personalised mobile and financial security and management solutions via its products WalletAssist, MobileAssist, EverydayAssist and TripAssist. Started by founder duo of Gaurav Maini and Subrat Pani, OneAssist offers an on-call customer support under various categories from mobile phone security to fraud assi
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    7. Kshirsagar joins Manappuram Finance board as Baring PE India nominee

      Baring Private Equity Partner India's advisor E A. Kshirsagar has joined the board of Manappuram Finance Ltd as its nominee, the gold loan retailer informed the Bombay Stock Exchange. Kshirsagar is a specialist in corporate strategy and structure, disinvestment, feasibility studies and the impact of legislation on business. A veteran at the management consultancy division of AF Ferguson, where he put in over three decades, Kshirsagar retired in 2004 as its director-in-charge. Led by the managing
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    8. Sequoia Capital invests in Citrus Payment Solutions

      Venture capital firm Sequoia Capital India has invested an undisclosed amount into Mumbai-based Citrus Payment Solutions Pvt Ltd, an online payments solution provider. Digital media site Medianama has first reported the deal. As part of the deal, Mohit Bhatnagar, managing director of Sequoia Capital, has joined the company’s board. Bhatnagar joined Sequoia in 2006 and serves on the boards of Prizm Payments, Comviva, Ujjivan Microfinance, IMI Mobile, Ideacts and Micromax Mobile. Set up in 2011, C
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    9. News Roundup: Axiata eyes Idea tower biz for transnational tower company

      Axiata Eyes Idea Tower Biz For Transnational Tower Co - Malaysian telecom giant Axiata Group has approached Aditya Birla group-owned Idea Cellular to build a transnational tower company, with operations across Southeast Asian markets. Axiata wants to acquire or merge more than 8,000 towers of the Indian mobile operator as it looks to create a unified tower entity with a presence in seven nations. Idea's towers could be valued at about $600 million. (Times of India) Indiareit Raises Rs 250Cr Rede
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    10. Sequoia-backed Moolchand Healthcare unveils $93M expansion plan

      Sequoia-backed Moolchand Healthcare unveils $93M expansion plan
      Delhi-based Moolchand Healthcare is planning to invest Rs 500 crore ($93 million) to expand its hospital network through a mix of organic expansion and acquisition of existing assets. The expansion will be part-funded from Rs 100 crore ($18.5 million), raised from the venture capital firm Sequoia Capital. Although the firm has disclosed the fundraising only now, the funding took place a few months ago. VCCircle was the first to report the deal. The healthcare firm will expand its current facilit
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    11. Education startup Limberlink raises $2M from Accel Partners

      Education startup Limberlink raises $2M from Accel Partners
      Bangalore-based education services startup Limberlink Technologies Pvt Ltd has raised around $2 million from Accel Partners, according to sources privy to the development. Sources also added that the deal was struck earlier this year. In spite of repeated attempts, the company spokesperson could not be contacted for comments. Limberlink was founded in 2009 by V Vinay and Swami Manohar. Earlier, the duo had also set up PicoPeta Simputers, which was sold to Geodesic Information Systems in 2006. The firm targets engineering students and provides out-of-classroom, beyond-curriculum training in core engineering concepts. For this, the founders, who are also former IISC ...
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    12. Acumen Fund Invests $2M in BASIX Krishi

      Acumen Fund Invests $2M in BASIX Krishi
      Social venture capital investor Acumen Fund has made an equity investment of Rs 9 crore ($2 million) into BASIX Krishi Samruddhi Ltd. Part of Vijay Mahajan’s Basix Group, the company provides agriculture-related support and business development services to farmers. Set up in April 2010, BASIX Krishi provides a plethora of services like soil testing, seed treatment, vermicomposting, pest management and good harvesting practices for crop farmers; and livestock vaccination, para-vet services, fodder demonstration and milk market linkages for dairy farmers. The firm charges fees for its services and operates through a network of ‘livelihood service providers’. BASIX Krishi plans ...
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    13. Gifting startup Giftcart.com receives $1M as seed capital from TekCorp

      Delhi-based Giftcart Ecommerce Pvt Ltd has received $1 million as seed capital from TekCorp. Giftcart, a portfolio company of TekCorp, has also launched its website Giftcart.com in private beta today. The company will use the funds to develop the portal platform, implement business/customer processes and build a supply chain. It will also raise more funds in the next six months. Giftcart has been set up by Shaloo Reddi (managing director) and Kristina Hermanns (director & GM for customer experience) on April 18, 2012, and it is targeting both Indian residents and NRIs who want to send gifts to their ...
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    14. Facebook's IPO already oversubscribed

      Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm. Despite concerns about slowing growth, a lofty valuation and signs the company is having trouble ramping up revenue from mobile advertising, institutional investors have so far indicated demand for more shares than Facebook has available, the source told Reuters. Analysts say the company, which is seeking to raise about $10.6 billion by selling more than 337 million shares at $28 to $35 apiece ...
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    15. Ybrant Digital to acquire three Experian biz units for $175M

      Hyderabad-based Ybrant Digital Ltd, a digital marketing solutions company, has entered into an agreement to acquire PriceGrabber, LowerMyBills and ClassesUSA.com from Experian plc, an information services company which is currently one of the top five Internet advertisers in the US. Ybrant will acquire these three businesses for a total of $175 million (around Rs 938 crore), including $100 million in cash and another $75 million ‘loan note’. The deal will add a business of $283 million (revenues from the three businesses for the year ended March 31, 2012) and will increase Ybrant’s employee strength by 300. Steve Krenzer ...
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    25-48 of 1947 « 1 2 3 4 5 ... 80 81 82 »
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