1. Articles from VCCircle

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  2. 25-48 of 1938 « 1 2 3 4 5 ... 79 80 81 »
    1. 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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    2. 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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    3. 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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    4. 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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    5. 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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    6. 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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    7. 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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    8. 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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    9. 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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    10. 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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    11. Yebhi.com acquires jewellery portal Stylishyou

      Yebhi.com acquires jewellery portal Stylishyou
      In tune with its promise to look at smaller e-commerce firms for acquisition, lifestyle and fashion e-tailer Yebhi.com has acquired Stylishyou, an online shop offering fashion jewellery. The deal includes both cash and equity, and Yebhi has also acquired the merchandising team as part of this deal. However, the monetary details of the deal have not been undisclosed. Set up in January 2011 by entrepreneur Shraddha Danani, Stylishyou is positioned to be a one-stop portal for exclusive brands of designer jewellery and accessories. Shraddha’s previous outing as an entrepreneur was at Design Studio, which housed designer home accessories ...
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    12. Ethnic wear e-tailer Cbazaar raises $3.5M from Inventus Capital, Ojas

      Cbazaar, an online retailer offering Indian ethnic wear and accessories, has raised $3.5 million in Series A funding from Inventus Capital Partners and Ojas Venture Partners. Launched in 2005, Cbazaar was bootstrapped by founders Rajesh Nahar and Ritesh Katariya, and this is the first round of institutional funding. As part of the deal, Samir Kumar, managing director of Inventus Advisory Services, and Pavan Krishnamurthy, Partner, Ojas, will join the board of Cbazaar. Commenting on the fundraising, CEO and co-founder Nahar said, “We launched Cbazaar.com in 2005 for the international market and have recently introduced Cbazaar.in to target ...
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    13. Digital mag store Magzter raises Series A funding from IndoUS Ventures

      New York-based digital magazine store Magzter Inc. has secured series A funding from IndoUS Venture Partners. Although the exact amount has not been disclosed, it is reportedly in the range of $3-5 million. Magzter was set up in June 2011 by two Indians -- Vijaykumar Radhakrishna and Girish Ramdas. And the service has been available in India since October last year. Currently, Magzter claims to house around 400 magazines from India, Singapore, the UAE (Dubai), Malaysia, the US and the UK. Hosted on Amazon's Cloud platform, Magzter also enables publishers to digitise their publications and sell those to global users ...
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    14. What May Hurt Indian Internet & E-com Biz

      Two years ago, as an Internet analyst based out of Silicon Valley (covering Google, Amazon, eBay, Yahoo! and all other global Internet majors), I wrote a  sector-defining report on India Internet. The market then was at a nascent stage except for online travel and online classifieds. Since then, we have seen a huge euphoria about the Internet, especially a sizable adoption of e-commerce. This euphoria is not a short-term trend and will continue for many years to come. India is not only among the top three countries in terms of Internet population but also among the most underpenetrated when it ...
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    15. VCCircle Taking The Next Big Leap: To Launch Premium Service On May 14

      Dear Readers, VCCircle.com, your favourite business news website, has gone from strength to strength since it was founded in 2005. Thank you for your support and encouragement, which have helped us carry forward and improve upon our offerings constantly. Today, we probably have India's largest online-only editorial team, and we are also clearly the most focused and the best in the industry -- with more than a dozen reporters and editors writing on deals, trends in private equity, venture capital, M&A, investment banking and path-breaking companies. Creating quality, accurate and relevant content to help you in your decision-making ...
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      Mentions: M&A
    16. IFC May Invest Up To $30M In MFIs Ujjivan, Equitas

      International Finance Corporation (IFC) is looking to up its bet on the Indian microfinance institutions by considering a total of Rs 150 crore investments in Equitas Holdings Pvt Ltd and Ujjivan Financial Services Pvt Ltd. The World Bank arm has earlier invested in MFIs like Bandhan Financial Services, Utkarsh Micro Finance and Swadhaar Finserv, among others. IFC is looking to invest Rs 100 crore or $20 million in the newly created holding company of Chennai-based Equitas. IFC’s investment in Equitas will come at a time when the firm has restructured itself into a holding company for three businesses – microfinance ...
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    17. Pharma Tries To Avoid Falling Off ‘Patent Cliff’

      For four years Chris Viehbacher has been bracing himself for a nasty turn. Since being appointed Sanofi’s chief executive in 2008, he has been diversifying the French drugmaker to prepare for the moment it loses US patent protection on one of its most lucrative products. “It’s T-minus 3 weeks,” Mr Viehbacher says. Along with its US partner Bristol-Myers Squibb – Sanofi is set to see sales of Plavix, the blood-thinner that is the world’s top selling medicine, drop sharply this year from nearly €7bn in 2011. Along with many of his peers in the pharmaceutical industry, he faces ...
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    18. L Govind Joins ICICI Securities As Head Of Structured Products, CDR

      ICICI Securities Ltd has appointed L Govind as head of structured products and corporate debt restructuring (CDR). Prior to this appointment, Govind was working with Reliance Capital Ltd (RCL), where he was monitoring RCL’s debt and equity investments in corporates. Govind is a visiting faculty at the Institute of Chartered Accountants of India (ICAI) and Institute of Company Secretaries of India (ICSI). He holds a post-graduate diploma in management from IIM-Lucknow and also a BE degree in Mechanical Engineering from Vikram University, Ujjain. “Structured products and corporate debt restructuring is one of our key businesses of ICICI Securities and ...
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    19. Facebook Plans To Raise $10.6B In Mega IPO

      Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's. The eight-year-old social network that began as Mark Zuckerberg's Harvard dorm room project indicated an initial public offering price range of between $28 and $35 a share on Thursday, which would value the company at $77 billion to $96 billion. The size of the IPO reflects the company's growth and bullish expectations about its money-making potential as ...
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    25-48 of 1938 « 1 2 3 4 5 ... 79 80 81 »
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