1. Articles from VCCircle

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  2. 49-72 of 1944 « 1 2 3 4 5 6 ... 79 80 81 »
    1. 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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    2. 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
    3. 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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    4. 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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    5. 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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    6. 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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    7. Accel's Subrata Mitra In Midas List Of Top Global Tech Investors

      Accel Partners' Subrata Mitra has joined the list of some of the renowned venture capital investors in world thanks to the early investment bet on Flipkart, the country’s largest ecommerce firm. Mitra figures in the latest Forbes Midas List for top 100 global tech investors. Although Indian names are not unusual in the annual list, till now bulk of them were persons of Indian origin (mostly US-based VCs). Mitra is one of the rare India-based venture capitalist to be featured on the list. While Mitra came in ranked at 99, Accel's Silicon Valley-based partner Jim Breyer topped the ...
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    8. TV Guide iDubba Raises Angel Funding From Rajan Anandan & Others

      TV Guide iDubba Raises Angel Funding From Rajan Anandan & Others
      Three-and-a-half year old iNiD Digimedia Pvt Ltd, which launched TV program guide iDubba, has raised an undisclosed amount in angel funding from a bunch of investors including Rajan Anandan (MD, Google India), Srikant Sastri (country chairperson Vivaki India), Abhishek Rungta & Pallav Nadhani (Founders of Seeders) among others. It was inducted in the Morpheus’s startup accelerator program one-and-a half year back. The Noida-based startup is basically a platform that brings social element to TV shows, by letting viewers discover shows based on their profile likes and dislikes. In order to get alerted about their programs of choice, iDubba has a ...
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    9. Mobile Query Startup Innoz Raises Series A Funding From Seedfund

      Innoz Technologies Pvt Ltd, a mobile search platform, has secured Series A funding from Seedfund (http://seedfund.in). Although the amount raised has not been disclosed, it is estimated to be between $2-5 million and will be used in marketing, hiring people and strengthening the technology base to support the increase in demand and traffic. As a part of this funding, Mahesh Murthy, managing partner of Seedfund, has joined Innoz’s board. Innoz’s mobile query product SMSGyan (now rebranded) works on a short code ‘55444’, giving instant results on queries through an SMS. The company offers this service at ...
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    10. PE-backed Just Dial Set To Launch India’s Largest Internet Biz IPO

      Mumbai-based Just Dial Ltd, which runs an India-specific local business listings site, will raise Rs 360 crore (~$68 million) through a public issue which may hit the markets within the next 8-10 weeks, sources close to the development told VCCircle.  This would make it the biggest public issue by an Indian company in the consumer Internet business. Besides the primary issue of shares, the IPO also includes a secondary offering of 10.64 million shares by private investors SAIF Partners, Tiger Global Management and Sequoia Capital India besides the company’s promoter VSS Mani.  SAIF had also part exited along ...
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    11. SAIF-backed Just Dial Set To Launch India’s Largest Internet Biz IPO

      Mumbai-based Just Dial Ltd, which runs an India-specific local business listings site, will raise Rs 360 crore (~$68 million) through a public issue which may hit the markets within the next 8-10 weeks, sources close to the development told VCCircle.  This would make it the biggest public issue by an Indian company in the consumer Internet business. Besides the primary issue of shares, the IPO also includes a secondary offering of 10.64 million shares by private investors SAIF Partners, Tiger Global Management and Sequoia Capital India besides the company’s promoter VSS Mani.  SAIF had also part exited along ...
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    12. Age Of The Department Store

      Over the next few years successful e-commerce companies in India should end up looking like the department store, selling products from various verticals. I cautiously make this claim backed by 20 years of  entrepreneurial experience as well as an investor in over 15 startups many of which are in e-commerce. Entrepreneurs venturing into e-commerce need to understand this point and make a business plan accommodating their expansion plans into other categories of products before seeking an investment. The Rationale Through my experience I have learned that entrepreneurs always tend to underestimate the cost of customer acquisition. Currently customer acquisition is ...
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      Mentions: Flipkart LTV
    13. KKR Suffers On Carry, Fees

      KKR & Co LP said Friday that income from its share of investors' profits and the fees it charges for its assets slumped in the first quarter, prompting the private equity firm to cut its dividend, albeit less than some analysts expected. On other metrics, such as the value of its portfolio, however, earnings were better than expected, highlighting the challenges investors face in valuing private equity firms as Carlyle Group LP prepares to go public. KKR, whose investments include retailer Toys R US Inc, Internet domain registration company Go Daddy Group Inc and hospital operator HCA Holdings Inc, said first-quarter ...
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    14. VC-backed PrimeTel Raises $60M From Asian Telco

      Communications technology firm Prime Telesystems (Ltd) or PrimeTel has raised Rs 300 crore (~$60 million) from an Asian telecom firm by selling less than 10 per cent stake, as it prepares to launch its premium-priced communications services in India, a company spokesperson told VCCircle. He did not disclose the name of the investor but said it is an Asian government controlled tier I telco. Some of the firms which fit the bill include Singapore Telecom (a public listed firm in which Singapore’s sovereign wealth fund is a large shareholder) besides Axiata (formerly Telekom Malaysia). Both these Asian telcos have ...
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    15. MIH Group Picks 51% In Tek Travels

      MIH Group Picks 51% In Tek Travels
      South-African media conglomerate Naspers owned MIH Group has acquired majority stake in six years old Gurgaon-based travel company Tek Travels which runs the B2B travel portal Travel Boutique Online . Tek Travels was started by Gaurav Bhatnagar and Ankush Nijhawan  in 2005. Both the founders hail from the technology background where Bhatnagar is an IIT Delhi alumnus and Nijhawan studied in Bryant University. The portal Travel Boutique Online was started in 2006 and mainly deals with the B2B travel needs. It provides air & train tickets, besides hotels, bus or car booking, visa enquiry, travel insurance and even chartered planes and helicopters ...
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    16. Investors Wise Up To First-day Tech ‘Pops’

      It has been a strong start to the year for technology flotations. Venture capital backers have had their best year for issuance in five years, raising $1.5bn in the first quarter, according to industry figures. These deals have performed well, also averaging a first-day gain or “pop” this year of 17 per cent. If sustained, that performance would be the best in over a decade, says Dealogic. Since the start of January, shares of companies that have gone public in the past two years are up 15 per cent, according to the FTSE Renaissance US IPO index. That is ...
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    17. Freshdesk Raises $5M In Second Round Of Funding Led By Tiger Global

      Barely six months after raising $1 million in series A from venture capital firm Accel Partners, SaaS-based social customer support startup Freshdesk has raised $5 million in another round of funding led by Tiger Global Management. Previous investor, Accel Partners, is also participating in the round. The company will be using the funds raised in this round to ramp up engineering and build more product features. Freshdesk also plans to expand its global support team to meet the growing demand. Freshdesk is a social customer service software that allows companies to support customers through both traditional support channels like email ...
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    18. Property Transaction Portal Metroplots Gets 2nd Round Of Angel Funding

      Chennai-based startup Metroplots Pvt Ltd, which runs property transaction portal Metroplots.com, has raised its second round of angel funding from existing investors who are members of Chennai Angels, as well as fromVardhman Jain, a new investor. Although the quantum of investments could not be immediately ascertained, it is believed to be less than $1 million. “The funds will be primarily used to set up branches in Bangalore, Delhi-NCR and Mumbai. We have already opened our branches in Bangalore and NCR, and will be setting up shop in Mumbai soon. We will also use the capital to increase our team ...
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      Mentions: R Ramaraj NCR USP
    19. Saif Partners-backed HomeShop18 Eyes $100M Us Ipo

      Indian media group Network 18 is moving towards a US listing of its wholly owned online retail arm, HomeShop18, that could raise about $100 million, two sources with direct knowledge of the matter said. The group is in talks with institutional investors, including private equity firms, to take up shares as part of the listing plan, said the sources, who declined to be identified as the talks are not yet public. “The process has just begun. We are in talks with bankers and investors,” said one of the sources. Indian online retail firms are raising capital to position themselves for ...
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      Mentions: Sundeep Malhotra
    20. Mitsui's Private Equity Arm Opens India Office

      Mitsui & Co. Global Investment Ltd (Mitsui Global Investment), the private equity arm of the Japanese conglomerate Mitsui & Co., Ltd, has opened an India office in Mumbai and set up MGI Group India Pvt Ltd, which will build a local team and invest across several sectors. Mitsui Global Investment will hold 95 per cent stake in the India arm while the rest 5 per cent will be held by its parent firm Mitsui & Co, according to a statement issued today. Mitsui Global Investment comes under Mitsui & Co’s financial & new business unit and it has appointed managing director Tetsuya Koide as ...
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    21. TalentSprint Raises $4M In Series A From Nexus Venture Partners

      Hyderabad-based skills development and training company TalentSprint Educational Services has raised Rs 20 crore ($4 million) in series A funding from Nexus Venture Partners. As part of the investment, Anup Gupta, managing director of Nexus Venture Partners, will join the company’s board. Co-founded by Madhumurty Ronanki, Santanu Paul, and JA Chowdary in 2009, TalentSprint offers employability programmes to professionals using experiential learning and iPEARL, its technology platform in the IT and BFSI sector. The programs offered are delivered to students during or after-college to make them job ready as separate from academic learning. Santanu Paul, CEO and managing director ...
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    22. Eros To Buy Out Remaining 76% In B4U For $53.1M

      Bollywood films producer and distributor Eros International Plc is acquiring the remaining 76 per cent stake it does not own in the digital broadcasting firm B4U Television Network in a cash-plus-stock deal worth $53.1 million (Rs 270 crore). Eros International Plc, which is promoted by the Lulla family, is listed on London’s AIM exchange and is the parent firm of the Indian public company Eros International Media Ltd. B4U was formed as a media joint venture between billionaire steel baron Lakshmi Mittal, Gokul Binnai and the Lulla family. Currently, the Mittals and the Binanis are reportedly the majority ...
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    23. Mahendra Swarup Joins Avigo Capital As Partner

      Mahendra Swarup Joins Avigo Capital As Partner
      Avigo Capital Partners has roped in Mahendra Swarup as a partner for the SME-focused mid-market private equity fund manager. He currently serves as the president and the member of the executive committee of Indian Venture Capital Association, a national organisation representing venture capital and private equity firms. He will be the third partner at Avigo Capital, besides founding partner Achal Ghai and general partner S. Harikrishnan, who is currently leading all mid-market investments for the firm. Swarup is expected to join the PE firm’s Delhi office in May. Swarup has over 30 years of experience in operations, sales & distribution ...
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    24. Publicis Groupe Acquires Mumbai-based Digital Agency Indigo Consulting

      Publicis Groupe, a French MNC specialising in advertising and communications, has acquired Mumbai-based full-service digital agency Indigo Consulting for an undisclosed amount. Consequently, Indigo will operate as a unit within one of its advertising agencies – the Leo Burnett Group – and retain its name. Indigo's founder Vikas Tandon will remain the MD and report to Arvind Sharma, chairman (Indian subcontinent) of Leo Burnett. Set up in 2000, Indigo Consulting employs a team of 160 at its Mumbai headquarters and Delhi office. The company provides a slew of services like website design and development, search engine optimisation, usability research & testing, and ...
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