New technologies at workplace altering internal communicationmydigitalfc.comIt meant you were someone important in the organisation,” says James Thomas, country manager, India operations of Kronos, the global human resource management solutions company. Nobody thinks a second time about having an email ID anymore.

Helion Venture Partners has closed its third fund of $255 million, thereby bringing the total capital under management to over $600 million. The third fund sees participation from Limited Partners across all key geographies, with a noted rise in interest from Asian investors. Helion, in its sixth year, will continue to invest in early to mid-stage businesses with a focus on technology innovation and consumer demand driven businesses in India. The fund will look at deal sizes between $2 million a

Modern firms are collaboration routersmydigitalfc.comIt is unclear at what point a business firm acquires the characteristics of a social entity and vice versa (the travails of Indian Railways is a result of political mix-up between populist policies, societal needs and economic necessities).

A day after announcing the promoters’ intent to sell stake in the company, Manappuram Finance has announced the sale of 4.75 per cent in the company to three private equity investors. Baring PE India, Sequoia Capital and Siguler Guff picked up 4.75 per cent stake in the company on Wednesday, said the company in a statement on Thursday. The promoters raised Rs 144.65 crore through the sale of 36.12 million shares of the company at a price of Rs 40.04 per share. The sale price was at a 9 per cent

Daycare specialty services chain, Vasan Healthcare has announced that it has received $100 million from Singapore’s sovereign fund Government of Singapore Investment Corporation (GIC). GIC has made the investment through its affiliates for a minority stake in Vasan. Financial Chronicle had reported the $100 million investment by the PE firm in July 2011. GIC joins Sequoia Capital and WestBridge Capital, as the investors in the specialty eye care and dental care company. “We are delighted to begi

Ujjivan Financial Services, one of the leading MFIs in the country has raised Rs 127.9 crore ($25.5 million) from its existing investors, a Dutch and a Mauritius PE Fund—Netherlands Development Finance Company (known as FMO) and WCP Mauritius Holdings III (Wolfensohn Capital Partners). The funds raising came close on the heels of another leading MFI-Bandhan Financial Services raising nearly Rs 160 crore from IFC. This incidentally is WCP’s first exposure to Indian MFI sector. Ujjivan’s existing

E-commerce venture raises $ 40 millionmydigitalfc.comLed by Norwest Venture Partners and Intel Capital, Sequoia Capital India and Nokia Growth Partners also participated in this round. Goldsquare will use the funds for its growth initiatives including acquisitions, starting new business categories as ...and more »

Only 20% of Indian firms have data retention: Studymydigitalfc.comBy S Shyamala Oct 31 2011 Data explosion is a no-brainer to comprehend in this era of Web 2.0 dominated by the Twitters and Facebooks of the world. However, what blows the mind is the rate at which information is generated. According to an IDC study, ...

Venture funds may also hurt business, and how!mydigitalfc.com“Most companies don't know how to let VCs go,” says R Ramaraj, senior adviser at Sequoia Capital. “They come with time-bound agendas and have their deadlines to meet. The only way for a VC to regain its money is to exit. Entrepreneurs should be shrewd ...

Netmagic plans to add two data centresmydigitalfc.comThe company raised $4 million in the first round of funding in 2000 and $20 million in the second round in 2008. The second investment was in two tranches of $15 million and $5 million. Fidelity International and Nexus India Capital are Netmagic's ...

24/7 Customer to hire 5000 SIM advisers by March 2012mydigitalfc.comBy N Vasudevan Sep 13 2011 , Bangalore Sequoia Capital-funded 24/7 Customer, which focuses on online predictive customer experience solutions, said it plans to recruit over 5000 social and interactive media (SIM) advisors in India by March 2012. ...and more »

3 top opthalmology chains turn TN into eye care hubmydigitalfc.comWith $50 million from Sequoia Capital India, Vasan grew rapidly since 2007. Dr Agarwal's Eye Hospital's growth has been rather slow and steady, as it grew to over 50 centres in the past few decades. It has a hospital in Mauritius as well. ...

Mid-cap firms may get more PE fundsmydigitalfc.comPE funds such as Sequoia Capital, Blackstone, Tano Capital, ChrysCapital and Standard Chartered Private Equity own stakes in the range of 10 per cent to just below 15 per cent in these companies (see chart). It is likely that these companies may raise ...

LMVH backed fund buys 25.5% stake in Genesismydigitalfc.comGenesis Colors, in June 2008, had announced an investment of Rs 110 crore from Sequoia Capital Fund, Mayfield Fund and Silicon Valley Bank in return for minority stake in the company. Genesis Luxury Fashion is understood to be in talks with five more ...and more »

GIC to pump $100m in Vasan Healthcaremydigitalfc.comThe fast-growing daycare services company had an early stage funding of $50 million from Sequoia Capital India. The pre-IPO placement will be used to fund the company's growth plans till March 2012. Vasan Healthcare has chalked out a fast and ...

Ten Indian IT firms to exhibit in UAE Internet Showmydigitalfc.comIn addition, products will be available for social media integration, search engine marketing, social media optimisation, Web 2.0, e-commerce and payments, content management systems, information security, audit and compliance, risk assessment, ...and more »

Online data doubling every two years: IDCmydigitalfc.comBy S Shyamala Jul 07 2011 Data explosion is a no-brainer to comprehend in this era of Web 2.0 that is dominated by the Twitters and Facebooks of the world. However, what blows the mind is the rate at which information is generated. ...and more »

Indian web ventures soar in value as PE funds entermydigitalfc.comPrivate equity funds are picking up stakes at renewed pace in Indian e-commerce and other website ventures amid investor frenzy in the US on internet stocks in both public and private markets. ...

IT testing industry faces risk of commoditisationmydigitalfc.comEvery software application requires testing in one form or another be it a simple web 2.0 widget or a major enterprise system. Given the necessity, Micro Focus estimates testing software tools alone to be worth $2 billion worldwide each year. ...

Sequoia, IDG invest $5m each in Sourcebitsmydigitalfc.comSequoia Capital and IDG Ventures India on Wednesday announced an investment of $ 5 million each in Sourcebits, which is into consumer and enterprise mobile applications development, with 300 engineers and ...and more »

Facebook India to transact in rupee, not dollarmydigitalfc.comAmit Bhartiya, business head - ViziSense, an online audience measurement platform, at Komli Media India, which has Facebook India as one of its clients, said the move will make Facebook a more accessible for several medium sized and smaller advertisers ...and more »

Social media opens doors for u & memydigitalfc.comAppropriately, it is called “Leveraging Web 2.0 — Social Media, Advertising and Analytics.” “The course aims to better prepare students to navigate this ...and more »

Rs1.5 cr fund for online ad firm Komli Mediamydigitalfc.comIn July 2010, the company had raised $6 million from Helion, Nexus and Draper Fisher Jurvetson. “The additional capital will be used for expansion ...and more »

Attero to make Bangalore hub for south Indiamydigitalfc.comRohan Gupta, COO, Attero Recycling said: “E-waste in India is 480000 tons and the industry is growing at more than 20 per cent and is expected to cross ...