Deal Alert: EDA software firm SoftJin sells Photomask, Lithography units to US-based Mentor Graphics

SoftJin Technologies Private Limited, a Bangalore-based company providing "EDA" software and design solutions enabling semiconductor design and manufacturing, has sold its Photomask and Lithography related Software Products business to Mentor Graphics Corporation of Oregon, United States. The transaction, which was closed in April 2013, included the acquisition of all SoftJin's Post Layout EDA software products including Nirmaan Software Development Toolkit, NxDAT Defect Analysis Tool and NxMDP Mask Data Preparation Tool Suite. Nishith Desai Associates acted as legal counsel to SoftJin for this transaction. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Rediff reveals realization from Adnear stake sale as $1.14 M

Rediff.com has sold its stake in Adnear (previously known as Imere), a location based company which it had bought a minority stake in, in 2009, for $1.14 million. The sale happend In November 2012 when AdNear had raised Rs 35 crore (around $6.2 million at current levels) from Sequoia Capital India and Canaan Partners. AdNear offers location based mobile advertising solutions in India, Singapore, Australia and other Asia-Pacific countries, and leverages precise location, behaviour, and profiling of consumers, to assist advertisers in reaching relevant audience.

Source: Medianama

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Kae Capital picks up minority stake in CultureAlley.com

Seed fund Kae Capital has invested in Jaipur-based Intap Labs Pvt. Ltd for a minority stake. Intap Labs, a year-old start-up, runs a language-learning platform CultureAlley.com that it launched in November. The portal claims to have over 100,000 users across 210 nations.

CultureAlley has a cloud-based platform that enables interactive language learning through self-paced audio-visual lessons and can help one learn any language including English, Spanish, Mandarin, Hindi, Japanese, Italian, French and Korean.  

From the Venture Intelligence PE Deal database: Kae Capital has concluded its $0.5 million investment in CultureAlley in April 2013. Sasha Mirchandani of Kae capital has joined the board. 

Source: Mint

 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Villgro invests in neonatal device firm Windmill Health Tech

Villgro Innovations Foundation is to make an equity investment in Windmill Health Technologies, a Delhi-based startup that has created an affordable, neonatal resuscitation device. Branded NeoBreathe, the device enables frontline health workers to resuscitate newborns effectively. Windmill Health was founded in 2012 by Dr. Avijit Bansal (who had earlier worked at Fortis Hospitals) and bio-design expert Ayesha Chaudhary. 

It is estimated that 6 million children across the globe suffer from birth asphyxia each year resulting in 904,000 deaths and leaving many more disabled for life. The worldwide market for pulmonary resuscitators is estimated to be $2 billion (as of 2012) of which bag valve masks constitute 40%. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Comparison shopping firm ShoppingWish raises funds from Sandeep Johri, others

Wishpoint Tech Pvt. Ltd., which runs price comparison portal ShoppingWish.in, has raised angel funding from Sandeep Johri and other angel investors. Founded in June 2012 by Sushil Choudhari and Madhur Khandelwal, ShoppingWish is a price comparison search engine for consumer products such as camera, computer, mobiles, appliances, and also for personal care and entertainment.

Source: Medianama

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Singapore’s JFDI.Asia to incubate 3 Indian cos

Singapore’s Joyful Frog Digital Incubator, commonly referred to as JFDI.Asia, is to incubate three Indian startups for its current batch. The companies include AskAbt, a community networking platform; healthcare services facilitator MyFitnessWallet and medical practice software maker DocTree. 

 The chosen companies enter a 100-day program out of which 60% manage to secure follow-on funding. 

Source: Economic Times

 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Mayfield invests in The Beer Cafe

Gurgaon-based BTB Marketing Pvt. Ltd., which runs QSR chain cum beverage store The Beer Cafe, has raised funding from Mayfield India Fund, regulatory filings reveal. Vikram Godse of Mayfield has joined the BTB Marketing board. The five-year-old Beer Cafe currently operates four outlets in and around Delhi/NCR. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: 500 Startups adds Seat14A, School Admissions, Tushky to investee list

500 Startups has released the list of companies for the next batch of companies for its startup accelerator program. Twenty-eight companies feature in this batch, of which 20 are international. It is the first time that 500 startups has invested in middle-eastern and African startups; 2 companies from Jordan and one from Ghana. Apart from this, five Indian startups have been selected as a part of the program. 

 The five Indian startups are: 

Credii – Software and services requirements business intelligence 

Tushky - Self­service online platform to monetize free time by offering interesting activities

Pricebaba.com – Location based product search engine 

School Admissions - Making school admissions and education tension free 

Seat14A - A complete and affordable ensemble for the discerning man every week 

Source: Yourstory.in 

 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Poovayya, AZB partners invest in legal education venture Rainmaker

Mumbai-based Rainmaker, which creates specialized learning material for law universities, has raised seed funding of $3 million (Rs.16.4 crore) across three rounds from a mix of family, friends and angel investors. The company’s backers include Sajan Poovayya, the additional advocate-general for Karnataka and managing partner of law firm Poovayya and Co, as well as Bahram Vakil, one of the cofounders of corporate law firm AZB & Partners. 

The four-year-old company, founded by law school graduate Nikhil Chandra, focuses entirely on online delivery of lessons. It creates specialized content for specific courses, such as securities, merger & acquisition, as well as trade law that are delivered as short- duration courses for university students. 

Soucre: Economic Times 

 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Aditi acquires cloud computing focused IT Services firm Get Cloud Ready

Bangalore-based Aditi Technologies has acquired Get Cloud Ready, a Hyderabad-based cloud operations consulting firm. The deal, Aditi’s second major cloud consulting acquisition since Cumulux in 2011, is aimed at bolstering Aditi’s offerings for migrating and managing complex, cross-platform deployments on cloud. 

Get Cloud Ready Consulting was founded by Janakiram MSV, a former Microsoft and Amazon employee. The acquisition will add AWS and cloud operations management capabilities to Aditi’s cloud consulting business.

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.