November 24, 2014

Deal Alert: Rajan Anandan, Patni Bros, other angels invest Rs 5-Cr in Aureus Analytics

Singapore- and Mumbai-based financial analytics firm Aureus Analytics has raised over Rs 5 crore ($850,000) in an angel round of funding led by Steven Sule, partner in investment firm Naste Advisors with participation from Rajan Anandan and Nirvana Venture founders Amit and Arihant Patni. Murugappa Group scion Arun Venkatachalam also participated in the round, which was raised through deal-making platform LetsVenture, whose co-founder Shanti Mohan is also an investor in Aureus Analytics. 

Aureus, founded last year by former BFSI software specialists Anurag Shah, Ashish Tanna and Nitin Purohit, has an R&D team in Mumbai. The company provides predictive analytics and big data ready platforms for insurance companies and banks. 

 
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November 23, 2014

How Piramals cracked the Private Equity in Real Estate puzzle

From the Forbes India profile:
Given the scope of its services, while all realty funds have a takeover clause in their contracts, Piramal Fund Management has the actual capability to do so if a developer reneges on his commitment. Take, for instance, the fact that no other fund offers construction finance or has funds for specific situations like the apartment fund or the Mumbai Redevelopment Fund.  
As a result, Piramal Fund Management has Rs 12,000 crore to invest in real estate across the country. It helps that Piramal Enterprises is flush with funds and has over Rs 4,000 crore of investment riding on the venture.   
...This is particularly relevant since, as Jijina points out, work doesn’t end once the money is lent. It is important to track the investment, he says, because, for instance, the telltale signs of a default with a developer start to show far before the actual non-payment issue crops up. For instance, if cement is being diverted from one project to another, Jijina expects his employees on the ground to communicate that fact. Or if a developer is not honouring his commitments to suppliers, that must be reported back too.
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Deal Alert: Chennai Angels leads Rs.6-Cr investment in jewellery e-tailer Velvetcase

Mumbai-based online designer jewellery marketplace Velvetcase has raised more than $1 million in a funding round led by Chennai Angels. Jacob Kurian, partner at PE firm New Silk Route; Arihant Patni, cofounder of Nirvana Ventures, and Jerry Rao, former CEO of MphasiS, also participated. Velvetcase also allows customers to send their own designs, which are then converted into the final piece of jewellery. 

 
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.

November 19, 2014

Deal Alert: Flipkart founders invest in gaming start-up MadRat Games

Flipkart founders Sachin Bansal and Binny Bansal, have made an investment in an offline games start-up MadRat Games. The other investors who have participated in the funding round of about $1 million (about Rs 6.2 crore) include the founders of IT outsourcing firm GlobalLogic - Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay. MadRat, founded in 2010, started out by launching a Hindi word game Aksharit. The firm, which distributes its products primarily through offline stores, plans to use the funds for branding, marketing and expansion. Its existing investors Blume Ventures and First Light Ventures did not participate in this round. 

The company started by IIT graduates Rajat Dhariwal, Manuj Dhariwal and Madhumita Halder has launched over 70 board games, puzzles and toys. 

 
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: Blume invests Rs 3-Cr in online travel info services firm RailYatri

Blume Ventures has led a Rs.3 crore investment round in Noida-based Stelling Technologies, which owns and operates web and mobile app RailYatri.in. The company had earlier raised funding from Ujama Ventures, a Silicon Valley-based angel investment firm. Proceeds from the latest round will be used to grow the technology platform as well as for marketing initiatives. 

Founded by Manish Rathi, Kapil Raizada and Sachin Saxena in 2011, RailYatri is a web and mobile-based tool that provides consumers rail travel-related information, including, live train status. Its monetisation model is based on taxi bookings and allowing customers to order food on the go. It has tie-ups with taxi services firms across 30 cities and food vendors across 300 stations. 

 
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.

November 16, 2014

Deal Alert: Villgro invests in 7 new startups

Social enterprise incubator Villgro has invested in seven start-up taking its incubation portfolio to 10 companies. Kamal Kisab, Flybird Innovations, VectorDoc, SustainEarth, SkillTrain, MicroX Labs and Bempu, all early-stage companies, have secured funding in the range of Rs 10-15 lakh. All seven start-ups have prototypes of products that will be ready for the market over the next six-nine months. 

 
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.

Fund Alert: Bill Gates invests in Unitus Seed Fund

Bill Gates has made a personal investment in impact investment fund Unitus Seed Fund. Unitus invests in India through two funds — Unitus Seed Fund India, a Sebi-registered venture capital fund, and Unitus Seed Fund LP, an offshore venture capital fund. Gates' investment has been made in the offshore fund. The co-founder of Microsoft has joined VC investor Vinod Khosla and a group of Seattle-area techies in backing Unitus Seed Fund. 

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.

November 13, 2014

Deal Alert: Online clothing brand VoxPop raises Rs.6-Cr in fresh funding

Web-only merchandising brand VoxPop Clothing has raised INR 6 crore ($1 million) led by existing investor Blume Ventures. The funds would be utilised to increase product category in higher margin products, ramp up team and widen brand partnerships. The online portal develops and retails limited edition T-shirts in partnership with global and domestic entertainment and sports brands like Disney, Marvel and Mumbai City Football Club. Blume along with other investors had made a $400,000 (INR 2.4 crore) investment in the company last year.

 
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: YourNest, Udaan Angel Partners invest in online ads firm NLPCaptcha

Simpli5d Technologies, which operates digital ad platforms like NLPCaptcha, NLPVideo and NLPMobile, has raised seed funding led by Your Nest Angel Fund with participation from Udaan Angel Partners. The funds would be primarily used for building the team, product & infrastructure enhancement and expanding operations to new geographies. Rammohan Sundaram, CEO - IbiboAds at ibibo Group, had joined the company's board in March 2013, regulatory filings reveal. 

Source: Nextbigwhat
 
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: USF invests in e-marketplace operator for mini-trucks Blowhorn

Unitus Seed Fund has led the seed round investment in Bangalore-based Blowhorn, an online marketplace for last mile logistics. Blowhorn offers a tech platform connecting owners of mini-trucks to consumers who want to move goods. Blowhorn’s technology is currently being offered in Bangalore and can used by both consumers and by truck owners & drivers, to move goods or household possessions around the city. 

Source: Nextbigwhat.com

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.