September 17, 2014

Deal Alert: The Hive, Infuse Ventures, Persistent Ventures invest in “IoT” startup Altizon

Big data incubator The Hive has led seed funding in Pune-based Altizon Systems which offers solutions for enterprises adopting the Internet of Things (IoT) including for remote monitoring of devices. The round received participation from Infuse Ventures and Persistent Ventures, an unit of publicly listed Persistent Systems which has invested $100,000 (about INR 61 lakh) for a 4% stake. 

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: Kalaari Capital invests $1-M in customer support app firm Haptik

Kalaari Capital has invested $1 million in the first round of equity financing for Mumbai-based customer support app firm Haptik. The company’s in house team of experts who get back to you via text message (like with popular messaging app WhatsApp) with any information regarding 180 companies across 12 categories such as Telecom, Electronics, Banking, E-commerce, et. The average response time is under 4 minutes. The new funds will primarily be used for scaling the app across India, building the chat operations center, and developing new product features.

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.

September 15, 2014

Deal Alert: Diagnostics services aggregator DoctorC raises Rs 2.5 Cr seed round

Hyderabad-based diagnostics services aggregator DoctorC has raised Rs. 2.5 crore in seed-financing via convertible notes. The round was led by California-based Leviathan Investments headed by Anil Dharni, Ram Gudavalli and Andrew Keidel, the founders of mobile gaming startup Funzio. 

Other investors include Bangalore-based Splice Advisors and Indian Angel Network member Sanjay Jesrani, founder and CEO of Go North Ventures. DoctorC offers a website where people can look for the best deals in diagnostic tests by comparing prices and discounts offered by testing laboratories. It was started in 2012 as a platform for sharing of MRICT services by Neehar Cherabuddi, previously an engineer at Siebel CRM, Mansi Gandhi, Karan Kurani and Manya Cherabuddi. 

Source: Times of India

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: E-commerce enabler TargetingMantra raises $1.1 M from Nexus, 500Startups, One97

TargetingMantra, a data analytics, and personalization service for on-line companies has closed a $1.1mn funding from 500Startups, Nexus Venture Partners and One97 Mobility Fund. TargetingMantra’s omni-channel personalization suite analyzes multiple data sources including user behaviour across web, mobile and other places to showcase the most relevant information and products to a user, thereby improving user satisfaction and increasing conversion rates and revenues for e-commerce players. 

With clients across India, South-East Asia, Brazil and USA, TargetingMantra has delivered tremendous benefits to e-commerce clients in travel, lifestyle, fashion, baby products, cosmetics, marketplaces, and home furnishings. The company has helped these clients increase conversion rates and monthly revenues. 

TargetingMantra’s founding team consists of serial entrepreneurs who have previously worked at Amazon’s core personalization team, Rocket Internet portfolio companies and other consumer brands. Co-founder & CEO, Saurabh Nangia says “Personalization can drive up to 30% of revenues for e-commerce companies that do it well. Personalization not only helps a company increase conversion rate but also helps in building customer loyalty and increasing the average order value. Customers today face the problem of plenty with respect to the choices in online-purchase space. This results in customer fatigue and hampers buying decision. Showcasing only the most relevant products helps in fast purchase decisions and great customer experience”. 

Says Naren Gupta, Co-founder & MD, Nexus Venture Partners, “Intelligent use of data is the future of everything on-line and mobile. An ability to customize product offerings, news and other information while protecting privacy is the holy grail of e-businesses worldwide”. 

Dave McClure, Founding Partner, 500Startups, adds, “TargetingMantra helps ecommerce businesses make more money by providing automatic personalization & recommendations, but without having to pay for a nuclear bunker full of data scientists. Leave the rocket science to them, and get back to work."

Vijay Shekhar Sharma, Managing Director of One97 Mobility fund said "Data is being collected by everyone. However making effective use of that data is something TargetingMantra showed us at PayTM/One97 and we believe the future is in such effective and intelligent usage of data. We are happy to be a partner in their journey forward." 

Mobile drives between 30-50% of all online sales and its role will become increasingly dominant in the future. A seamless experience becomes critical. TargetingMantra offers omni-channel personalization via web, iOS and Android. 

TargetingMantra plans to use the funding to continue developing its core offering and developing new products in the targeting space. 

The Silicon Valley and New Delhi based company has stalwarts like RajanAnandan (MD Google India), Ankur Warikoo (Head, Groupon Asia-Pacific) and Gaurav Agarwal (former Farmville MD) as advisors.  


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.

September 10, 2014

Deal Alert: IAN invests $500-K in fieldforce management software maker Fareye

Indian Angel Network has invested in Delhi-based RoboticWares which operates FarEye Mobi, a mobile enabled solution for field workforce management. The investments will primarily be used for upgrading sales, enabling client acquisition and product development. IAN investors, Nitin Jain and Piyush Chawla led the investment round and will also join the Fareye board. 

Source: Nextbigwhat, 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: Ratan Tata buys into e-jewellery co Bluestone

Ratan Tata has made a personal investment in online jewellery retailer Bluestone. Tata, 73, now chairman emeritus of Tata Sons, has subscribed to fresh shares of the three-year-old e-commerce player which sells jewellery targeted at women buyers. The Bangalore-based company is seed-funded by the serial entrepreneur duo Meena Ganesh and K Ganesh. 

Source: Times of India

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.

September 08, 2014

Deal Alert: Education consulting firm Protract raises capital

Gurgaon-based education management outsourcing firm Protract Consulting Private Ltd has raised seed capital from angel investors. Madison Street Capital acted as the exclusive advisor to Protract Consulting. 

Protract provides strategic advisory services to established educational organizations including Academic and corporate restructuring, accreditations, brand management, e-learning platform creation, etc. The company is also in the process of setting up a Green Business School.

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: Sarthi Angels invests in compressed air company M.R. Organisation

Gujarat-based M.R. Organisation (MRO), a player in the compressed air market, has raised angel funding from Sarthi Angels Venture Foundation. MRO manufactures and distributes reciprocating and screw compressors aftermarket replacement non-genuine parts & kits. Founded by Mayur Kamdar and Rasesh Shah, the company has a collection of over 40,000 aftermarket replacement non-genuine parts & kits of more than 29 global air compressor brands. Its distribution network spans 16 states in India and 68 countries. 

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, Qualcomm invest in e-com enabler Snapbizz

Blue Ventures has revealed in its latest investor repprt that it has invested, along with Qualcomm Ventures ands Singapore-based Taurus, in e-commerce enabler SnapBizz Cloudtech Pte Ltd . The Banaglore- and Singapore-based SnapBizz is co-founded by former Qualcomm exectuives Prem Kumar (CEO) and Yashwanth Prakash (COO). 

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.

September 07, 2014

Deal Alert: Villgro backs Ujjeewan Healthcare, Aindra Systems, Scholowiz Educational

Social enterprise incubator Villgro has invested in three startups - Ujjeewan Healthcare, Aindra Systems and Scholowiz Educational Solutions. It is targeting to invest in 25-30 more startups by the end of the fiscal year. The new investments range between INR 6 and INR 8 lakh, to be used to scale up businesses. Villgro will work with these startups to build business models and go-to market strategies around their ideas. 

Ujjeewan provides telemedicine and primary medical services in West Bengal under the brand 'Healthypariwar'. Aindra is developing a device that can be deployed at low cost to assist with screening and detection of cervical cancer among women. The project is at the proof-of-concept stage and Aindra plans to use the funding to build a working prototype of its device. Scholowiz, which provides professional development programmes for teachers, has completed a pilot programme in eight schools. 

 
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.