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. 

 
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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. 

 
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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. 

 
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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

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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.

November 12, 2014

"Incremental reforms will push up growth, but fail the youth": Former Chief Economic Adviser Shankar Acharya

Writing in Business Standard, former chief economic adviser to the government Shankar Acharya has evaluated the notable economic and financial developments during the first six months of Modi Sarkaar. Extracts:
Both the July Budget and subsequent developments have made plain this government's aversion to attempting "big bang reforms" through legislative amendments to populist entitlement laws (rural employment, food security, education), the onerous new land acquisition act, the Indira Gandhi vintage, job-destroying central labour laws or even the notorious, retrospective "Vodafone amendment". However, since the disappointing July Budget, clear signs of a pragmatic, incremental approach to policy improvements have emerged.
...Will incrementalism work? That's the big question. As Zhou Enlai reportedly said about the success of the French Revolution, it's too early to tell. One has also to ask whether there really is an alternative? The so-called "big bang reforms" of the early 1990s relied more on administrative measures (within the framework of extant legal authority) than on legislative changes. The latter are always more challenging for a government, especially when the ruling party is far short of a majority in the Rajya Sabha. One can also take hope from Mr Jaitley's recent reported statements that where legislative amendments are deemed essential (as perhaps in the case of the land acquisition act), they will be vigorously pursued.
My guess is that this multi-strand, incrementalist approach could achieve quite a lot. Economic growth may rise from 5-5.5 per cent this year to 6-6.5 per cent in 2015-16 and perhaps cross seven per cent by 2016-17. But such improvement will not yield the pace of job creation that the "youth bulge" requires. For that we need a more urgent and focused dismantling of constraints to labour-intensive manufacturing, whether they be labour laws, infrastructure deficiencies, foreign trade restrictions or skill shortages.
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Deal Alert: Kalaari Capital leads Series A funding for online payments firm Instamojo

Kalaari Capital is leading the Series A funding for Mumbai-based Instamojo with participation from existing investors Blume Ventures and 500Startups. Two-year-old Instamojo helps small business owners, like private tutors and office lunch service operators, collect payment directly from their customers by sharing a link through their website, social media and mobile channels such as SMS or WhatsApp.


 
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: Outbox Ventures, angels invest $400-K in travel site Tripoto

Travel community portal Tripoto has raised seed level funding of $400,000 led by Outbox Ventures with participation from Palaash Ventures and angel investors. Tripoto provides a platform for travellers to share and discover travel itineraries & stories, plan their trips, upload travel photos and maps, write reviews and connect with like-minded individuals. Angel investors that participated in this round include Kunal Bahl and Rohit Bansal – Founders of Snapdeal; Sachin Bhatia – Founder, Makemytrip; Shanti Mohan – Founder, LetsVenture; Nikunj Jain – Founder, Inoxapps; Arvind Vohra – Director, Gionee India and Romi Mahajan. 

Tripoto was founded in 2013 by ISB alumni Michael Lyngdoh and Anirudh Gupta. The website claims around 300,000 monthly unique visitors and over 650,000 unique page views.

 
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.