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August 17, 2016

Stellaris may raise $10 million from Software Giant SAP SE: Mint

A Mint article titled Stellaris may raise $10 million from SAP quotes Venture Intelligence data on Venture Capital Investments in 2016:
According to data from Venture Intelligence, venture capital investments in the first six months of 2016 were down to $634 million from $958 million in the same period last year.
Other Excerpts from the Article:

Goyal was the COO of SAP India Pvt. Ltd from January 2010 to December 2012, according to his LinkedIn profile. Overall, he spent almost nine years at SAP.

On 3 August, The Economic Times reported that Infosys Ltd has begun talks with Stellaris to invest in its fund. The software services company could invest up to $15 million in the fund, which is raising funds from both local and global investors, the paper reported. Infosys will be investing from its $500 million Infosys Innovation Fund, set apart for early-stage investments, and it will be the second such deal by the company, the report said. In December 2015, it backed Silicon Valley-based early-stage venture capital firm Vertex Ventures.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.