The Venture Intelligence Blog

Bangalore-headquartered cancer care specialist HealthCare Global (HCG) has bought a majority stake in the Dr Kamini A Rao-founded Bangalore Assisted Conception Centre (BACC). BACC currently has had four centres in Bangalore. The new entity, called Milann - The Fertility Centre, will expand into many more towns and cities, including Tier-II and Tier-III ones. HCG has some 27 hospitals across the country and is in the process of starting another 20 hospitals.  Source: Business Standard 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.

Delhi-based Earth Education Valley Private Limited which runs online training and certification service Edukart , has raised $500,000 in seed funding from Kima Ventures, AKM Systems, One97 and angel investors.  Edukart, founded in 2011 by Ishan Gupta and Mayank Gupta, sells courses online in different sectors including retail, finance, digital marketing and programming.  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.

Online home furnishing portal Bedbathmore.com, promoted by Encompass Design India Pvt Ltd, has raised Series A funding from Blume Ventures. Bedbathmore provides home furnishing products across various categories such as bed, bath and kitchenware. One can filter products based on brands, color, and design pattern. Bedbathmore caters to 3,000 locations and has a fulfillment house in Mumbai.  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.

Publicly listed Cigniti Technologies Ltd has acquired fellow Hyderabad-based, software testing services focused Gallops Solutions . The deal includes the acquisition of Gallop Solutions Private Limited and its US unit Gallop Solutions Inc. Akasam Consulting advised the target on the transaction. Gallop provides IT Application Lifecycle Management (ALM) services, with a particular focus on Quality and Automation. It has alliances with HP Software and Microsoft. It also resells and supports HP Software products in the ALM space. From the Deal Digest archive (March 19, 2013; via Business Standard): Cigniti Technologies Ltd (formerly Chakkilam Infotech Ltd), a Hyderabad-based independent software testing company, is looking at raising $10 million either through a preferential allotment to the existing shareholders or through a private equity placement for its inorganic growth plans. Cigniti has raised Rs.12 crore through a preferential allotment last year. Source: Press Rele...

Karthik Naralasetty's startup Socialblood, a platform that brings together blood donors and recipients, has received funding from Google India MD Rajan Anandan, Karthik Reddy of Blume Ventures, and Ravi Gururaj and Ramesh Shah of Harvard Business School Alumni Angels.  Socialblood was founded in June 2011. It captures a donor's location and places it on a map.  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.

eDreams Edusoft Pvt. Ltd ., a Bangalore-based education technology company, has raised $2 million in a second round of funding from Inventus Capital Partners, with participation from existing investor Mumbai Angles. The company, established in 2010, offers online tutoring products using technologies such as Artificial Intelligence, Machine Learning, NLP and Speech processing. Its flagship product Funtoot is an adaptive personal tutor that teaches children in a fun and interactive manner based on each student’s individual characteristics.   From the Venture Intelligence Angel Investments database: In Feb-12, Mumbai Angels had committed funding of up to INR 5 Cr to the company. Rajeev Pathak, Founder and CEO of eDreams, was the winner of business news channel BloombergUTV s business reality show The Pitch - Season 2. Source: Yourstory.in Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, ven...

Tanveer Patel-promoted Concert Care, a Birmingham-based firm that helps modest-sized medical practices improve operations, will acquire Chennai-based Novel Infosolutions , a firm of 15 employees providing process automation solutions. The move is one of the three expected acquisitions this year for Concert Care. Concert Care will receive the 8-9 clients that Novel has in Australia, Sweden and the US.  Source: Bizjournals.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.

Invictus Oncology Pvt. Ltd has raised Rs.10.5 crore from investors Navam Capital and Aarin Capital in its first round of fund-raising. The company develops chemotherapy models and will deploy the new financing to advance the development of platinum chemotherapies used in the treatment of several types of cancer, including lung, testicular, colorectal, and childhood cancers. Invictus was co-founded by Shiladitya Sengupta, assistant professor of medicine at Harvard Medical School. Aarin Capital, led by Ranjan Pai, MD and CEO, Manipal Education and T.V. Mohandas Pai, former director at Infosys, invests in companies offering innovative healthcare, life sciences and technology-based products or services. Navam Capital focuses on seed and early-stage investments in energy, technology and healthcare. Source: Mint Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & thei...

Unicommerce raises funding from Nexus Venture Partners Unicommerce, India’s leading provider of SaaS based order management and fulfillment platform today announced that it has received funding from Nexus Venture Partners, India’s leading Venture Capital firm.  Unicommerce was founded in 2012 by 3 classmates from IIT Delhi -Ankit Pruthi, Karun Singla, Vibhu Garg. Their flagship product Uniware is an easy to deploy web based solution that manages the complete order fulfillment lifecycle. Companies can easily manage vendors, procurement, inventory, warehouse, shipments and returns. This enables enterprises and their customers to keep track on a real time basis of pending orders, order fulfillment and shipment status. The platform auto updates inventory and order status across the entire supply chain removing possibilities of stock outs. Uniware is being used by e-commerce companies and retail businesses, as well vendors who supply to them -clients include Snapdeal.com, J...

Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector, which is raising a Rs.125 crore fund, had its first closing at Rs.75 crore. Infuse Ventures, jointly promoted by BP Plc, IFC, ministry of new and renewable energy, Technology Development Board and IIM-A, will invest capital in companies across India and actively incubate ideas from scratch. The fund will invest in the range of Rs.50 lakh to Rs.6 crore and will take stake between 20% and 30%.  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.

Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector, along with International Finance Corp (IFC), has invested $1.6 million in smart grid technologies provider Ecolibrium Energy Pvt. Ltd, which has been incubated at the Centre of Incubation, Innovation, and Entrepreneurship at IIM-A. Ahmedabad-based Ecolibrium Energy offers technology-enabled solutions that help meet the needs of utilities and grid operators who deliver energy and are responsible for maintaining the real-time balance between supply and demand. The platform is hosted on remote servers and available through the Internet. A customer can access this system from any part of the world. The company has at least 50 clients across India in one year of commercial operations. Source: Mint Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A)...

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.

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.

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 Fre...

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 Dig...

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.

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.

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.

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 Co...

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 Valuati...

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.

The two founders of online travel website Via.com, Vinay Gupta and Amit Aggarwal, have moved out of active roles at the VC-backed company and will soon launch a travel related venture out of Singapore. Earlier this year, Via promoted COO V Swaminathan as CEO, and CEO Vinay Gupta was named chairman. Co-founder Amit Aggarwal, formerly CTO, was named board observer.  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.

Mobile contacts management app SyncUsUp, which was a finalist at the Harvard Business School-New Venture Contest held last month in Boston, is to become the first company to be incubated at Frictionless Ventures, an incubator set up by former Citrix executive Ravi Gururaj. Frictionless Ventures will invest $50,000-250,000 in ideas focused on sectors like cloud computing, mobility and big data. 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.

Mumbai-based Alacrity Securities has filed the DRHP to issue 60,00,000 equity shares of Rs.10 each for a cash price of Rs.15 aggregating to Rs.9 crore, constituting 28.57% of the post issue paid up capital of the company. Guiness Corporate Advisors is the lead manager to the issue. The company will be listed on the BSE SME platform.  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.

Mumbai-based PriceBaba , a location-based shopping intelligence engine, has raised funding from seed fund and accelerator 500 Startups and existing angels Karamveer Singh and Dinesh Tejwani. This follows an earlier seed round raised from a group of five angel investors this January. Following the 500 Startups investment, PriceBaba, founded by Annkur Agarwal and Tirthesh Ganatra, joins the firm’s business accelerator in Mountain View.  Apart from Singh and Tejwani, PriceBaba’s other angel investors include Aditya Mishra (founder of Mumbai startup SwitchMe.in), Ashutosh Rathi (Basil Partners) and Ranjeet Walunj (TSS Service Solutions). The three have not participated in the current round of funding but remain invested.  Source: Startup Central 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...

Ahmedabad-based dry waste management firm Nepra Resource Management is looking to raise $9-10 million and is in talks with both impact investors and commercial VC funds. Every day, the startup, which operates under the Let’s Recycle brand, collects an assortment of discarded items such as plastic bottles, cans, tetra packs, bubble wrap and batteries and makes them recycle-worthy. It collects an average of 5-7 ton of such dry waste daily and expects to up its volumes to 15 ton a day in a couple of months.  In January, Nepra had raised an undisclosed amount in funding from Mumbai-based impact investor Aavishkaar, which reportedly acquired a 15% stake. The funding was used primarily to prove the business model and set up a material recycling facility. Aavishkaar is expected to participate in the next round of funding.  Source: Startup Central Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equit...

Mumbai Angels, along with a group of unnamed US-based angels, has invested around Rs.5 crore in Yoga Smoga , a yoga-inspired athletic apparel and accessories company founded by US-based Indian-origin entrepreneur Rishi Bali. This is the fifth international investment for the angel group.  Yoga Smoga was founded in 2010 as a designer and manufacturer of athletic clothing. It has developed a high technology fabric that is a mix of Supplex, a synthetic fabric that is stretchable and fast-drying, and Lycra. The company also claims to use nano technology to ensure moisture management, which makes their workout clothes dry quicker.  Founder Bali is a former Goldman Sachs employee, who had earlier started an early-stage venture fund Bali Investors Group.  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 Valuation...

Mountain Apollo, a joint venture investment firm formed by the promoters of Delhi-based Apollo Tyres and Switzerland-based asset management firm Mountain Partners AG, has invested in Purple Panda Retail Pvt. Ltd, a Noida based firm retailing fashion lingerie, innerwear and nightwear online under the brandname of Cloe . Founded in 2012, Cloe Lingerie is led by its Founding Director & CEO Neha Kant.  Source: Press Release   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.

AR Rahman & Shekhar Kapur’s media startup Qyuki has raised angel funding from former Disney India MD (Digital) Samir Bangara who will also join as company’s the new CEO replacing Poonacha Machaiah.  Launched in December 2012, Qyuki aims to offer a platform for artists to share their content, connect to people with similar creative interests, view creations from various other artists, and collaborate with them to create content. Qyuki had raised an investment from Cisco in February 2012.  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.

FoodPanda, an online food delivery site promoted by European VC firm Rocket Internet, has secured more than $20 million funding from a group of investors including AB Kinnevik and Phenomen Ventures. The company focuses especially on emerging markets, operates together with its affiliated brand hellofood already in 27 countries on four continents and reaches about three billion people worldwide. It plans to use this investment to expand to other countries and optimize its customer service. AB Kinnevik owns a 24.2% stake in the parent company, Rocket Internet. The company had launched its Indian operations in June 2012, after being in stealth mode for a few months. At launch, FoodPanda was limited to Delhi and listed 232 restaurants in the city. It claims to offer online food ordering service for around 1,800 restaurants across 10 cities in India including Bangalore, Delhi, Noida, Hyderabad, Mumbai, and Pune among others. Source: Press Release , Medianama   Venture Int...

Kochi-based Startup Village, the telecom sector focused start-up incubator promoted by the central government’s Department of Science and Technology, Technopark Trivandrum and MobME Wireless, has received market regulator SEBI’s approval for its $10 million angel fund, with a greenshoe option to increase the corpus to $20 million. It will invest between $20,000 and $250,000 per company.  The proposed fund will start investing in telecom and Internet companies once $2 million is raised as part of its first close. KPMG and ILFS are advisor and trustee to the fund respectively. Infosys co-founder and Start-up Village chief mentor K Gopalakrishnan, mobile VAS startup MobME, Ravi Pillai, founder of the Rs.16,000-crore Bahrain-based RP Group and other angel investors will be part of the fund.  Source: Startupcentral.in Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M...

Hyderabad-based Helical IT solutions , a data warehousing and business intelligence services firm, has raised Rs.25 lakh from a Singapore-based angel investor.  The company, incorporated in October 2011 became operational in November 2012. It provides business intelligence, data warehousing, data visualization, data modelling and business intelligence using social media tools. The company was co-founded by Nikhilesh Tiwari and Nitin Sahu, both MBAs from the Symbiosis International University in Pune. The funds will be used to hire and build infrastructure.  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.

Joognu.com , a photo storage portal that also allows customers to upload important documents or write diary thoughts, has received investment from Indian Angels Network (IAN). Joognu was started by Anirvan Dam who was formerly with Radio Mirchi. The venture made Rs.18 lakh revenue in the first year by selling membership at various price points. Joognu also has an Android app which allows users to share photos, videos and diary writing through the app. 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.

Global non-profit Accion, through its seed capital initiative Venture Lab, has invested in Varthana , which provides loans and support to affordable private schools in India, promoting access to and affordability of quality education for the poor. Bangalore-headquartered Varthana was founded by Steve Hardgrave and Brajesh Mishra. Source: Press Release 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.

Yahoo has acquired the popular San Francisco-based mobile task management app firm Astrid . The app is set to continue as normal for the next 90 days but will no longer accept new premium subscriptions. Astrid has notched up around 4 million users since it was launched in 2008. The to-do list app has the ability to sync entries across platforms and allows users to share lists. Its iOS version is also able to add task entries from the user's voice using Siri.   From the Venture Intelligence PE Deal database: In Jul-11, Nexus Venture, along with Others Google Ventures and angel investors including Jack Herrick of wikiHow; has invested in Astrid  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 Newslette...

Bluegape , a fan merchandising store that allows users to create customized products, has raised a seed round from finance professionals Aniket Khera, Rahul Bhatia and an unnamed internet entrepreneur. Bluegape was a part of the TLabs accelerator where it had got a financing of Rs.10 lakh. The funding is in the form of convertible notes.  The New Delhi-based company was started in August 2011 by Sahil Baghla and Ayush Varshney. It has generated traction across India and does around 150 transactions a day with 1.5 lakh unique hits every month.  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.

Designer jewellery and accessories portal Voylla.com has raised Rs.2.5 crore from Pune-based Snow Leopard Technology Ventures. Chris Kolenaty, Partner, Snow Leopard Technology Ventures, will join on Board of Directors of Voylla. Voylla.com was founded in 2012 by two ex-amazonians Vishwas Shringi and Raj Uparkar. It offers a broad variety of jewellery, including gold-plated metal or pure sterling silver set with gemstones and diamonds.The portal also sells accessories such as clutches, handbags, shawls and stoles, etc. The company raised an undisclosed round (approx. Rs.1 Cr) last year from an unnamed Indian serial entrepreneur. Source: iamwire 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.