The Venture Intelligence Blog

Sarthi Angels Venture Foundation has invested in Vadodara, Gujarat-based vegetarian Italian meal chain Neo Politan Pizza . Founded in 2012 by V-Care Group CEO Mukund Purohit, Neo Politan currently has 22 stores predominantly in Gujarat and plans to scale it up to 100 outlets nationwide by 2017.  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.

Ziffi.com, a platform that allows users to book appointments with doctors, salons and other health & wellness related services, has raised INR 15 crore in Series A from Orios Venture Partners. Ziffi had earlier raised an angel round of INR 5 crore from few angel investors, including Vishal Gondal. The company currently provides services for doctor appointments and diagnostic tests in Mumbai, Delhi and Hyderabad and is expanding into other metros and tier I cities this year. Source: Business Line 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 app maker WooMe.mobi has received funding from 5ideas Startup Superfuel along with two other unnamed investors. WooMe enables interactivity on TV channels, music, movies, movie trailers, radio, multiplexes and advertising, allowing advertisers to directly communicate to the consumers by pushing exclusive deals.   WooMe claims to have indexed over 30 million songs across genres, including Bollywood, Tamil, Telugu, English & other global music. Currently WooMe has enabled interactivity on around 25 TV channels and will scale to 100 channels by end of this year.  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.

Aspada Investment Company has made a commitment of over $2 million (Rs 12 crore) to New Delhi-based Allfresh Supply Management Pvt Ltd. Allfresh operates across the entire fresh fruit value chain from farm extension services for small-hold farmers to managing post-harvest controlled atmosphere supply chain in apple, citrus crops, and other high value fruits.  Allfresh will use the funds to deepen sourcing belts, expand into adjoining regions, and add additional fruit crops, bolster farm extension activities and augment processing capabilities over the next 24 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.

  Altruist, a leading provider of Telecom VAS platforms and services today announced the acquisition of iConnectiva a  key player in Telecom Revenue Assurance/ Fraud Management and Big Data Analytics, in an all cash deal. iConnectiva has multiple deployments across Africa, South East Asia and the Indian sub-continent. This acquisition follows the recent acquisition of Bubble Motion, a celebrity blogging company with rights to voice blogs of Amitabh Bachhan, Sachin Tendulkar, Salman Khan and over 1000 A list celebrities from across Asia. iConnectiva is the sixth acquisition by Altruist – the earlier ones being Mobile2win, Phoneytunes, RelayStrategy, Teligent AB Sweden and Bubble Motion. Dheeraj Aggarwal, Co-founder of Altruist said “We are very excited about the acquisition of iConnectiva. It is a growth stage company and is an emerging leader in cloud based analytics solutions for telecom providers. We are excited about combining the iConnectiva solution with Altru...

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.

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.

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. Clic...

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 oth...

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.

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.

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.

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.

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.

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.  Source: Economic Times   Venture Intelligence is th...

IIM Calcutta has launched an incubation centre with a focus on social entrepreneurship and incubated four social enterprises - Doctors for You , an NGO in the healthcare sector, energy solutions start-up SwitchOn-onergy , tuition firm Edwell Solutions and eco-friendly rickshaw maker Utopia . These social enterprises have been chosen from the ventures which had qualified for the final rounds of the Tata Social Enterprise Challenge, a joint initiative of the Tata Group and IIM Calcutta, which was held jointly earlier this year.  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.

Unitus Seed Fund has secured an additional $7 million in commitments for a total of $20 million for its India-focused Micro VC fund. New institutional investors include Michael & Susan Dell Foundation, Lemelson Foundation, Sorenson Impact Foundation, Deshpande Foundation, and Wadhwani Foundation. New individual investors include Amazon executive Diego Piacentini, Microsoft executives Soma Somasegar, Bharat Shah, Anoop Gupta and Nagesh Pabbisetty, Social Venture Partners leaders Todd Vogel and Lance Fors, financial services executive Geeta Aiyer, McKinsey executive Dilip Wagle, Concur Technologies CEO Steve Singh, and multiple others. Additionally, Unitus Seed Fund has raised commitments from India-based investors including T.V. Mohandas Pai (Formerly Infosys CFO), Dr. Ranjan Pai (CEO of Manipal Education and Medical Group), Hemendra Kothari (DSP Blackrock), Pramod Saxena (Oxigen), Hema Hattangady (Conzerv/Schneider), Ananda Kallugadde (Neobytes), Rajeev Bakshi (METRO Cash & ...

Recruitment startup myNoticePeriod.com has raised over INR 2 crores in seed funding led by IDG Ventures India. Other investors include Prashant Kirtane, CTO and co­founder of travelmob.com, Shamsunder Talreja, owner of JetSet Capital, Raghu Krishnananda, former Yahoo engineering leader, and Ravi Gururaj of Frictionless Ventures. As part of the transaction, Venkatesh Peddi, Vice President, IDG Ventures India, will join the Board of Directors of myNoticePeriod.com. 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.

Singapore-based angel investing group CCube Angels is raising its stake to 25% in Delhi-based start-up Omnipresent Retail India, which runs online retail portal edabba.com. Edabba sells a range of products, including electronics, personal accessories and jewellery, mostly in smaller towns and cities in states like Uttarakhand, Bihar and Rajasthan. The firm will use the funds to expand in existing markets and tap other states like Karnataka and Maharashtra.  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.