The Venture Intelligence Blog

The Indian Angel Network (IAN) has invested in IndiaCollegeSearch (ICS), an online service that helps students with college admissions. IAN members investing in the company include Vikram Kant Upadhyaya, Anupam Mittal and Varun Khurana. Upadhyaya and Khurana will join the company’s board. ICS, founded by Anirudh Motwani and Parul Bansal in 2010, was the first company incubated by IAN. It helps students with information, application forms and other services with regard to college admissions. The fresh funds will be used to expand its existing user base of 10 lakh students and 1200 colleges. The startup joined the IAN Incubator in 2011 and was mentored by Upadhyaya. ICS claims to have information on more than 7,000 colleges and that over 5 lakh admission seekers use its platform every month. Source: NextBigWhat Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & ...

Mumbai-based social media agency Gozoop has bought Bangalore-based Red Digital, a media agency with clients across the entertainment and technology industries, for about Rs.7 crore. Red Digital currently manages digital and social media marketing for clients such as Mumbai Indians, Mirinda and Dell.  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.

Mobile accelerator Tandem Capital has added Shoptimize, a Pune-based mobile commerce platform for its six month program. Targeted at traditional merchants in emerging markets, Shopitimize is a mobile first SAAS based ecommerce solution provider. Currently, it is working with more than 20 businesses outside the US. The product directs traffic to merchant sites using content curation techniques.  Founded by Doug Renert and Sunil Bhargava in 2007, Tandem invests in six companies at the maximum with a $200,000 of seed capital per startup.  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.

Mumbai-based online graphic art marketplace Crude Area has raised angel funding from a clutch of investors including the founders of Webchutney and two angel investors from the US. The funds will be used to hire more people and invest in marketing.  The company founded by Shweta Bhandari and Nidhi Dewan in November 2012, curates art and design from around the world.  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.

Pune-based shopping discovery platform Wicfy has secured follow-on funding from multiple investors including Silicon Valley–based Ecosystem Ventures, Everest Management Fund (Switzerland) and angel groups based out of Singapore and India. The funds would be used for enhancing the platform, product development and for launching mobile app for iOS platform. Following the investment, Alexander Fries, president, Ecosystem Ventures, will join the board of the company.  Launched in 2010 by Arun Purohit and Rajeshwari Joshi, Wicfy offers a web-based price comparison and discussion platform for users to share information on prices, products and sellers across categories in Delhi, Mumbai, Bangalore, Pune and Kolkata.  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...

Chennai-based preventive diagnostics start-up XCode has raised Rs 1 crore in additional angel funding from US-based Shead Holdings and an individual investor. The capital will support the company’s upcoming launches — an anti-ageing topical application and a mobile phone-based health advice service.  Last year, Shead Holdings and R. Narayanan (of Chennai Angels) had invested $2,50,000 in the firm, which was initially incubated at the Vellore Institute of Technology. XCode’s flagship product is a preventive wellness programme identifies an individual’s predisposition to diabetes, obesity and cardiovascular diseases by doing a DNA analysis of his or her saliva sample. 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 ...

Goa-based Cubito, which offers shared cab services, has raised over Rs.1 crore in angel investment and has expanded its services to Bangalore. Cubito pools people sharing the same route and arranges for a common cab to transport them.  Source: YourStory    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.