The Venture Intelligence Blog

Bangalore-based Kuliza , a social technology firm with expertise in building web, mobile and social media apps, has received an investment from Blume Ventures. Kuliza will be utilizing the raised funds in further expanding globally and building digital marketing tools.  Founded in 2006, Kuliza is focused on helping companies leverage technology support in the areas of social software, community platforms, mobile apps, and cloud computing. In 2011, it had acquired another Bangalore based startup Gizapage, which provides a social platform for brands.  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.

Gramco Infratech Pvt Ltd (Gramco) , a rural-focused company that creates infrastructure to support farmers, has raised Rs 15 crore in its first round of equity funding from Samridhi Fund. The funds raised will be used to construct agri-warehouses in Madhya Pradesh and to meet its working capital requirements. Intellecap was the sole financial advisor to the deal.  The Samridhi Fund has been launched as a private sector development programme by Department for International Development (DFID) in partnership with Small Industries Development Bank of India (SIDBI). 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.

Edited extracts From the  Press Release: VoxApp, a Delhi-based startup that has developed a platform to enable brands & research companies  undertake consumer feedback studies on the mobile phone, has raised a round of funding from a syndicate of domestic and foreign investors including Blume Ventures, Narayanan Shadagopan (MD, Pragati India Fund), Palaash Ventures, Sachin Bhatia (entrepreneur, co-founder - MakeMyTrip), US-based investors Ramesh Haridas (CEO, Parakweet, NY), Vikas Taneja (MD, BCG Boston). The startup is also backed by Sidharth Rao, CEO, Webchutney.  VoxApp will use the funds for further product development.  The startup was founded in December 2012 by Madhu Sudhan, formerly Principal at Pragati India Fund with co-founders who have worked in Slideshare and SAP Labs. The company has completed the beta launch of its enterprise product and is working with leading research agencies in deploying the product. "We started VoxApp to provide r...

Mumbai-based online beauty and personal care e-tailer Purplle has raised its first round of funding from seed fund Blume Ventures and angel networks Mumbai Angels and The Chennai Angels. The company, founded in early 2012 by Manish Taneja and Rahul Dash, offers personal care products ranging from make-up to electronics from over 400 global brands.  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.

New Delhi-based Airwoot , a startup that helps brands provide customer support on social media, has raised funding from investors led by Kae Capital. Top angel investors like Google India managing director Rajan Anandan, Sasha Mirchandani, Sunil Kalra and Samir Sood participated. The company, which enables businesses to engage with their customers in real-time, will use the funding to develop technology and hire talent. Saurabh Arora co-founded the company in 2012 along with Prabhat Saraswat. 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.

Seed fund Blume Ventures has disclosed that it has invested in 12 ventures in the first six months of 2013.  Infollion: Delhi-based Infollion brings together buyers and sellers of research services or products on the same platform. Batchcar: Mumbai-based Batchcar (earlier called SharedCab.com) is a provider of shared taxi service. Co-investors: Kae Capital, individuals. NowFloats: Hyderabad-based NowFloats is a location-based mobile service which looks to provide relevant and contextual information to users based on their current location and time. Co-investors: Mumbai Angels, individuals. Explara: Pune-based Explara (earlier called Ayojak.com) is a platform for event ticketing. Co investors: Harvard Business Alumni Angels. SkoolShop: Mumbai-based SkoolShop aims to help parents and children access educational products in a convenient manner.  Paletly: The Mumbai-based company’s e-commerce website allows women to buy apparel and other accessories cre...

Drums Food International, owner of the Hokey Pokey brand of ice cream, has raised less than a million dollars from investors led by Peter Rajsingh, a partner at New York-based Castellar Partners and Professor at New York University. Other investors include Shripad Nadkarni, a former marketing head at Coca-Cola India and Apurva Salarpuria, director at the Salarpuria Group. The company, promoted by Rohan Mirchandani, plans to raise more funds by end of the year.  Hokey Pokey has 20 outlets across Mumbai, Thane, Pune and Nashik and the national capital region (NCR) in partnership with Barista and plans to have 50 outlets by end of the year.  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 Trans...