The Venture Intelligence Blog

RVCF has invested for significant minority stake from SME Tech Fund in Pune based SoftTech Engineers Pvt. Ltd., which is India’s leading Civil, Construction and Infrastructure ERP Software Product Company. SoftTech Engineers has array software products under the names of AutoDCR, Opticon, PWIMS. Various leading Municipal Corporation, Government Departments of Various States, Architects and Builders are using the products developed by the company in India and Gulf countries.  Commenting on the transaction Mr. Vijay Gupta, CEO, SoftTech Engineers said that “The Company has been witnessing growth from both its institutional clients including the Municipal Corporations in various States, Government Departments, etc and private markets wherein Builders and Architects and construction companies have shown demand for such software products developed by SoftTech Engineers . The capital infusement from RVCF II will help the company increase sales and marketing -specially oversea...

Online vendor for fresh fruits and vegetables Greencart has secured US $1.5 million in its first round of funding from Techno Group. The funds will be used in expanding operations and distribution channels besides to augment the sourcing network. The Mumbai-based portal, founded by Rajiv Tevtiya, Kiran Tevtiya and Devidas Mule, went live in 2013 and offers more than 1,500 products in over thirty categories. Greencart claims that its products come with an adulteration free assurance and maintain international standards of freshness and hygiene. The products are currently delivered across Mumbai, Navi Mumbai & Thane.  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....

Angel investors Ronnie Screwvala and K Ganesh have seed funded Oximity, a global online media startup for user-generated news. Co-founded by former Wall Street banker Sanjay Goel and German IT entrepreneur Christian Hapke, Oximity connects sources of news directly to readers in over 180 languages globally. The US-based start-up rides on technology to create a large network of self-empowered news writers and readers. Started six months ago, Oximity has more than 2,500 writers generating 700 news stories daily. Its writers and readers are spread across 200 countries, while the company has existing offices or staff in Berlin (Germany), London (UK), San Francisco (USA), Ramallah (Palestine), Moscow (Russia) and Guangzhou (China). Users can write stories for themselves or on behalf of their organizations. Oximity helps in monetizing their content while charging users on a 'freemium' model — free basic services and top up charges for the rest.  Source: Times of India   ...

Indix Corporation , a SaaS + Big Data product intelligence platform company, today announced that it has closed $8.5 million of a $9 million Series A-1 round of financing,co-led by Avalon Ventures and Nexus Venture Partners. This investment will allow Indix to scale its R&D and go-to-market activities.  Founded in 2010, Indix is based in Seattle with a product development and engineering team in Chennai, India. Since the launch of its platform in October 2013, the Seattle office has grown to nine employees and the company now employs a total of forty-six people in India and the United States. Indix’s product offerings include a product intelligence application for brands and retailers, and APIs for products, prices, promotions, stores and more to power business systems and consumer applications. Indix’s current customers include some of the world’s top 50 Internet brands and retailers. “Our mission at Indix is to organize, analyze, and visualize the world’s product in...

TLabs, the start-up accelerator run by Times Internet has announced its 5th batch. Here are the details of the firms in the Spring 2014 batch:  Fashupp : a social fashion platform to discover and create interactive make-ups of latest fashion trends and looks. Fashupp provides catalogue of more than 200 thousand apparels and accessories currently.  ParallelDots : a tool that allows any content archive to be presented in a story. For publishers and bloggers, it automatically creates timeline of any event using their archives.  Vidgyor : enables broadcasters and content distributors monetize live TV streams by inserting targeted mid-roll ads on any Internet-connected device.  Ghar360 : a cloud-based 3D augmented reality platform for home design that allows users to customize and visualize their home before they buy or build.  Spayee : enables institutes to set up cloud based smart digital libraries comprising of eBooks and other educational c...

Chennai-based Everest, which works under the brand QED has developed a range of tools that have been used at by over 20,000 children in 100 schools so far. About a fifth of these schools are government-run, a category that Everest hopes to focus more on by establishing science centres that will act as a node for a cluster of government schools. Everest will use the funding to set up science labs in schools across Tamil Nadu, Karnataka and Kerala.  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.

Bangalore-based education start-up Skyfi Labs has raised funding from angel investor network Chennai Angels, as well as investment bank Spark Capital. Started in 2010 by IIT-Kanpur graduates, Skyfi provides engineering students hands-on training in courses ranging from robotics, aero-modelling and mobile app development among others. It has trained over 25,000 students from across 150 colleges. The firm will use the current round of funding to expand to 1,000 new colleges, and to strengthen its back-end technology.  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.