The Venture Intelligence Blog

AppDra Software Solutions Pvt Ltd , a Bangalore and US-based app development start-up, has raised $1.5 million in Series A financing via Becovillage, a crowd-funding platform. Co-founded by Raghavendra Prasad and Narendra Yallabandi, AppDra designs and engineers a range of mobile solutions varying through an enterprise cloud solution for iPad, a game for Android, or anapp for iOS. In the web domain, the company has an array of solutions across designing, developing and engineering Internet Apps, websites. It also offers SEO services, aligned to specific businesses.  Source: Fortune   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.

SocialCops , a data and analytics startup, has secured a seed funding of $320K from 500 Startups, Rajan Anandan, Manoj Menon and others. It leverages the power of technology, mobile and social community to enable better decision making, backed by high quality data sourced from the grassroots. SocialCops has successfully completed a pilot with Municipal Corporation of Delhi and is now in talks with the Government of Karnataka and other bodies. The current round of funding will help SocialCops to focus and scale quickly.  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.

IDG Ventures India and Inventus Capital Partners have invested $2 million (about Rs 12 crore) in Mumbai-based SaaS and big data analytics venture Peel-Works. Proceeds from the Series A round of funding will be used by the company, which is also backed by the Indian Angel Network, to further build its product and analytics platform, strengthen its management team and enter international markets. The company expects to have a presence in the US and South East Asia geographies in the next six to 12 months.  Founded in 2010 by Sachin Chhabra, who was earlier with Hindustan Unilever, Peel-Works counts companies such as Tata Sky among its clientele. It had earlier raised about $1 million from IAN in 2011. The company has built a SaaS based salesforce transformation and analytics platform that provides presence and performance management capabilities for companies with large extended sales force. Source: Economic Times Venture Intelligence is the leading provider of data an...

Bangalore-based IT services Wipro, has set up a venture capital fund that will look at investing in early-to-middle stage technology start-ups globally. The initiative is being driven by Chief Strategy Officer Rishad Premji. The company has set aside an initial corpus of $100 million (around Rs 600 crore) for the fund which has started exploring investment opportunities in start-up companies which focus on niche technologies such as data, open source and industrial internet, among others.  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.

Hyderabad-based renewable energy services start-up Fourth Partner Energy (4PEL) has raised a series-A funding of Rs 3 crore from the Chennai Angels. The start-up, co-founded by Vivek Subramanian, who earlier co-founded PE firm Avigo Capital, focuses on solar power. It provides end-to-end solar energy services, both technological and financial, to its clients and manages decentralised solar power assets across India. The company has over 300 solar installations across India, with companies such as Indian Oil, EY and ICICI bank. The company hopes to raise Rs 18-30 crore in the next two years and is looking to target the B2B segment.  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...

Omidyar Network, promoted by eBay founder Pierre Omidyar, has invested in start-up news and commentary website Scroll.in. The investment was made into Scroll India’s US-based parent, Scroll Media Inc. Scroll was launched less than a year ago and has inked a contract recently with US business blog Quartz (QZ) to launch an India edition. Khaitan & Co . advised Omidyar Network on the 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.

Delhi-based mobile travel marketplace SeekSherpa has raised seed investment from a group of angels associated with early-stage accelerator VentureNursery. The company will use the funding to expand operations and for hiring. SeekSherpa was part of the January batch of VentureNursery. The angel investors in the company include Patni scions Amit and Arihant, Everest Flavours founder Anand Ladsariya, Fame Cinemas founder Shravan Shroff and former Starcom MediaVest Group honcho Ravi Kiran.  Founded by former Google executive Dhruv Raj Gupta and AT Kearney analyst Sukhmani Singh, SeekSherpa is a mobile application that links travellers with locals who create unique and tailor-made experiences that tourists can book. The company allows locals in top Indian cities and tourist locations to become a “Sherpa” on the app. The app already has about 500 Sherpas from eight cities and 100 experiences like Delhi momo trail and shopping through Chandini Chowk. The app is free for the travell...