The Venture Intelligence Blog

Inthree, which operates a rural distribution network, has attracted investment from the Indian Angel Network. The funding will be principally used to fuel Inthree’s evolution into a complete rural consumer company with a strong sourcing and technology backbone. The company is currently concentrating on south India. IAN’s Ashvin Chaddha , who co-led the investment, will join the Inthree board.  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.

Michael & Susan Dell Foundation (MSDF) has invested INR 12.4 crores in Edutel Technologies , a Bangalore-based provider of virtual classrooms for students in government and low-fee private schools. The company aims to help high school students from low-income backgrounds to perform well in competitive examination for professional courses / college admissions and also provide vocational education. The investment will help Edutel scale it's learning solution to underserved schools in India. J. Sagar Associates (JSA) comprising of Partners – Sajai Singh & Gerald Manoharan; and Associate – Vishnu Nair advised and assisted Edutel in connection with the equity investment. MSDF was advised by AZB & Partners . Unitus Capital was the financial advisor on this 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 Her...

Aspada Investment Company has made a commitment of INR 11 Crore ($1.8 million) to Xamcheck , a third-party assessment, test design, and feedback solution for K-12 schools in India. Xamcheck was incubated within Policy Innovations, an educational consultancy founded by the team in 2009. Aspada’s investment will be invested in the backend technology while also focusing on achieving scale in bringing Xamcheck to the thousands of underserved K-12 schools in 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.

Bangalore-based financier for the micro, small, and medium enterprises Kinara Capital has received an equity investment from the Michael & Susan Dell Foundation. The Dell family foundation will hold a minority equity stake in the company, and Satyam Darmora, Portfolio Lead, Family Economic Stability will join the Board of Directors. From the Venture Intelligence Social VC Investments Database: Kinara Capital had earlier raised funding from Unitus and Sorenson Impact Foundation.  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.

PE firm Carlyle's India MD Shankar Narayanan and angel group ah! Ventures have invested INR 1.5 crore in Mumbai-based Testbook which provides free mock tests for entrance exams such as GATE and CAT. The start-up was founded by six IIT-ians in 2012. 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.

Indian Angel Network’s UK operation has announced an investment in Lowdownapp Ltd , a London based meeting management app maker that offers users a snapshot and in-depth view of attendee information, company details, etc. It fuses together a slice of the calendar in-built in the mobile device with a custom-built narrow artificial intelligence engine, presenting information instantly for the benefit of professionals. 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.

US retailer Target Corporation has roped in a second set of start-ups for its accelerator programme based in Bangalore. While the first batch focused on themes like personalisation search, content and mobile, the second batch focuses on core retail solutions. The new batch includes Torch Technologies, which has developed a hardware plug-in device for brick and mortar stores to make data-driven decisions. Other solutions include tools to sell ads on a smartphone's lock screen (Twiddly), platforms to help companies create 3D ads and apps (Visarity), a visual search engine for e-commerce (Wazzat Fashion) and tools for augmented reality (Whodat Spaces).  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 Exh...