The Entrepreneurship Cell of IIM Calcutta has announced its business plan competition- i2I 2008 - “ideas to Implementation 2008″ which is being held in association with The Indus Entrepreneurs (TiE), National Entrepreneurship network (NEN), and Seedfund. This business plan contest is open to not only students but also to working professionals, thus giving seed / early stage startups to reach out to VCs/ Investors directly and secure that first round of cash which makes all the difference between to be or not to be.
IIM Calcutta launched business plan competition i2i 2008, INR 1 Cr as seed funding
Published December 10th, 2007 in Business Plan Competition. 0 Comments---------------------------
DFJ and NEA- IndoUS Ventures put USD 2 mn in mGinger
Published November 28th, 2007 in Internet / Mobile and Venture Capital / Pvt Equity News. 0 Comments
mGinger, a permission based mobile advertising network has received $2 million funding from Draper Fisher Jurvetson and NEA-IndoUS Ventures. The company will use the fund for its business growth, build up their technology stack and ramp up their marketing and sales force.
mGinger enables advertisements including offers, vouchers, news and more, sent in the form of SMS on consumers’ mobile phones. These advertisements are specific to consumer interests and demographics mentioned during sign-up and received only in the timings that consumers specify. An additional value-add for consumers, is the earning potential of receiving these advertisements, which is redeemed through a gift cheque from mGinger.
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Sequoia Capital invests INR 100 Cr in GVK Pharma
Published November 27th, 2007 in Venture Capital / Pvt Equity News. 0 Comments
GVK Biosciences Private Limited (GVK BIO), a Pharma & Biotech research and development outsourcing company, today announced that Sequoia Capital a leading global private investment firm has invested Rs.100 crores in GVK BIO.
GVK BIO started operations in 2001 at Hyderabad and has established itself as a leading Contract Research Organization in India. Currently GVK BIO is the only Indian CRO that provides an integrated service platform ranging from Informatics, MedChem and Biology services in Discovery research to Clinical Research and Data Management services on the Development side and further to Process Research and Custom Synthesis.
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Online bus ticket portal Ticketvala raises USD 2 mn from FootPrint Ventures
Published November 25th, 2007 in Venture Capital / Pvt Equity News. 0 Comments
Ticketvala.com, a portal for bus ticket booking has raised USD 2 mn from FootPrint ventures, an early stage venture capital fund, based out of India as per report published in Mint.
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Sabeer Bhatia backed Instacoll launches online Office Suite
Published November 24th, 2007 in Business News. 1 CommentIndian software product company, InstaColl today announces the launch of Live Documents, a hybrid online-offline Office suite of applications.
Instacoll which is led by Sabeer Bhaita, has earlier raised funding from Softbank (read Sabeer Bhatia back to business, Instacoll raises funding from Softbank).
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Capital18 invests in Webchutney
Published November 23rd, 2007 in Venture Capital / Pvt Equity News. 0 Comments
Indian digital media space seems to be in thick of action. After acquisition of Quasar media by WPP, Webchutney, known for its creative virals (Webchutney, headquartered at Delhi with offices at Mumbai, Bangalore and KualaLumpur is an online ad agency operating in interactive media, web development and web analytics), has got an undisclosed amount of investment from Capital 18, venture capital arm of Network 18 group.
HT Media Acquires Desimartini.com
Published November 21st, 2007 in Business News, Internet / Mobile and Venture Capital / Pvt Equity News. 0 CommentsFirefly e-Ventures Ltd., the wholly-owned Internet subsidiary of HT Media Ltd., has acquired social networking site, Desimartini.com, as per the news reported in Hindustan Times. Though the financial terms are not disclosed, HT Media said that the deal was for less than US $ 10 Million (Rs. 39.3 Crores), which makes an interesting reading, since less than US $ 10 Million could be anything from INR 1.0 Lakh to INR 38.0 Crores (so whether HT Media is trying to peg a value to Desimartini.com or just building hype in case of further sell-off or acquisition, is anybody’s guess).
Yahoo enters Indian advertising space through Tyroo
Published July 23rd, 2007 in Business News. 0 CommentsInternet web giant (or web giant of yore) Yahoo! has announced that it had taken around 35% stake in an Indian web advertising company Tyroo for an undisclosed amount.
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Nexus India Capital raises $100M Venture Capital Fund
Published July 14th, 2007 in Venture Capital / Pvt Equity News. 0 Comments
Nexus India Capital (website) has closed a $100M Venture Capital Fund to invest in opportunities across sectors in India. Nexus plans to invest in both technology start-ups as well as companies with business models not driven by technology. The funds investors include top tier institutions and strategic family offices from North America, Europe and Asia.
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StartupAvenues Offline meet : 30th June 2007 New Delhi
Published July 9th, 2007 in Entrepreneurs Resources. 0 CommentsStartupAvenues : Offline meet at Delhi
Finally it happened, after too many misses, delayed email responses etc etc and after a gap of almost 3 years, StartupAvenues offline meeting did happen at Connaught place New Delhi and surprisingly of the total attendance, three people namely Umesh Sethi, Nalin Savera & Shailesh were also involved in previous meetings ( held in 2003).
Following is the detail of event which has been logged by Umesh Sethi of CreativeSparks who was kind enough for agreeing to minute the event.
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