India Software / Application development capability hyped?

I came across this posting on ZDNET blog by Dana Blankenhorn  about having commercial arms for supporting Open source software (Acquia vs Drupal) where the author made an interesting remark related to his IT outsourcing partner in India whose claim of expertise was false.

 

Quote”

Since Drupal.org only provided a directory of possible assistance, we wound up dealing with an Indian outsourcer my partner was familiar with.

Their claim of expertise was false. I spent months trying to explain what we needed, and each iteration of the software grew worse. We finally got things rolling after another consultant turned us on to the new, stable Drupal code base.

“ Unquote

  Continue reading ‘India Software / Application development capability hyped?’

---------------------------

IIM Calcutta launched business plan competition i2i 2008, INR 1 Cr as seed funding

home_02.jpg 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.

Continue reading ‘IIM Calcutta launched business plan competition i2i 2008, INR 1 Cr as seed funding’

---------------------------

DFJ and NEA- IndoUS Ventures put USD 2 mn in mGinger

logo_desc.gifmGinger, 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.
Continue reading ‘DFJ and NEA- IndoUS Ventures put USD 2 mn in mGinger’

Sequoia Capital invests INR 100 Cr in GVK Pharma

gvk_bio.gifGVK 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.

Continue reading ‘Sequoia Capital invests INR 100 Cr in GVK Pharma’

Online bus ticket portal Ticketvala raises USD 2 mn from FootPrint Ventures

ticketvalalogo.gifTicketvala.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.

Continue reading ‘Online bus ticket portal Ticketvala raises USD 2 mn from FootPrint Ventures’

Sabeer Bhatia backed Instacoll launches online Office Suite

Indian 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).

Continue reading ‘Sabeer Bhatia backed Instacoll launches online Office Suite’

Capital18 invests in Webchutney

WebchutneyIndian 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.

Continue reading ‘Capital18 invests in Webchutney’

HT Media Acquires Desimartini.com

Firefly 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).

Continue reading ‘HT Media Acquires Desimartini.com’

Yahoo enters Indian advertising space through Tyroo

Internet 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.

Continue reading ‘Yahoo enters Indian advertising space through Tyroo’

Nexus India Capital raises $100M Venture Capital Fund

Nexus India Capital raises $100M Venture Capital Fund 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.

Continue reading ‘Nexus India Capital raises $100M Venture Capital Fund’


Subscribe

Subscribe to my RSS Feeds

160 width sidebar block.

Forums