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 [...]
Archive for November, 2007
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---------------------------
Sequoia Capital invests INR 100 Cr in GVK Pharma
Published November 27th, 2007 in Venture Capital / Pvt Equity News. 1 CommentGVK 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 [...]
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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 CommentsTicketvala.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.
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).
Capital18 invests in Webchutney
Published November 23rd, 2007 in Venture Capital / Pvt Equity News. 0 CommentsIndian 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 [...]
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 [...]