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Snapdeal Acquires FreeCharge To Become The Largest Mobile Commerce Company In India

snapdeal

India’s largest online marketplace, Snapdeal today announced that it has acquired FreeCharge, India’s fastest growing mobile transactions platform. This is one of the biggest acquisitions in the history of the internet industry in India and sets up Snapdeal to build the most impactful digital commerce ecosystem in India. FreeCharge is India’s leading mobile commerce platform where…

Online Furniture Marketplace Pepperfry Secures Funding

pepperfry

Online home décor marketplace, #Pepperfry has raised R642 Cr ($100 Mn) in Series D round of funding from Goldman Sachs, Zodius Technology Fund and existing investors Bertelsmann India Investments and Norwest Venture Partners. The proceeds will be use to expand its logistics footprint in over 300 cities and will also open distribution centres and expand…

Maverick Ventures Enters India; Agrees to Invest in IDG-backed Vserv

vserv funding news

Vserv, the leading smart data platform for mobile marketing in India and South East Asia, announced today its signing of an investment from Maverick Capital Ventures, the venture capital fund affiliate of Maverick Capital, a 21 year-old hedge fund with over US$8 Billion under management. This partnership builds on Maverick’s extensive history of successfully investing…

An Undisclosed fund has been raised by Townscript.com!!

angel funding

Pune-based Dyulok Technologies Pvt Ltd, the company behind event ticketing platformTownscript.com, has raised an undisclosed amount in angel funding from multiple investors including Carlyle Group’s MD Mahesh Parasuraman; MindTickle’s co-founder Mohit Garg; and Nipam Shah, founder, NRS Advisors. The funds will be used by the company for increasing sales of tickets, expanding into major cities…

Bessemer Venture Partners raises $1.6B for new global fund

venture capital

Global venture capital and growth capital investor Bessemer Venture Partners (BVP) has raised $1.6 billion for its ninth fund BVP IX, the company said in a blog. The firm will focus on its current sectors along with exploring new areas of opportunity. BVP invests across sectors like consumer, internet, enterprise technology, mobile, cyber security, cloud…

Infosys to acquire automation technology provider Panaya for $200 mn

infosys

Infosys is buying a startup that helps companies manage major changes to their software systems, in the first signature acquisition by Vishal Sikka after he took over as CEO in August last year. Panaya, which has raised $59 million from venture capital investors, including a firm founded by Sikka’s mentor and SAP cofounder Hasso Plattner,…

iTraveller raises Rs 6 crore as Series A

itraveller

Online trip planning startup iTraveller has raised Rs 6 crore in Series A funding from ah! Ventures, LetsVenture and Mantra Ventures. The deal underlines the rising interest of early-stage investors in the online travel space. Incubated at Kochi’s Startup Village in 2011, the Bengaluru-based startup was founded by former Wipro and Cognizantconsultant Shiju Radhakrishnan. iTraveller…

redBus co-founder Sama turns angel investor

redbus

In 2006, when incubation programmes, angel investors and mentorship weren’t particularly popular, redBus co-founders Phanindra Sama, Charan Padmaraju and Sudhakar Pasupunuri learnt about entrepreneurship the hard way: They didn’t miss a single opportunity to meet mentors and get introduced to organisations such as the Indus Entrepreneurs. They also created a database of bus operators by…

Rahul Jain: Start-up millionaire turns angel investor after Google deal

rahul jain

“In the future, we’ll see a lot less people coming from India to work here (the US) and a lot more starting their own ventures back home,” says Rahul Jain, who co-founded Appurify, a mobile application testing firm. The two-year-old start-up was snapped up by Google Inc in June this year for an undisclosed sum….

Nexus Raised its fund to accelerate more startups in the next batch!!!

nexus

Nexus Venture Partners is in talks with limited partners to raise $400 million for its next new fund.  “They (Nexus) have been pre-marketing the new fund since late last year. It has a soft target of $400 million. Given the heightened interest in India, they may raise more,” said a person familiar with the matter….

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