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Acquisition of Profoundis by FullContact : The first Startup Acquisition in Kerala

profoundis, fullcontact

Less than two weeks after raising a fresh round of $25 million, FullContact has opened its checkbook to snap up India-based startup Profoundis in an undisclosed deal. Denver-based FullContact is focused on helping you manage relationships and contacts in a more orderly and intelligent fashion. The company said its newest raise would be used to fund acquisitions,…

Investments done by Ah! Ventures!!

DriversKart Investment & Acquisition Driverskart, an innovative startup based out of Chennai, recently closed an undisclosed amount of funding as a part of its Pre Series A round from ah! Ventures and others. The stupendous success of the organization, is a result of accurately providing a solution to a problem faced by commuting individuals. DriversKart…

PM Modi Announces Three Year Tax Holiday, Rs. 10,000 Crore Fund For Startups

Narendra Modi, Startup India

Prime Minister Narendra Modi on Saturday announced opening app-based registration for companies to be completed in a single day, a startup fund of Rs. 10,000 Crore and waiver of capital gains tax for startups among the several allowances that government has decided to make for startups. “There will be no income tax on startups’ profits…

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


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…

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…

I Think Apple had a plan to Buy TESLA!!!

Here’s a fun wrinkle to the story that Apple is now exploring development of its own electric car. Almost one year ago exactly, Thomas Lee and David R. Baker of the San Francisco Chronicle reported that Apple’s head of M&A met with Elon Musk. They wrote, “such a high-level meeting between the two Silicon Valley…

Infosys to acquire automation technology provider Panaya for $200 mn


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,…

redBus co-founder Sama turns angel investor


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….

Taboola Acquired its dream of $117M as Series E : NextGen Users, Publishers and Marketers


Taboola is a content discovery platform that serves over 130 billion recommendations to over 350 million unique visitors every month. Founded in 2007 in Tel Aviv, Taboola will use the new funds to intensify product development and grow through acquisitions. The fund, $117M is raised from a series of investors as Series E- Yahoo! Japan, Groupe Arnault/LVMH, Carlo…