Posted on May 14th, 2008 by dhirender
In its second round of funding, Chennai-based e-learning company Everonn Systems India has raised Rs 94 crore from a fund of Blackstone Group, New Vernon Private Equity and Deutsche Securities according to VCCircle. The promoters of the company have also subscribed for warrants worth Rs 50 crore, taking the total investment to Rs 144 crore.
Everonn […]
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Posted on April 26th, 2008 by dhirender
Mobile payment company, Obopay, has just announced the closing of its $20 million fourth round of venture funding. Essar Communications Holdings Limited, the telecom subsidiary of Essar Global Limited, led the round and current investors, including Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management, Citi, Societe Generale, Qualcomm, and Promethean India participated.
“This round of investment […]
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Posted on April 26th, 2008 by dhirender
With the objective of beefing up the news content from UTVi,the soon to be launched English business news channel by UTV, they have announced a tie-up with Business Standard.
The channel will air BS wire, BS alerts and BS breaking news along with business bytes throughout the day. It will use business content to keep the […]
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Posted on April 25th, 2008 by dhirender
ACK Media, the company that owns the Amar Chitra Katha series and Tinkle magazines, has acquired a controlling stake in Karadi Tales, a Chennai-based children’s audio-video content creator according to The Hindu.
Karadi Tales has over 45 titles in its audio-video book collection for children, comprising of Indian rhymes for toddlers, mythology and stories from the […]
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Posted on April 24th, 2008 by dhirender
By creating online games around ShahRukh Khan’s Kolkata Knight Riders, Zapak is probably hoping to do a Sony SetMax - the night ShahRukh’s Knight Riders demolished Vijay Mallya’s Royal Challengers in Bangalore, Sony SetMax catapulted to the number one channel in terms of viewership across all genres, including those of the saas bahu variety, during […]
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Posted on April 17th, 2008 by dhirender
Buckling up further in its fight against Google, Yahoo! recently acquired enterprise-level web analytics service provider IndexTools, and as this post by Dennis Mortensen, COO of Index Tools, states, intends to open it for free use, starting with the existing clients and partners who accept the standard Yahoo! agreement.
This is similar to the move by […]
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Posted on April 15th, 2008 by dhirender
AOL has recently bought over Sphere - a blog content engine that launched in 2006 (check out their blog post). While the price is not being disclosed, TechCrunch estimates it in the $25 million range. Amazing considering they are just about 30 months old, and had raised $3.5 million in venture capital over two rounds.
Sphere […]
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Posted on April 15th, 2008 by dhirender
Indian internet company Sify has agreed to sell roughly 12.8 million Indian equity shares to Infinity Satcom Universal. The shares are expected to go for $4.46 apiece, getting roughly $57 million for Sify.
The company plans to use the capital to fund its growth.
Sify offers end-to-end solutions with a comprehensive range of products delivered over a […]
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Posted on April 11th, 2008 by dhirender
Percept Ltd, a company with presence in advertising, media, film production and celebrity management, has landed Rs 60-65 crore funding from a host of private equity firms such as Indivision Capital, JPMorgan and Passport Capital, according to VC Circle.
While the stake sold is not known, this is the first round of institutional funding for the […]
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Posted on April 11th, 2008 by dhirender
Mobile advertising company mKhoj has landed Series A investment of $7.1 million from Kleiner Perkins, Caufield & Byers and Sherpalo Ventures according to VCCircle.
Founded by Naveen Tewari in 2006, mKhoj is a mobile advertising network, which serves ads on mobile phones, and includes Reebok, Barclays, Network18, etc. among its clients.
mKhoj had earlier received $0.5 million […]
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