Press release archives - Venture Capital

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Friday, 21st Sep 2007

Patrick Stanton to joins Autoindia.com's Board of Advisors

To assist on New Initiatives and building Strategic alliances to strengthen Autoindia.com's leadership position More...

Friday, 13th Jul 2007

Harshal J Shah Gets Appointed as CEO of Reliance Technology Ventures Ltd.

Harshal J. Shah, a veteran of IBM and Accenture, has now been appointed as the CEO of Reliance Technology Ventures Ltd [RTVL]. Mr. Shah has been instrumental in the investments into Yatra, India's largest online travel consolidator, Seedfund, and a company which was the largest venture capital transaction in India. He serves on the boards of Yatra, Telsima, Setco Automotiv... More...

Friday, 29th Jun 2007

Iteamic Secures Funding from Canbank Ventures

Bangalore-based software services company Iteamic, has secured funding from Canbank Venture Capital Fund Ltd India, for an undisclosed stake. According to an official release, this is the company's first infusion of external funding. The funds are expected to facilitate Iteamic's expansion plans and augment its infrastructure, R&D, sales and marketing initiatives. More...

Thursday, 14th Jun 2007

NEA Leads $25 Million Investment in ISGN Technologies

New Enterprise Associates (NEA) has invested $20 million in ISGN Technologies Ltd, a leading provider of complete solutions and platform based knowledge process outsourcing (KPO) services to the US mortgage industry. NEA leads this $25 million investment alongside NEA-IndoUS Ventures (NEA-IUV). More...

Wednesday, 6th Jun 2007

FlightRaja Secures $5 Million Investment from NEA IndoUS Ventures

FlightRaja, an innovative travel services company and India's largest domestic ticket services provider, today announced that it has raised an investment of $5 million from NEA Indo US Ventures, a venture capitalist firm. The investment will enable the company to strengthen its leadership position in the travel industry by expanding its services beyond airline. FlightRaja ... More...

Thursday, 17th May 2007

Sequoia Capital India sells partial stake in FirstSource

Sequoia Capital India today announced that it has sold a 4.45% stake in Firstsource Solutions (formerly ICICI OneSource) to SUN Group, a global investment and business group, for a total sum of $42 million. Post the sale, Sequoia Capital India will continue to own around a 5% stake in FirstSource. More...

Sunday, 13th May 2007

Printo's largest retail store in Bangalore

Printo, India's first retail print and document services brand, announced the launch of its 4th and largest Bangalore store at Whitefield. The Whitefield outlet is 4th in a chain of 200 stores to be rolled out across India by 2010. Printo, backed by early stage VC Seedfund, is creating stores that businesses and consumers use for print services like business cards, documen... More...

Wednesday, 18th Apr 2007

Sino Indo JV for manufacturing Rail Wheelsets

CNR DaTong Electric Locomotive Co. Ltd and SEMCO India Pvt Ltd formed Joint Venture for manufacturing & supply of Railway Wheel & Axles, Railway rolling stock, Forged & Cast components More...

Wednesday, 11th Apr 2007

Deloitte India Launches Dedicated Private Equity Practice

Deloitte Touche Tohmatsu India Private Limited (DTTIPL) announced the launch of a dedicated Private Equity practice in India today - Deloitte Corporate Finance Services India Pvt. Ltd (DCF) which will work closely with the Asia Pacific regional practice, UK & US member firms of Deloitte Touche Tohmatsu (DTT) and the rest of the DTT network. More...

Tuesday, 20th Mar 2007

Cargill Ventures to invest in KPIT Cummins

Cargill Ventures buys up to 4% in KPIT Cummins Infosystems for about $ 9 million More...

Tuesday, 20th Feb 2007

Venture Capital Firm NEA Announces India Expansion:- Focus on traditional and emerging opportunities in the technology sector

New Enterprise Associates is expanding operations in India. Led by Ben Mathias as Vice President, the Indian operations will work closely with NEA's US-based technology team as it focuses up to US $200M in investments in several technology sectors within India. With US offices in California, Virginia and Maryland, NEA is one of the world's largest venture capital firms wit... More...

Wednesday, 14th Feb 2007

Launch of INNOVATORS NETWORK at Bangalore.

At the recently concluded Innovation Workshop at IIM Bangalore organized by IIT Delhi Alumni Association Bangalore Chapter and NSRCEL IIM Bangalore (www.nsrcel.org), an industry-wide " Innovators Network" was launched for Bangalore. Innovators Network shall fulfill the long standing need of entrepreneurs and innovators who wanted a platform for frequent interaction and see... More...

Wednesday, 27th Dec 2006

GVFL divests stake in Scicom Technologies

GVFL Ltd has announced divestiture of its holding from Scicom Technologies Private Limited, a Noida based leading provider of Onsite and Offsite product development services and technology consulting in Oil and Natural Gas industry. In 2000, GVFL invested INR 15 million in Scicom from GVCF 1995 (Gujarat Venture Capital Fund). More...

Friday, 15th Sep 2006

Sequoia Capital India raises $400 million Growth Capital Fund

First two investments in Café Coffee Day and Flextronics buyout More...

Thursday, 17th Aug 2006

Clearstone Venture Partners targets high-growth domestic consumption sectors for early-stage investing in India

Clearstone Venture Advisors, headed by Rahul Khanna opens office in Mumbai. Clearstone has already announced a US$5 million investment in Indiaideas.com Ltd., India's leading payment services provider, operating as Billdesk. More...