Location: Mumbai
Product Name: iWebNotes
Product Description: On-demand ERP and CRM solution for small businesses
Price: Rs 299 per user per month
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Posted in ClickStartup.
Tagged with India, iwebnotes, on-demand erp, reviews, Startups.
By Snigdha Sengupta
– August 29, 2010
While in Delhi last week, I managed to pop in to mingle at the Nasscom Emergeout Conclave 2010. Alok Mittal and Harish Gandhi from Canaan Partners and Suvir Sujan from Nexus Venture Partners were among venture capitalist attendees. And there were plenty of startups, of course, which made lunch-time and the post-lunch period great for networking.
It is good to see Nasscom, the ‘big boys club’ for many years, batting for the little people. Here’s the list of companies that were judged the League of Ten for 2010 out of a total of 50 select emerging companies:
8K Miles Web Services On-demand talent pool and computing infrastructure solution for small businesses.
CoCubes SMS-enabled online platform for connecting colleges, companies and students.
EKO India Financial Services Financial transactions via mobile for rural populations. Continued…
Posted in Startups.
Tagged with emerge, India, nasscom, Startups.
By Snigdha Sengupta
– August 29, 2010
A few weeks ago, Grow VC, a community funding platform for startups that seeks to help entrepreneurs raise seed money, launched operations in India. Their local partner is Springboard Ventures. It works on a subscription model, whereby you can sign up as a member for Rs 1,000 per month. 75 per cent of your membership fee goes into the community pool and is invested in startups. Entrepreneurs are required to sign up as Grow VC members and post their business ideas/plans on the portal for investor-members to evaluate.
The founders of Grow VC, Finnish entrepreneurs Jouko Ahvenainen and Valto Loikkanen, think that the ‘crowd’ can pitch in with the Rs 10-20 lakh that a startup needs to kickstart an idea. This money is currently not easily available from venture capitalists or even professional angel investors.
What is your view on this funding model for your startup? Take the poll. Continued…
Posted in Startups, Venture Capital.
Tagged with crowdfunding, grow vc, India, Startups.
By Snigdha Sengupta
– July 31, 2010
The company is offering 5,000,000 shares of which 1,153,846 shares are being offered for sale by the company’s existing shareholders including venture capital investors SAIF Partners, Helion Venture Partners and Sierra Ventures. Deep Kalra, the company’s 41-year old founder-promoter is also selling some shares (see details of shareholding below). The company pegs the average price per share paid by these shareholders at $1.8. It has raised over $40 million from venture capitalists over multiple rounds of funding.
| Shareholder | Pre-IPO | Post-IPO |
| Source: SEC Filing | | |
| SAIF Partners | 51.32% | 43.79% |
| Tiger Global | 12.14% | 12.10% |
| Helion Venture Partners | 11.97% | 10.21% |
| Sierra Ventures | 7.98% | 6.81% |
| Deep Kalra | 14.45% | 11.62% |
Image Courtesy: MakeMyTrip
Posted in Startups, Venture Capital.
Tagged with deep kalra, makemytrip, nasdaq.
By Snigdha Sengupta
– July 30, 2010
Pune-based InnovizeTech Software, a software product company, has received an undisclosed quantum of investment from Indian Angel Network (IAN). The company has a patent-pending product called Sapience which delivers solutions to measure and analyse enterprise effort and time productivity. It sits on each person’s computer and un-intrusively measures work activity, while ignoring usage for private purposes. The company supports on-premise installations as well as cloud-based hosting.
InnovizeTech’s four founders are Swati Deodhar, Madhukar Bhatia, Hemant Joshi and Shirish Deodhar, all alumni of Palo Alto, California-based Symphony Services. Harish Mehta and Rehan yar Khan join the InnovizeTech board on behalf of IAN.
(Source: Press Release)
Posted in Startups, Venture Capital.
Tagged with Angel Investor, ian, innovizetech, symphony services.
By Snigdha Sengupta
– July 29, 2010
Gurgaon-based travel service portal MakeMyTrip will list on the Nasdaq under the symbol MMYT. It has filed a registration statement with the SEC for a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range has not yet been determined. Morgan Stanley will be the sole bookrunning manager and Oppenheimer & Co and Pacific Crest Securities will be co-managers. The company, reports Reuters, hopes to raise up to $100 million through the offering. Also see more details on the company in the preliminary prospectus.
(Source: Press Release)
MakeMyTrip, backed by SAIF Partners, Tiger Global, Helion Venture Partners and Sierra Ventures is the latest among venture capital-backed Indian startups that have announced plans to go public soon. Sequoia Capital-backed SKS Microfinance’s maiden offering opened on the bourses today — track updates here. Here’s a look at some details on two other notable startup IPOs coming up soon: Continued…
Posted in Startups, Venture Capital.
Tagged with India, IPO, justdial, makemytrip, nasdaq, one97, SAIF Partners, Startups.
By Snigdha Sengupta
– July 28, 2010
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