Gurgaon-based BEBB India, which runs online SME marketplace Power2SME, has raised $6 million (Rs 32 crore) in a fresh round of funding from Accel Partners. This appears to be the company’s Series B round. The company had earlier raised about $2 million over two tranches from Inventus Capital Partners and Kalaari Capital as part of [...]
The company had raised an undisclosed amount in Series A funding raised from Accel in 2009. The funds raised in this round will be used to scale the company’s presence across multiple cities
The size of the transaction has not been disclosed. Accel Partners had invested an undisclosed amount in the company in 2008. The TooStep team will join Info Edge and its platform features will be integrated into Naukri.
Delhi-based cloud startup Hotelogix, a software-as-a-service property management solution for small and mid-sized hotels, has raised a $1.2 million Series A round of funding from Accel Partners, Blume Ventures and Mumbai Angels. The company had raised an undisclosed amount as angel funding from Mumbai Angels and Accel Partners last year. The company will use the [...]
Continuing on their ecommerce run, Accel Partners and Tiger Global have teamed up to invest in home products ecommerce site Zansaar. It will use the funds to manage inventory, ramp up marketing and grow its team, said a press release. Details on the stage or quantum of investment were not disclosed in the release. However, [...]
MobStac, the mobile publishing platform developed by Bangalore-based MobileMotion Technologies, is growing up. A couple of weeks ago, the Accel Partners-backed startup announced the launch of its 360-degree mobile publishing platform, which allows online publishers to seamlessly adapt content to any kind of mobile device, including tablets. The new platform also brings along some key [...]
Serial entrepreneur Meena Ganesh and Accel Partners have teamed up to make a $5 million Series A round investment in BlueStone, an online jewellery and accessories store, said a press release. This is the first of a slew of ecommerce investments that will be formally announced by Bangalore-based serial entrepreneur couple Meena Ganesh and Krishnan [...]
Data analytics startup Mu Sigma has raised a $108 million in a Series D round of funding led by General Atlantic Partners, says a press release issued by the company. The stake acquired by General Atlantic has not been disclosed. Existing investor Sequoia Capital has also participated in the current round, raising its stake in [...]
Accel Partners’ much awaited second India fund is finally in the bag. The Palo Alto, California-based venture capital firm announced the closing of the $155 million Accel India III fund. The new fund will invest in seed and early stage companies here, said a press release. The latest fund takes the total dedicated corpus managed [...]
Palo Alto, California-based Accel Partners is spreading its wings in India. The venture and growth investor, which manages a $6 billion global capital pool, has hired Neeraj Bharadwaj to steer its growth investments here. Bharadwaj moves from private equity major Apax Partners after an eleven year stint, which included leading the firm’s India investments from [...]
Accelerator to angel to VC flow still struggling to find equilibrium in India
I had fun moderating the panel on early stage financing at India Internet Day. VCCircle has an interesting article. The key issues are as under: 1. Too few deals are progressing from accelerators to angel, and from angel to Series A. Only five per cent of deals going from accelerators to Series A might not [...]
The early ecommerce marketplace pioneers: eBay class of 2000-2005
TechCrunch recently published an article I wrote about how the eBay class of 2000-2005 helped shape ecommerce in Silicon Valley and continues to innovate and move the sector forward. By understanding what shaped this class’ experience and examining where these alums are today, we identified the most important industry trends and start to see a [...]
The founder’s guide to surviving the Series A crunch
The Indian entrepreneurship and venture capital ecosystem is fast maturing. Today we have more early stage funds than ever. This fund availability will only improve, aside from the temporary blips caused due to macroeconomic ups and downs. We are in one such ‘crunch’ today, where even though seed and angel funds are writing cheques with [...]
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