Venture capitalists have lately acquired a taste for taxi or car rental startups. Serenditpity Infolabs, a Bangalore-based startup that runs online taxi booking site TaxiForSure, has raised an undisclosed amount in venture capital from Accel Partners, Helion Venture Partners and Blume Ventures, said a press release. Details on the stage of funding has not been [...]
Pune-based Sensible Softwares, developer of software-as-a-service (SaaS) application lifecycle management platform BootStrapToday, is in talks with venture capital investors, including Sequoia Capital India, to raise $2 million as Series A funding. The company launched the alpha version of its product BootStrapToday V3.0, a revamped version (photo below) of its existing solution with sports a sleeker [...]
![[Deals Today] Karadi Path, Edabba, Snowman Logistics](http://startupcentral.in/wp-content/themes/wp-bold109/images/def-thumb2.jpg "[Deals Today] Karadi Path, Edabba, Snowman Logistics")
Snowman Logistics: Bangalore-based Snowman Logistics has raised $6.5 million from IFC, a unit of the World Bank, as a loan to help the food supply chain company to expand its cold storage facilities. The company had earlier raised a $5 million investment from IFC in 2009. (Source: Press Release). Edabba: Brick-and-click ecommerce startup Edabba has [...]
Rabo Equity Advisors-backed India Agribusiness Fund has announced an investment of Rs 50 crore ($9.8 million) in Hyderabad-based seed firm Super Agri Seeds, said news reports. The funds will be used to set up a research and development lab for crops such as paddy, cotton, sunflower and maize. The investment was announced at a press [...]
Location-based services startup MojoStreet has raised $350,000 from former Microsoft India executive Srini Koppolu and former Nvidia managing director J A Chowdary. Co-founded by former Indyarocks co-founder Kalyan Manyam, MojoStreet is currently in stealth mode. More more on the company read Medianama’s interview with Manyam here. Hyderabad-based Mojostreet will shortly launch a location-based real world [...]
Professional networking site LinkedIn raised $53 million in fourth round funding yesterday from Bain Capital Ventures and other existing investors. The latest round values the Mountain View, California-based company at over $1 billion, claims its CEO Dan Nye. Read the Reuters report. That is still a long way from the $15 billion Facebook was valued [...]
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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