Deals Today: Games2Win, Ujjivan, IIMJobs, App Surfer

Games2Win: The Patni family-backed Nirvana Venture Advisors has picked up a 10 per cent stake in Games2Win for an undisclosed amount. The deal spells a partial exit for existing investors Nexus Venture Partners and ICICI Venture. (Source: StartupCentral). SaffromContract: Employment portal StaffonContract.com, owned by Joule Consulting, has raised angel funding of Rs 50 lakh from Indiagames founder Vishal Gondal. The…

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Charles River Ventures Closes Fifteenth Fund at $375 Million

US-based venture capital investor Charles River Ventures (CRV) has raised its 15th fund, dubbed CRP XV, with a corpus of $375 million. The new fund is marginally larger than the firm’s 14th fund, which had a corpus of $320 million. The firm has been a sporadic investor in the Indian market, investing in companies such as July Systems, SMS Gupshup…

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Q1 Deal Roundup: Internet overdose

In a pattern that is uncomfortably reminiscent of the 1999-2000 dotcom era, venture capital investors parked $67.17 million in 12 Internet companies during the first quarter of 2011. This represented 63.15 per cent of the total value of deals that were reported/disclosed by investors during the quarter. E-commerce startups topped the charts accounting for 9 deals out of the 12…

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US Q1 VC investments grow 15% to $5.9 billion

The first quarter venture capital investment numbers by US investors are out from the MoneyTree report compiled by PricewaterhouseCoopers and NVCA, based on data from Thomson Reuters. Venture capitalists invested $5.9 billion across 736 deals. This represents a 15.6 per cent growth from the $5.1 billion invested in the first three months of 2010 across 787 deals. Some highlights from…

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March Deal Roundup: Six deals, one exit

Venture capitalists invested over $34 million in March across six announced deals. There was one reported exit — Reliance Venture Asset Management and Mumbai Angels sold their respective stakes in Dhama Apparel Innovations to unnamed investors. Investments