Microfinance institutions (MFI) Ujjivan Financial Services and Equitas Holdings are in the process of raising $10 million and $20 million respectively as equity capital from developmental finance institution International Finance Corporation (IFC). The two deals were listed as proposed investments on its website on May 4. The two proposed investments would be IFC’s first in [...]
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 [...]
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 [...]
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 [...]
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
EMPEA reports that private equity fund raising in emerging markets (Africa, Asia, Europe, Latin America, the Middle East and Russia) is on track to beat 2007 levels — see EMPEA Release. A total of 104 funds have raised more than $35 billion in the first six months of 2008, up 68 per cent from the [...]
Some serious cause for concern with respect to the US venture capital market. The second quarter of calendar year 2008 (April-June) has seen zero initial public offerings (IPO) by venture capital-backed companies — the first time since 1978. This comes via the National Venture Capital Association’s (NVCA) second quarter exit report for the US venture [...]
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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