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Sadeesh Raghavan, Amit Patni sign up with VentureNursery

Posted on May 17, 2012 by StartupCentral | 0 Comments

Mumbai-based startup accelerator VentureNursery has signed up 12 angel investors for its charter angels programme, who will provide mentoring support to the startups that participate in the accelerator’s upcoming 13-week bootcamp. The startups will also have an opportunity to pitch for funding to these charter angels when they graduate from the bootcamp. The 12 angels who have signed up include…

Facebook IPO: Get the latest news with the Themeefy app

Posted on May 17, 2012 by StartupCentral | 0 Comments

Social networking site Facebook will go public on the Nasdaq on Friday, ringing in what is being tipped as the largest ever initial public (IPO) offering by a technology company. The final offer price is speculated at between $34 and $38, which means that the Menlo Park, California-headquartered company could end up raising nearly $16 billion. The imminent IPO spells…

Hippocampus Learning raises $1.3 million from Lok Capital, Acumen

Posted on May 15, 2012 by Snigdha Sengupta | 0 Comments

Hippocampus Learning Centres (HLC), a Bangalore-based education services provider that targets rural markets, has raised Rs 7 crore ($1.29 million) from Lok Capital and Acumen Fund as part of a Series A round of funding for an undisclosed equity stake. HLC will use the funds raised to expand its outreach to 7,000 students and 100 villages over the next two…

eHealth Access aims for 1 lakh users this fiscal

Posted on May 15, 2012 by StartupCentral | 0 Comments

Hyderabad-based eHealth Access, an online healthcare startup that earlier provided medical consultation services over chat and telephone under the brand name Dialurdoctor, plans to open talks with investors for second round of funding after the third quarter of the current year. The company recently raised $ 0.37 million (Rs 2 crore) in angel funding from Hyderabad investment banking firm Akasam…

[Deals Today] Basix Samrudhi, Limberlink, CBazaar

Posted on May 11, 2012 by StartupCentral | 0 Comments

Basix Krishi Samrudhi: Vijay Mahajan-backed Basix Krishi Samrudhi, a company that provides agri-services such as soil testing, seed treatment and pest management, has raised $2 million from Acumen Fund. The funds raised will be used to scale BASIX Krishi’s activities to 67 branches serving nearly 350,000 farmer customers over the next two years. (Source: Venture Intelligence). Limberlink Technologies: Online education services…

[Hatched] Legal services startup EasyLaw notches 400 users

Posted on May 11, 2012 by StartupCentral | 0 Comments

Delhi-based EasyLaw, a startup that offers legal and business services such as drafting a will and registering a business venture online, went live this January. The company was founded in May last year by financial services executives Dhruv Jain and Ridhish Talwar, who have bootstrapped the venture. The site currently has over 400 registered users and expects to achieve cash…

Ecommerce consolidation: Yebhi buys jewellery etailer Stylishyou

Posted on May 11, 2012 by StartupCentral | 1 Comments

In more consolidation in the local ecommerce segment, Nexus Venture Partners-backed Yebhi, an ecommerce startup focused on lifestyle products, has acquired fashion jewellery etailer Stylishyou in a cash-and-stock deal, according to a press statement. Details of the size of the transaction have not been disclosed. Following the acquisition, Stylishyou founder Shraddha Dadani will join the Yebhi team as head of…

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Has Mr Mukherjee set the stage for a Angel Capital Association in India?

Posted on May 9, 2012 by Snigdha Sengupta | 0 Comments

Startups may no longer have to worry about paying income tax on capital raised from angel investors. On Monday, amending an earlier proposal from March’s Union Budget, finance minister Pranab Mukherjee proposed to exempt capital raised by startups as angel investment from the purview of income tax. This, however, will be subject to a pre-condition. Only capital raised from notified…

MFIs Ujjivan, Equitas may raise $30 million from IFC

Posted on May 7, 2012 by Snigdha Sengupta | 0 Comments

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 the domestic microfinance sector this…