The strategic investment in Hungama is part of a total of $40 million worth of investments that Intel Capital has made this year in 10 technology firms. Intel Capital India director Pradeep Tagare led the deal.
The firm closed 2011 with 17 deals, including follow-on and new investments. This year it has done a few follow-ons and fewer new deals. Director Pradeep Tagare on investments, Indian tech startups and plans for a second India fund.
Intel Capital, chipmaker Intel’s corporate venture capital arm, has invested $17 million in Singapore-based Reebonz.com and Hanoi-based VC Corp. Both deals were announced last week.
Chipmaker Intel’s venture capital arm Intel Capital is aiming for at least 10 new deals in mainland China, keeping pace with the investment momentum it had built last year, reports China Daily, quoting Intel Capital president and executive vice president Intel Arvind Sodhani. Last year, the corporate venture capital investor had made 10 investments worth $90 [...]
On Wednesday, Intel Capital, chipmaker Intel’s venture capital investment arm, announced the $100 million Connected Car Fund, focusing on technology innovation in the automotive industry. The latest theme-based fund follows the $300 million Ultrabook Fund unveiled last August and is its fourth such fund till date. The new fund will invest globally over the next [...]
Cross-platform mobile solutions provider July Systems has raised $15 million as part of a growth capital round led by Updata Partners. Existing investors Intel Capital and WestBridge Capital also participated in the round, said a press release. This takes the total capital raised by the New York and Bangalore-based company to nearly $50 million across [...]
Intel Capital-backed Duron Energy is in the market to raise $10 million in venture capital funding to roll out its off-the-shelf solar lighting solutions across the country, reports Business Standard. The company launched its products on a pilot basis in Karnataka and Uttar Pradesh and now plans to expand to five more states including Tamil [...]
Intel Capital, chipmaker Intel’s venture capital investment arm, has announced two new investments; in cloud gaming platform developer Beijing Cloud Union Co and fashion content aggregation platform Fashion Republic. The amounts invested in both companies have not been disclosed. Both investments have been made from the $500 million Intel Capital China Technology Fund II, which [...]
Canaan Partners India teamed up with Intel Capital this week to lead a $45 million Series A round of funding in Happiest Minds, the software services outsourcing startup founded this year by former MindTree chairman Ashok Soota. This is Canaan’s first and somewhat unusual investment in the conventional software services sector. As an early stage [...]
New Delhi-based mobile value added services (VAS) company One97 Communications has teamed up with private equity firm SAIF Partners to launch the One97 Mobility Fund, which will invest in seed and early-to-growth stage mobile VAS companies. The fund will have a $100 million corpus, contributed by the two partners. It will invest anywhere between $50,000 [...]
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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