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 San Francisco-headquartered company is trading under the symbol TRLA.N and gained over 40 per cent through trading during the day. It has raised $32 mn in VC funding till date.
Former Facebook employee and co-founder Eduardo Saverin, reports Bloomberg, has renounced his US citizenship, ahead of the Menlo Park, California-based social networking giant’s upcoming initial public offer (IPO) next week. The 30-year old Saverin, who currently lives in Singapore, owns about four per cent of Facebook, which is valued at $3.4 billion, according to WhoOwnsFacebook.com. [...]
Gurgaon-based travel service portal MakeMyTrip will list on the Nasdaq under the symbol MMYT. It has filed a registration statement with the SEC for a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range has not yet been determined. Morgan Stanley will be the [...]
Update: SKS Microfinance today announced Rs 850-Rs 985 per share as the price band for its upcoming IPO, which opens on Wednesday — read the Bloomberg report. At the upper price band, it can expect to raise as much as Rs 1.65 crore (about $344 million) says the report. VCCircle reports that Sequoia Capital could [...]
Update: The NVCA has just put out the Q1 venture capital investment numbers — $3 billion across 549 deals. This represents a 47% decline from the $5.7 billion invested in Q4 2008 across 866 deals. The decline this quarter is even more worrying when compared to Q1 2008 when venture capitalists invested $7.8 billion – [...]