Sequoia, SAIF Partners Back KAE Capital’s Maiden Fund

KAE Capital, a Mumbai-based seed and early stage venture capital firm founded by former BlueRun Ventures India head Sasha Mirchandani, has raised its maiden $25 million fund, reports Mint. In what is probably a first for the Indian market, the firm has raised a sizable portion of its corpus from four larger venture capital firms currently active here. Sequoia Capital,…

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MakeMyTrip files for Nasdaq listing

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 sole bookrunning manager and Oppenheimer…

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One97, SAIF Partners Launch Mobility Fund

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 and $5 million per startup….

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Sequoia India Invests Rs 40 crore in Just Dial

Sequoia Capital India has invested Rs 40 crore (about $8 million) in Just Dial, a multi-platform local classified listings (local search) firm based in Mumbai. The investment has been made from the $300 million Sequoia Capital India Fund III, the firm’s third venture capital fund raised in 2007 for the India market. Other investments from this fund include Vasan Healthcare,…

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