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Innoz Technologies headquarters at Koramangala, Bangalore

Innoz raises $3 million series A from Seedfund; creates exit for angel investors

Posted on April 30, 2012 by Snigdha Sengupta | 1 Comments

Bangalore-based Innoz Technologies, developer of mobile search engine SMSGyan which has now been rebranded as 55444, has raised a Series A round of funding from Seedfund, an early stage venture capital investor based in Mumbai. While the size of the investment has not been disclosed in the press release issued by Seedfund, sources close to the firm said it has…

HandsPick Rebrands to DonebyNone, Targets Women’s Fashion

Posted on March 26, 2012 by StartupCentral | 0 Comments

HandsPick, a Delhi-based fashion apparel and accessories ecommerce site owned by Intuitent Online Venture, has rebranded to DonebyNone, reports IndiaDigitalReview. The company now positions itself as an ‘online-only women’s fashion fantasy’, according to its website. The site, currently in beta, sports a multiple brands of handbags, totes and clutches. Media reports say that the company has also changed its name to…

Valuation benchmarks for angel investing in India

Posted on February 10, 2012 by Anand Lunia | 0 Comments

Are there any kind of benchmarks around angel investment valuations in India, especially with respect to business plans that are just on paper? First of all, organised angel networks, such as Indian Angels Network, Mumbai Angels or even seed funds rarely fund paper plans. So the real first cheque – Rs 50 lakh or less – comes from FFF (family,…

Exclusive: HandsPick Raises $2 Million Series A From Seedfund

Posted on January 18, 2012 by Snigdha Sengupta | 1 Comments

Venture capital’s fascination with ecommerce startups in India continues into 2012. HandsPick, a fashion apparel and accessories ecommerce brand owned by Delhi-based startup Intuitent Online Venture, has raised $2 million in what is most likely a Series A round of funding from Seedfund. The deal could not be confirmed either with Seedfund or HandsPick at the time of publishing this story, but sources…

Exclusive: Seedfund Kickstarts 2012 with Two New Deals

Posted on January 4, 2012 by StartupCentral | 1 Comments

Barely a week into the new year, specialist seed stage investor Seedfund is close to signing two new deals worth nearly $5 million. One of the deals in play is a startup in the mobile value added service segment, which is likely to corner a commitment of $3 million, while the other is an ecommerce startup based in Delhi, said…

Are High Valuations the Preserve of Early Stage Investors?

Posted on August 10, 2011 by StartupCentral

Indian startups, especially those building online businesses, have lately been seeing more than the usual level of interest from venture capital investors. As more and more deals get done, across stages from seed to Series B and C, the inevitable and pertinent question is: are the current valuations justified? Let’s consider the early-stage valuations of some of the more successful…

Why Startups Need to Be Thought Leaders

Posted on June 20, 2011 by Anand Lunia

Wikipedia defines thought leadership as “recognition from the outside world that the company deeply understands its business, the needs of its customers, and the broader marketplace in which it operates.” Yet, so many startups that have built decent products, and even a few that have great products, fail to give enough importance to this aspect. The most common descriptions of…

Seedfund invests $2.2 million in Jeevanti

Posted on May 28, 2011 by Snigdha Sengupta

Mumbai-based Seedfund has announced a $2.2 million in Jeevanti Healthcare, a company that is setting up secondary hospitals in Tier II and III cities in Maharashtra and Gujarat. This is Seedfund’s second investment in a hospitals chain. It has earlier invested in Bangalore-based low-cost hospitals chain Vaatsalya Healthcare, which focuses on second rung cities and rural areas. Jeevanti, which is…

Helion leads $6.5 Million series C round in redBus

Posted on May 17, 2011 by Snigdha Sengupta

Pilani Soft Labs, makers of online bus ticketing solution redBus, said in a press statement that it has raised $6.5 million in Series C funding. The deal was led by existing investor Helion Venture Partners. Seedfund and Inventus Capital Partners, also existing investors, participated in the round. Startupcentral was first to report the Series C round. redBus was founded in…

[Breaking] redBus to raise $6 Million series C from existing investors

Posted on May 13, 2011 by Snigdha Sengupta

Bangalore-based Pilani Soft Labs, makers of online bus ticketing service redBus has raised $6 million in Series C funding from existing investors Helion Venture Partners, Inventus Capital and Seedfund. This takes the total venture capital raised by the company to $9.5 million. Seedfund, which seed funded the company in 2008, remains the largest shareholder, said executive director Anand Lunia, confirming…