Gurgaon-based Hector Beverages, which retails the energy drink brand Tzinga, has raised a $8 million in a second round of funding led by Sequoia Capital India. Existing investors Catamaran Ventures and Footprint Ventures have also participated in the round. The company had reportedly raised a Rs 6 crore (a little over $1 million) first round [...]
Singapore-headquartered location-based mobile advertising platform AdNear has raised Rs 35 crores ($6.3 million) in Series A funding from Sequoia Capital and Canaan Partners. The funds will be used to help the firm expand to the Asia Pacific region and increase headcount.
Suburban joins the current Sequoia India healthcare portfolio, which includes Celon Labs, Global, SCIO Health and Vasan Healthcare. It will use the funds raised to expand beyond Mumbai.
Existing investor Qualcomm Ventures, which invested $100,000 in the company in 2009, also participated in the round. The funds will be used to expand to the North American market and further Capillary’s presence in existing markets.
The selling point for OneAssist will be the sheer convenience of a one-stop solution. To get to market, the founders are employing a direct-to-consumer and business-to-consumer model. Lightspeed and Sequoia invested in the company last year.
SAIF Partners, Tiger Global, Sequoia Capital, EGCS and SAP Ventures, who together currently own 60.88 per cent of the company, are selling 94.54 lakh shares as part of the offering. The company raised $57 million from VCs in June.
Practo signed up with The Morpheus in July 2009. The startup accelerator subsequently invested Rs 10 lakh in the company as part of its seed round and will retain most of its stake.
Mumbai-based local search company Just Dial has raised Rs 327 crore ($57 million) as part of a growth round of funding from existing venture capital investors Sequoia Capital and SAP Ventures.
Sequoia Capital is reportedly raising an aggregate of $1 billion across at least three new funds, including a China-dedicated fund. The firm last raised a $1.3 billion global fund in 2010. (Source: Termsheet). Read our previous posts on Sequoia: Michael Moritz steps back from Sequoia due to rare illness Sequoia, SAIF Partners back Kae Capital’s [...]
Sequoia Capital’s Michael Moritz, among Silicon Valley’s legendary venture capitalists, is scaling back his day-to-day management of the Menlo Park, California-based venture capital firm, according to various media reports. In a letter informing Sequoia’s limited partners of the development on Monday morning, Moritz said that he has been “diagnosed with a rare medical condition which can [...]
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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