NetAmbit raises $11.2 million in debt-equity deal

NetAmbit, a Noida-based financial services distribution company, raised $12.4 million in a Series C round early this week from Helion Venture Partners, Bessemer Venture Partners and SVB India Finance. The deal is a combination of debt and equity capital. Helion and Bessemer are bringing in $9.02 million in equity capital. The remainder, 3.38 million (Rs 15 crore) is being raised…

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Nexus, others invest $20 Million in Kaltura

New York-based open source online video platform provider Kaltura has raised $20 million in Series C funding from Nexus Venture Partners, Intel Capital and existing investors .406 Ventures, Avalon Ventures and Silicon Valley Bank. Nexus led this round of funding. Kaltura’s solutions serve more than 100,000 publishers. Its users include Fox, Paramount, HBO, Times of India, Texas Instruments and Columbia…

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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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Venture debt is now available to Indian startups

Venture debt is now available to Indian startups courtesy the just launched SVB India Finance. Led by Ajay Hattangdi, who started dabbling in venture debt during an earlier 12-year stint with Citigroup India, the outfit is based in Mumbai and will provide debt capital to venture-backed early and mid-stage companies — press release. In terms of the company’s corporate structure,…

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