Early this week, Aakrit Vaish, a Mumbai based technology entrepreneur and angel investor, had a windfall. One of his more recent investments, online real estate listings and search startup Flat.to got acquired by Bangalore company Commonfloor for an undisclosed amount. Vaish had angel funded the company less than a year ago (the amount was undisclosed).…More
Author Archives: Snigdha Sengupta
Commonfloor buys Flat.to in cash-and-stock deal; angel investor Aakrit Vaish exits
Mumbai based Flat.to, the online real estate search and listings platform targeted at students and single working professionals, has been acquired by Commonfloor barely a year after it was founded. The financial details of the deal have not been disclosed. However, founder Gaurav Munjal told us that the deal is a cash-and-stock transaction. Post-acquisition, Munjal…More
Aditi Shrivastava on the I3N model and growth plans for the next 12 months
Among the several sessions that we’re looking forward to at the 2014 Sankalp Uncovention Summit that gets underway today is the one that will see four portfolio companies from the Intellecap Impact Investment Network (I3N) showcase their businesses. Apart from the companies themselves, the session will be an interesting look into how the I3N model…More
Mayank Khanduja on Appiterate and SAIF Partners’ big focus on seed deals
Earlier this week, SAIF Partners, the Gurgaon headquartered early-to-growth stage investor, disclosed a $500,000 seed investment in mobile app A/B testing startup Appiterate. What’s interesting about that deal is that SAIF brought in angel investors Greg Badros and Prashant Malik as part of the seed round, after it had decided to invest in the company.…More
India Quotient’s new MO — hike deal ticket sizes, avoid single founder startups
India Quotient, the early stage venture capital firm that focuses on pre-Series A stage startups, will play the deal market in 2014 with some small but critical tweaks to its earlier investment strategy. The shift will see the firm, currently investing from a $5 million (Rs 30 crore) fund, increase its deal ticket size, stay…More
Google Capital emerges from stealth; bets on education
Search giant Google has taken the lid of off its growth equity investment arm Google Capital. Backed by proprietary capital from its parent, the firm is being led by partners David Lawee, Scott Tierney and Gene Frantz. It is also announcing its first bet on the education sector with a $40 million investment in Renaissance…More
Mayfield raises $108 mn India Fund II
Mayfield Fund, the Menlo Park headquartered early-to-growth stage venture capital investor, is announcing the closing of its $108 million second India focused venture capital fund, dubbed Mayfield India II. A total of nine institutional investors have participated in the fund, the firm said in an SEC filing yesterday. Earlier in January this year, the firm…More
Omidyar Network India chief Jayant Sinha quits firm
Jayant Sinha has stepped down as managing director and head of India investments at Omidyar Network, the impact investment firm backed by eBay founder Pierre Omidyar and his wife Pam. An Omidyar Network spokesperson at the firm’s Mumbai offices confirmed the development to StartupCentral today. The firm is currently in the process of evaluating candidates…More
DFJ raises $325 million early stage fund; Draper, Fisher step back from investing roles
Silicon Valley venture capital firm Draper Fisher Jurvetson (DFJ) is announcing that is has raised DFJ Venture XI, a $325 million early stage venture capital fund. Notably, two of the firm’s founders, Tim Draper and John Fisher, will not be investing partners for the new fund. They will however continue to remain of the firm’s…More
Former Mumbai Angels chief Anil Joshi raising $25 mn pre-Series A fund
More pre-Series A money is on its way for early stage startups. Former Mumbai Angels president Anil Joshi is raising $25 million for a new fund dubbed Dev Venture Fund. The technology sector-focused fund will invest at the pre-Series A stage. Joshi plans to raise up to 60 per cent of the fund corpus from…More