New Delhi-based mobile app Cardback has raised Rs 1 crore through the online fund raising platform LetsVenture, reports TechCircle citing sources. Cardback’s founder Nikhil Wason has declined to comment on this to the publication.
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Bertelsmann India Investments (BII), the Indian investment arm of the German media conglomerate Bertelsmann, has informed that it is investing “a multi-million-dollar amount” in India-focused investment vehicle Digital Nirvana Fund Co. Ltd.
Hyderabad-based event technology solutions provider MeraEvents has raised $1 million strategic investment from OMICS International which organizes science conferences across the world.
Getit Infomedia has inked a strategic partnership with the social & mobile digital services provider TO THE NEW, to launch a new startup market access platform called ScaleIQ.
Delhi based ClearTax that helps you file taxes online has been accepted into Y Combinator,
In a bizarre case, music studios and copyright owners are sending out copyright violation claims against video performances of Carnatic music. YouTube channel Parivadhini has received a notification of copyright violation after uploading a live performance of a composition by famous 19th century composer Thyagaraja
Mobile based CRM company, Helpshift has raised $10 million in a Series A funding from Intel Capital, Visionaire Ventures and existing investors, True Ventures and Nexus Venture Partners.
Cisco’s venture capital arm Cisco Investments has allocated an additional $40 million to fund early stage firms in India.
(By Brindaa Lakshmi & Vikas SN) The newly formed Telangana government is creating a technology development bank that will offer seed funding to startups in the hardware and software sectors, the State information technology minister K.T. Rama Rao told reporters on the sidelines of the recently concluded Indian Gadget Expo (via LiveMint).
Nitesh Kripalani, Executive VP New Media, Business Development and Digital/Syndication of Multi Screen Media has quit the company
Vavia Technologies claims that its SMS-based search engine txtBrowser has crossed 300 million queries to date. Of this, 200 million queries are from India.
State-owned national carrier Air India is in talks with various global agencies to provide Wi-Fi service on its international flights, reports Economic Times.