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Investment

Bangalore-based online-offline higher education services provider iNurture Education Solutions has raised Rs 30 crore investment from Bertelsmann India Investments (BII), the Indian investment arm of the German media conglomerate Bertelsmann. The ... Continue_Reading
Bangalore-based self-driven car rental service ZoomCar has raised $8 million from Sequoia Capital, with participation from new investors former Infosys CFO Mohandas Pai, Manipal Group’s head of corporate affairs Abhay ... Continue_Reading
Assessment, test design, and feedback solutions provider for K-12 schools Xamcheck has raised $1.8 million from Aspada Investment Company. The Secunderabad-based company plans to utilize the funds to invest in its back-end ... Continue_Reading
Bangalore-based data analytics company Marketelligent has been acquired by US-based software developer and technology consultant Brillio for an undisclosed amount. Following the acquisition, the 100 employees of Marketelligent will join the New Jersey headquartered Brillio. ... Continue_Reading
91mobiles.com, a gadget research site, raised $1 million in its pre-Series A round of funding led by India Quotient, with participation from individual investors like Gaadi.com’s ex-CEO Umang Kumar and ... Continue_Reading
IDG Ventures-backed SaaS-based applications security testing provider, iViz Security has been acquired by the US-based software security services and solutions provider, Cigital Inc. Post acquisition, the Bangalore-headquartered company will operate as ... Continue_Reading
Japanese telecom giant SoftBank has committed to invest $10 billion in the IT and communications segment in India in the coming years, telecom minister Ravi Shankar Prasad has told PTI. ... Continue_Reading
UK-based ISP New Call Telecom has acquired a majority 70% stake in the mobile instant messaging and VoIP company Nimbuzz Nimbuzz for about $175 million, reports the Economic Times. ... Continue_Reading
Update: SoftBank Internet and Media Inc (SIMI) has officially confirmed (pdf) that it is leading a $210 million into Olacabs along with existing investors. As part of the deal, SIMI CEO and former ... Continue_Reading
October 28, 2014: Just Dial has issued a clarification pointing out that their IPO last year was an offer for sale (from investors), and the company hadn’t raised any funds ... Continue_Reading
Times of India group’s digital venture Times Internet has acquired the online personal finance platform Moneysights for an undisclosed amount. ... Continue_Reading
Mindhelix raises over $100,000 via Kickstarter campaign Kochi-based startup Mindhelix, which develops the home security device Rico, has raised over $100,000 from nearly 750 backers on the crowdfunding platform, Kickstarter. ... Continue_Reading