Quikr Mauritius, the holding company of classifieds portal Quikr India, has completed its second round of funding, raising Rs. 200 million from Omidyar Network and Matrix Partners India. Omidyar is a ... Continue_Reading

E-commerce firm ItzCash Card has completed its second round of funding, two years after it raised $ 10 million from Matrix Partners and Intel Capital. This time, it raised Rs. ... Continue_Reading

Financially starved production house Dreamworks Studios will raise a total of $825 million (around Rs. 4000 crore) over the next three years with the help of Reliance ADA group chairman ... Continue_Reading

Bangalore-based Pilani Soft Labs, owner of Redbus, the website that offers bus ticket bookings and distributions, has closed its second round of funding from Inventus Capital Partners, Seed Fund and ... Continue_Reading

Online classifieds site OLX has raised $5 million from Indian venture capital fund Nexus India Capital, reports TechCrunch; the company has classifieds sites for 85 countries. OLX does have an India ... Continue_Reading

(By Preethi J & Nikhil Pahwa) Cyber cafe software company Ideacts Innovations has raised an undisclosed amount of money in its second round of funding from Sequoia Capital and Silicon Valley Bank, The ... Continue_Reading

HealthcareMagic has secured $2.5 million in its first round of funding from venture capitalist Accel India, according to VCCircle. Accel India, formerly Erasmic Venture Funds, has also backed other healthcare ... Continue_Reading

Sandeep Murthy of KPCB & Sherpalo Ventures, in response to Sloka Telecom CEO Sujai Karampuri’s comments on the apathy of Venture Capitalists towards technology componies:  Interesting discussion… here’s how I look ... Continue_Reading

Chakpak.com, a film based content portal has raised an undisclosed amount of money from VC firm Cannan Partners, according to Pluggd.in, a Yahoo employees blog. We contacted Alok Mittal of Canaan Partners ... Continue_Reading

We’ve just received a response from Sumir Chadha, MD, Sequoia Capital India, about the prospects of their investment in Guruji.com – Guruji co-founder Gaurav Mishra has left the company and ... Continue_Reading

It’s been over 7 months since we first heard about Carwale.com raising $7 million from Sierra Ventures, and almost six months since CEO Mohit Dubey first publicly disclosed the funding ... Continue_Reading

Sequoia Capital funded website Minglebox.com appears to have gone in for a mid-course correction, writes Pluggd.in. Minglebox was built as an online alternative to a “college hangout” (more on that here) ... Continue_Reading