India’s mobile tech startup Mubble secures funding from Accel Partners


Mubble Networks Pvt. Ltd, a start-up that helps smartphone users track their spending on calls, SMSes and mobile data, has raised an undisclosed amount in a Series A funding round from venture capital firm Accel Partners to scale its business. The announcement comes nearly a month after Nandan Nilekani, Infosys… Read more »

India Dealbook: Mohandas Pai invests in Faircent; Zify raises $190K in angel funding

Online lending platform Faircent has raised an undisclosed amount in funding from TV Mohandas Pai led Aarin Capital Partners, while carpooling app Zify has raised $190,000 in the first round of angel funding from two city-based angel investors and Sean O’Sullivan of SOSventures. Mohandas Pai’s Aarin Capital invests in Faircent… Read more »

India: Kolte Patil buys out 100% stake in Corolla Realty for $25m

Pune-based real estate firm Kolte Patil Developers Ltd has bought out its two joint venture partners in a Pune based real estate project. In a notification to stock exchanges on Monday, Kolte Patil said that it now controls 100% of Corolla Realty Ltd, a special purpose vehicle (SPV), after spending… Read more »

Meet the top 10 hottest Indian startups chosen by Nasscom’s Emerge

India’s software lobby Nasscom on Tuesday gears up to announce its EMERGE 10 Awards that “recognize information technology products and services organizations that are redefining the benchmarks of excellence for the technology industry”. A part of Nasscom’s EMERGE 50 2015 Awards, which search for India’s most innovative emerging information technology… Read more »

India: PolicyBazaar in talks to raise $50m to fund expansion plans

Gurgaon-based eTechAces Marketing and Consulting Pvt Ltd., the company that runs online insurance policy aggregator PolicyBazaar, is planning to raise more funds to meet its growth requirements at a time when funds are available cheaply. The company had raised $48 million earlier this year from PremjiInvest, the personal investment vehicle of Wipro chairman Azim… Read more »

India: Travel portal Tripoto gets funding from 500 Startups, IDG Ventures, and others

Travel portal Tripoto has raised an undisclosed amount in funding from Silicon Valley-based seed fund and startup accelerator 500 Startups, IDG Ventures, and Advantedge fund. Other investors who participated in the round include Neeraj Arora, vice-president at Whatsapp, and Leon Seynav, chairman of Stanhope Capital LLP, the company said in… Read more »

India: PE firm Everstone acquires controlling stake in auto components maker SJS for $54m

Private equity player Everstone Capital has acquired a controlling stake of over 51 per cent in domestic auto components maker SJS Enterprises for about $54 million (Rs 350 crore), said a report in The Economic Times. The stake was acquired by Everstone from existing investors in SJS including American specialty… Read more »

Indian realty major DLF promoter stake sale to kill two birds with one stone

On 8 October, the promoters of realty firm DLF Ltd decided to sell a 40% stake in the rental subsidiary—a value-yielding entity. Why the sudden move? Will it be a game-changer for the company and investors? The answers hinge on the modalities of the deal, which is yet to unfold…. Read more »

India: Coffee Day not a great investment yet; will IPO investors fare better?

In early March, Coffee Day Enterprises Ltd sold shares to Nandan Nilekani, Rare Enterprises, Ramesh Damani and a few others at Rs.362.50 apiece. This week, the company announced that its initial public offering (IPO) in mid-October will be priced between Rs.316 and Rs.328 per share. The broad markets have declined… Read more »

Can Apax Partners expect high returns from its investment in Indian IT player Zensar?

Zensar Technologies Ltd turned out to be a terrific investment for private equity fund Electra Partners. Including dividends, the value of its investment rose by about 19 times, generating an annual return of 18% over an 18-year period. Now, Apax Partners has bought Electra’s 23.2% stake in Zensar for around… Read more »