India needs more local Venture Capital firms for stable ecosystem

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Sudheer Kuppam has moved on from Intel Capital, chipmaker Intel Corp.’s corporate venture capital arm, to start his own venture, Epsilon Venture Partners. The firm’s debut fund will raise $400 million to invest in technology start-ups across Asia, including India. Singapore-based Kuppam takes the entrepreneurial plunge after 15 years of… Read more »

ONGC buys 15% stake in Russia’s Vankorneft oil project for $1.3b

India took a step towards bolstering its energy security with state-owned ONGC Videsh Ltd on Friday buying a 15% stake in a unit of Russia’s OAO Rosneft, the world’s largest publicly traded oil company, for $1.3 billion (around Rs.8,635 crore). The acquisition in CSJC Vankorneft, an OAO Rosneft subsidiary, will… Read more »


India : Hyperlocal start-ups feed into funding frenzy

Too lazy to do the laundry or pick up groceries from the neighbourhood store? Want new cuisines delivered at the doorstep every day? These are some of the customer wishes so-called hyperlocal start-ups are trying to fulfil in Indian cities—with discounts thrown in—and investors are eagerly helping these start-ups do… Read more »


Ebay turns 20: From auction house to marketplace

EBay, one of the pioneers of global e-commerce, turns 20 today. The company was founded by French-born Iranian computer programmer Pierre Omidyar in September 1995, a time when start-ups were still not the flavour of the street. Back then it was called AuctionWeb and was renamed eBay in September 1997…. Read more »


Wincourse acquires 85% stake in start-up firm Mappr

Delhi-based DCS Certification Pvt. Ltd, which runs education technology firm Wincourse, has acquired an 85% stake in smaller peer, social learning start-up Mappr, for an undisclosed amount, a company executive said on Friday. “Wincourse is developing a complete suite of education technology solutions, and acquisition of Mappr is a strategic… Read more »


New B2C definition set to determine future of India’s multi-dollar billion e-commerce business

India’s industry department will soon define the term marketplace and also elaborate on just what constitutes retail and wholesale trading on such platforms—a move that will decide the future of not just India’s booming e-commerce business and high-profile start-ups, but also that of traditional retailers that have long alleged that… Read more »


India: Dr Reddy’s VC arm plans to foray into healthcare businesses

Dr. Reddy’s Laboratories Ltd’s new venture capital arm is considering 20 business proposals, including a chain of dental clinics and health diagnostic laboratories and is likely to back one or two as part of a plan to transform India’s second-largest drug maker into a broader health-focused company. “We haven’t invested… Read more »


India Dealbook: Housing.com in deal talks with China’s SouFun; Baidu, Fosun eye investments in Indian startups

At a time when Chinese companies are facing unfavourable business conditions at home, India’s burgeoning e-commerce market lures them with innumerable investment opportunities, particularly in the startup space. Housing.com in talks with Chinese SouFun for strategic investment or buyout Mumbai-based realty portal Housing.com has begun talks with Chinese real estate portal… Read more »


Sudheer Kuppam’s VC firm to raise $400 million

Sudheer Kuppam, former managing director at Intel Capital, has formed his own venture capital (VC) firm, Epsilon Venture Partners, and plans to raise $400 million for the venture. Kuppam, who left Intel on 31 August after leading its investments in the Asia-Pacific, said the new fund will focus on investments… Read more »


Cipla to acquire generic businesses in US for $550m

Mumbai-based Cipla Ltd on Friday announced that its UK arm Cipla EU will acquire two US-based companies, InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc., for $550 million. The combined revenue from these transactions is over $200 million for the year ended December 2014 and over $225 million in the 12… Read more »