The thought of compiling a formal business plan can be quite daunting to the entrepreneur. Many of us see ourselves as the creative type rather than the formal intellectual and we might have an inbuilt tendency to try and fly by the “seat of our pants”. In spite of the pain, perceived or otherwise, involved [...]

Share on Facebook

Exisiting backers Matrix Partners and Intel Capital also invested in Itz Cash, which has a turnover of Rs 1,700 Cr. Lightspeed Venture Partners has led a Rs 50 crore second round of funding in Itz Cash Card Ltd, a multi- purpose pre-paid card company. Exisiting investors Matrix Partners India and Intel Capital also participated in [...]

Share on Facebook

Just Dial has earlier raised funding from SAIF Partners and US-based hedge fund Tiger Global. Sequoia Capital India has picked up a stake in Mumbai-based local search firm Just Dial Pvt Ltd for Rs 40 crore (~$8 mn). The Silicon Valley headquartered  venture capital firm has picked up a little less than 10% stake from [...]

Share on Facebook

Bangalore based redbus.in under the ownership of Pilani Softlabs Pvt Ltd, a premier website that offers online Bus Ticket Booking and distribution services has raised a second round of funding from Inventus Capital. The funds will be used by redBus to further increase the number of bus routes and tickets available on its platform while [...]

Share on Facebook

Bangalore based Tutorvista.com raised $19 million in third round funding from Pearson, Lightspeed and Manipal Group is now is gearing up for an aggressive global expansion and acquisition-led growth for his education venture TutorVista Global Pvt Ltd. TutorVista, founded three years ago, has so far raised a total of $38 million. Its initial capital came [...]

Share on Facebook

Chinese e-commerce giant Alibaba Group plans to spend at least $200 million on acquisitions and other investments in the next few years. The investment plan is another example of Alibaba’s willingness to spend despite the slowing global economy. The company has also committed $30 million to marketing one of its Web sites, and plans to [...]

Share on Facebook

Facebook has announced that Digital Sky Technologies (DST), one of the leading internet investment groups globally with significant stakes in Eastern European and Russian internet businesses, has made a $200 million investment in Facebook in exchange for preferred stock, representing a 1.96 percent equity stake at a $10 billion valuation. In addition, DST has indicated [...]

Share on Facebook