Dailyhunt Picks Up Minority Stake in OneIndia for Rs 15 CrNews and ebooks mobile application Dailyhunt has picked up a minority stake in local news language portal, OneIndia, for Rs. 15 crore. The investment will help Dailyhunt expand its partnership with OneIndia, which is owned by Greynium Information Technologies.
The deal will help Dailyhunt, which focuses on local language users, generate multimedia content, especially short format video and audio, for its platform, as reported by ET. The two companies already have a content partnership.
Virendra Gupta, founder & CEO of Dailyhunt, will also join the board of Greynium as part of the deal. OneIndia was founded in January 2006 by Rajesh Jain and BG Mahesh, it provides local language content and publishes content across genres such as lifestyle, entertainment, technology, automobiles, travel, personal finance and education in eight local languages.
Besides OneIndia, its websites include that’s Cricket, FilmiBeat and CareerIndia. It reaches 35 million unique visitors and 500-million page views a month.
Dreamworld Digital in Talks With PE Companies to Raise Upto $5-6MeCommerce startup Dreamworld Digital, which runs online retail store BollyWoo.ooo, is in talks with three leading private equity players to raise $5-6 million, to expand from apparels business to Bollywood locations tourism.
BollyWoo which launched in February, has already seeing 20-25 orders per day with out much promotion. The company has close to 4,500 active subscribers, out of which 20 per cent are returning customers.
The company ties up with film producers to get movie clips and manufactures the outfits wore by the actors, by finding the closest material. Also, the firm wants to launch Bollywood locations tourism, wherein the company will partner travel agencies to create custommade Bollywood theme tours.
SRI Capital Invests $1.3M in Two SaaS Startups – Yellowdig in Pune & Zuppler in DelhiSeed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. Till now, the fund has invested in 15 SaaS startups in his current portfolio of 23 companies.
Yellowdig which is headquartered in US and based out of Pune, has created a course collaboration software that universities can use as a complement to their current learning management systems.
University of Pennsylvania, Northwestern and Duke University, among others, are already on its list of clientele.
The raised funding will be used by the Yellowdig and Zuppler to scale up and roll out their products in global markets, as per ET report. Zuppler’s software technology targets independent restaurant owners to help them streamline all the technologies through the Zuppler platform and take control of all their online customers.
Kris Gopalakrishnan-backed JetSynthesys Launches 'Garage' for Startups With $3M Funding Infosys co-founder Kris Gopalakrishnan-backed JetSynthesys Ltd today announced the launch of 'Garage', a co-working space ideal for entrepreneurs that takes collaboration to a new level with creators, innovators and passionate learners. Having a capacity of about 170 seats, 'Garage' will also work with digital transformation teams of large Indian traditional businesses.
Garage will house small teams from large internet businesses making it a very unique collaborative workspace that provides infrastructure, allied services, training and networking events, mentoring sessions, meetups with VCs and leading technology capabilities so that the members of the startup community can completely focus on doing what they love and quickly grow into larger, sustainable businesses.
JetSynthesys has already invested over $3 million in Garage. About 10 start-ups, which have been incubated, accelerated or invested in by Jetlabs and Jetventures in India or Silicon Valley, have started using Garage’s facility, as reported by ET.
SoftBank Agrees to Buy British Chip Designer ARM Holdings for $31BJapan's SoftBank Group is set to agree a deal to buy British chip designer ARM Holdings for around $32 billion, as per ETTech report. If confirmed, the deal would be one of the largest in European technology to date.
ARM, the most valuable tech company listed in London, is a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.
ImageProVision Tech Raises Angel Funding from Ex-Blue Star MD Satish JamdarPune-based image analysis startup ImageProVision Technology has raised an undisclosed round of angel funding from Satish Jamdar, former managing director of Blue Star, as per ET report.
Started by Sandeep Kulkarni and Prithviraj Jadhav, ImageProVision will use the raised funding towards further strengthening their presence within the pharma sector and tapping into more clients, as well as entering other sectors like biotechnology and medical imaging.
The company makes products that enable companies to extract and analyse data drawn from images. It caters primarily to the pharma sector and counts nine out of India's top 10 companies among its clients.
DCM Ventures Raises $770M Funds For Tech StartupsUS-based DCM Ventures, venture capital firm has raised $770 million for its various investment funds. Of this amount, $500 million will be used for DCM’s eighth flagship global investment fund, $100 million (A-fund) for early-stage startups, and $170 million (Turbo Fund) for growth-stage companies.
Founded in 1996, DCM Ventures invests in tech companies in the U.S. and China. Japan also accounts for 10% of the VC fund’s investments.
Till date it has invested in more than 280 technology companies include as58.com Inc, KakaoTalk, YikYak, Eaze, Jawbone, Tuniu Corp. and Vipshop Holdings Ltd.
DCM Ventures looks to invest around $5 million to $10 million per company with its flagship fund. The firm is interested in bets on artificial intelligence startups, messaging platforms, drones, virtual reality and cross-border technology, such as apps to teach a foreign language, as reported by VentureBeat.
GolfLan Buys Dubai-Based Co StayPrimeDelhi-based golf inventory aggregator GolfLan announces the acquisition of a Dubai-based golf technology company, StayPrime, in a deal close to a $ 1 million.
StayPrime signatures its first major acquisition for GolfLan, which is actually looking to consolidate its position as the leading provider of golf and related technology products as quoted by ET.
StayPrime is a global company in golf technology that brings in a huge basket of services and systems that often helps golf courses give the players a bigger value with the latest technology and assistance said Dhruv Verma, chief executive at GolfLan.
The various products offered by StayPrime’s Technology are holeby-holy guides, 3D fLybys for golf courses,golf cart management tools, track pace of play, weather alerts, on-course food and beverage management etc and these products have been used in several golf courses.
O2O Platform Fashalot Is Raising $5M in Fresh Funding Fashalot, an O2O (online-to-offline) location-based fashion and store discovery mobile platform that plans to raise up to $5 million Series A funding from venture capital.
The Gurgaon-based firm had raised an undisclosed amount of funding in April from YourNest Angel Fund and angel investor Rajul Garg.
The Co-Founder and chief financial officer, Rishi Batra said that, the funds will be utilised for technology scalability, product advancement, growth in the existing market etc as quoted by DealStreetAsia.
O2O businesses, which have a huge name in china, are growing fast in india.While they have received only a fraction of the funding that their e-commerce peers have got, the opportunity is huge. Such startups draw mobile users to local physical stores and services.
Motilal Oswal I-Banking CEO Maheshvari Quits To Launch $300M Debt FundAshutosh Maheshvari, chief executive of Motilal Oswal Group’s investment banking business, quits the firm to launch a structured debt fund, after 10 years with the firm.
Earlier Maheshvari had joined the investment banking practice of Motilal Oswal in 2006. He was previously an executive director at Rabo India Finance Pvt. Ltd, a non-banking financial company that is part of Rabobank Group as quoted by DealSreetAsia.
Maheshvari along with three other founding partners, is looking to raise around $300 million for his new venture called Catalyst High Yield Fund.
“The fund’s objective is to generate income streams by investing in debt instruments in Indian corporates and share upside through increase in profit or equity value of investee companies,” Maheshvari said in an email response to queries seeking comment on the venture.
