Online Investment Platform Goalwise Gets Angel Funding from HNIsOnline investment platform
Goalwise, which is backed by Alphafront Finserv Pvt. Ltd, has raised $1 million from a bunch of high net-worth individuals (HNIs). HNIs were associated with the financial services sector but the startup declined to name the individuals.
The funds raised will be used to scale up Goalwise’s technological, analytical and operations infrastructure. The fin-tech startup will look at raising about $5 million in the next three to four months.
Anand Mahindra Invests in Digital Storytelling Platform for Women SheThePeople.TVAnand Mahindra, Chairman of Mahindra Group has invested into Indian digital storytelling platform for women
SheThePeople.TV, founded by journalist Shaili Chopra.
Mahindra has invested in his private capacity in the video platform, which is building a much-needed digital media space and ecosystem for women achievers and is dedicated to championing and promoting their success stories.
Since its inception, SheThePeople.TV has profiled stories of nearly 10,000 inspiring women, who are entrepreneurs, authors, game-changers, sportswomen, corporate executives and more. It has been able to offer networking opportunities to over 100,000 women via conferences, meets and other events. It was an official partner for the government’s prime program for entrepreneurs Start-Up India and for the startup initiative at Make In India week in Mumbai.
Singapore Based PE Firm Nalanda Capital Close to Raise $620M For Third FundSingapore-based PE investment firm,
Nalanda Capital is about to raise $620 million for its new fund. This will take the total corpus raised by the firm to $1.5 billion. The firm has already registered with US market regulator Securities & Exchange Commission (SEC) to raise the capital for its third fund.
It raised its second fund worth $475 million in 2011 and received its first fund worth $400 million in 2007. Former Warburg Pincus India managing director Pulak Prasad’s investment firm Nalanda Capital has built a large portfolio of India-based public-listed companies. Some of its investments include in the companies like Just Dial, Lovable Lingerie, ELGI Equipments, TTK Prestige, Triveni Engineering and others.
Early this year, it had raised its holding in Mumbai-based Just Dial to 7.58%. Nalanda Capital also made some part-exits at the end of 2015 from companies like Lovable Lingerie and Triveni Engineering.
TVS Automobiles Acquires Majority Stake in Auto Parts Portal Jazzmyride TVS Automobiles Solutions Ltd has acquired a majority stake in automobiles accessories portal
Jazzmyride.com. Financial details of the deal is still undisclosed by both the firms. Founded in 2011 by Sunil Dhingra, Jazzmyride was previously known as Storeji.com, the portal sells spare parts, car and bike accessories, cleaning and protection equipment, car audio systems and other components. It claims to offer more than 10,000 car and bike accessories from 52 brands.
TVS Automobile is part of the Chennai-based TVS Group. This deals comes as the firm seeks to establish a foothold in the eCommerce sector.
Facebook Acquires Edinburgh Based Two Big Ears to Push Its VR AmbitionsFacebook on Tuesday acquired Edinburgh-based company Two Big Ears that specialises in spatial 3D audio in cinematic and gaming experiences, to push its VR ambitions.
Facebook will make the Two Big Ears' "3Dception" technology free for developers as part of their new "Facebook 360 Spatial Workshop.".
Sachin Tendulkar Promoted Sports Based Virtual Entertainment Company Smaaash Close to Raising Rs 200 croreSachin Tendulkar Promoted
Smaaash Entertainment, a sports-based virtual entertainment company, is close to raising Rs 200 crore from private equity investors to fuel its expansion plans.
"Right now we are in the midst of raising money for our international expansions and we should announce the closure in the next one month," Smaaash founder Shripal Morakhia said. He added that the investors are global PE funds but declined to share their names.
