Intel Capital-backed India-based travel company Yatra has reportedly acquired BuzzInTown, an Indian events listings business also backed by the US chipmaker’s corporate venturing unit.
Month: January 2012
Roka secures $47.5m
The Gen-Probe-backed food safety testing company’s latest fundraising takes its total raised since it was founded two and a half years ago to $104.7m.
Holliday pans out for gold council
Richard Holliday said: “After 10 years with the World Gold Council I have decided to seek new opportunities as an independent consultant.”
Legend backs Wulong
Legend Capital, the corporate venturing unit of China-based computer group Legend, and state-backed China-Belgium Direct Investment Fund have taken a minority stake in local conglomerate Wulong’s car parts company Wenzhou Yilong Automobile Parts for RMB40m to RMB60m.
Li falls into Trapit
Trapit’s regulatory filing said the company had raised $5.8m from 24 investors last month and about $4m in 2010.
Ford crosses into the Valley
Venkatesh Prasad, senior technical leader for open innovation with Ford Research and Innovation, told local news provider LA Times: “With so many opportunities and so much potential, our new lab will allow us to scout new technologies and partners in their own environment and continue our expansion beyond the traditional automaker mindset to drive innovation.”
Services for equity offers
News provider Financial Times (FT) said UK-based Sandpit and Germany-based German Media Pool had both struck a deal each.
Contently searches archive for $2m
Contently , a US-based platform for journalists and publishers to broker stories, has raised $2m from a consortium including Consigliere Brand Capital, which offers marketing and has an investment fund joint venture with the fragrance entrepreneurs behind Zig Capital.
ST picks senior managers for fund
STMicroelectronics, a Switzerland-based chip company, has launched its corporate venturing fund run by two of the company’s top managers. Loic Liétar and Guy Lauvergeon are managing director and managing partner, respectively, of ST New Ventures, which will invest in technology, product and service start-up companies serving emerging markets where semiconductors are important, such as healthcare,… Continue reading ST picks senior managers for fund
Salesforce flows into Flotype
Also in the seed round were venture capital firms Andreessen Horowitz, Ignition Partners and InterWest Partners, angel networks SV Angel, Start Fund and Y Combinator and angels.
ICICI backs Star Health
Venture capital firm Sequoia Capital made up the final member of the consortium.
Tata exits Neela
Praj will buy 50.2% of Neela for R64 crore from Tata, stock market investor Rakesh Jhunjhunwala and the Norwegian sovereign wealth fund, according to news provider VC Circle.
Yum enjoys rest of tasty Little Sheep
Yum had previously taken a minority stake in Little Sheep from private equity firm 3i.
CytoPherx gains Kaiser backing
News provider CB Insights said, apart from Kaiser Permanente Ventures, the other investors in the round were venture capital firms