Tata Capital Innovations Funds invests undisclosed amount in enterprise IT company.
Month: July 2013
Naspers-backed Flipkart sizes up competition after $200m round
MIH, the corporate venturing unit of South Africa internet media company Naspers, has backed alongside venture capital firms a $200m fifth round of funding for India-based online book business, Flipkart.com. The funding will help the business strengthen its distribution networks and expand its product lines to compete with global player Amazon.com in its local market of India.
Russian funds inject $1m into RollApp
Russian funds continue investing abroad, as Leta Capital and TMT Investments invest in Californian startup RollApp.
Sodhani warms to Russian weather
How difficult is Russia as an investment destination for an international investor? Acclimation, at least, is not a problem, according to Intel Capital’s President Arvind Sodhani who celebrated the fund’s ten years of activity in Russia earlier this month. “I imagine Moscow as a city covered by 10 feet of snow, but every time I… Continue reading Sodhani warms to Russian weather
Ioxus recharges itself
Battery maker backed by Energy Technology Ventures and Aster Capital raises $15m out of a $20m equity offering.
BMW-backed Life360 tracks down $10m
Family location app takes total funding to $20m with latest B round.
Naspers fills warchest
Myriad International Holdings (MIH), the electronic media arm and wholly owned subsidiary of South Africa-based media group Naspers, has priced a bond offering of $750m 6% notes due 2020. Naspers, which is guaranteeing the bonds, has issued a statement that: “The net proceeds will be used for general corporate purposes, including future acquisitions and the… Continue reading Naspers fills warchest
Rocket Internet reaches new heights
Rocket Internet lays claim to being the world’s largest internet incubator after raising $500m since May 2012 from partners Investment AB Kinnevik and Access Industries.
Collective Media collects $20m
Cox Media Group and Samsung Ventures invest in big-data-driven advertising company.
Google Ventures riveted by BackOps
Google Ventures joins series A funding for professional services company.
Kymeta satellites $50m
Kymeta Corporation, a satellite parts manufacturer, raises $50m series C with backing from consortium including Liberty Global.
The Big Deal: Straightening the clouds
Deutsche Börse’s commodity exchange for cloud computing resources, a sector attracting widespread corporate venturing investment, holds out the promise of doing for cloud computing what GSM standardisation did for mobile communications. Deutsche Börse has just led a $20m funding round for Zimory, a Germany-based provider of cloud management software. Return backers included T-Venture, the venture… Continue reading The Big Deal: Straightening the clouds
KDDI makes a play for Mutations Studio
The Asia-based gaming sector has yet another deal announcement to make with the latest $2.2m series A round of funding for Japan games developer Mutations Studio made by KDDI Open Innovation Fund, the corporate venturing entity behind Japan-based telecommunications and mobile network company KDDI group.
Water innovation in oil and gas: the videos
Industry experts concurred that over time there would be significant investment in water innovation in oil and gas, which would likely be driven by future regulation, due to concerns about the environmental friendliness of fracking.