The company, a subsidiary of Intel and SAP-backed One97 Communications, has also allocated $25m for acquisitions.
Month: August 2014
iYogi considers wisdom of pre-IPO funding
SAP-backed technical support firm iYogi is seeking to raise $27m in pre-IPO funding that would add to the $85m already secured, according to reports.
Healthkart seeks $30m to rev up
Intel-backed Bright Lifecare, the operator of online drug store Healthkart, is in talks to raise $30m in series C funding to open two stores in Delhi.
HTGF exits two portfolio companies
The firm sold its stakes in digital imaging technology developer Sopat and metrology analysis company Luphos.
Electric Imp plugs into $15m series B
Four months after entering into a manufacturing partnership with Murata, the chipmaker has raised $15m in a Foxconn-backed series B round.
Siemens and Novartis find Seventh Sense
Blood diagnostics company Seventh Sense Biosystems has raised $16m in a series B round that increased its overall equity funding to $26m.
IDG gets chatty with Maimai
Business chat app Maimai has received $20m in series B funding from IDG Capital and Morningside Ventures, bringing the total raised by the company to $25m.
Trinity picks up baton for RelayRides funding
The venture firm boosted RelayRides’ Google-backed series B round to $35m and the car sharing service will use the funds to expand geographically.
Comcast measures Axial for $11m series B
Axial, a platform that connects business owners to capital, has secured $11m in series B funding in a round that featured Comcast’s corporate venturing fund.
Lockon targets September IPO
E-commerce software producer Lockon, backed by a host of Japan-based corporates, is set to go public in Tokyo.
IDG enters the Metrix
FraudMetrix, which develops security products to protect against internet risks and fraud, has raised $11.6m in a series A round that featured IDG.
Vostok Nafta hails GetTaxi for $150m series D
The Access Industries-backed taxi sourcing app has now raised over $200m and will use the cash to expand in New York and Europe.
Investors spot Lookout for $150m round
The mobile security provider has now raised about $280m, with past investors including Deutsche Telekom and Qualcomm.
Genetic disorder drug developer Prosensa raises $7m
IdInvest-backed biotech company Prosensa has entered into a strategic partnership with nonprofit organisation CureDuchenne following a $7m investment.