The Kamla Bhatt Show: Weekly News Update for India - Venture Way Up in 2006

03:24 | Kamla Bhatt | Sep 25th, 2006 10:48pm |

Venture funding is picking up its pace in India. Quattro BPO Solutions received $100 million in funding from Olympus Capital.

Venture Capital firm Matrix Partners made its first investment in India.

Bangalore-based Seventymm, India’s first online move rental company received $7 million in funding. Rishi Navin of Matrix Partners joined the board of the company.

Vignani Technologies, receives $4 million in Series A funding from Intel Capital, JAFCO Asia and KT Venture Group. Vignani, a product engineering services company will use the new round of funding to expand its sales and marketing initiatives.

Moser Baer was part of the $22 million investment round received by Solaria, a solar technology company based in Fremont, California. New Delhi-based Moser Baer is one of the largest producers of DVDs and CDs.

Applabs Technologies a testing and development company acquired UK-based IS Integration for $37 million. The Business Standard reports that this is Applabs second acquision. Last year it acquired KeyLabs, another testing company for $7 million.

Earlier this week, Mumbai-based Hungama Mobile singed a deal with Dubai-based Digital Cityof Kohiji Group to distribute Bollywood, Hollywood and related digital entertainment content in the Middle East and North African markets.

This entry was posted on Monday, September 25th, 2006 at 10:48 pm and is filed under Enterprise 2.0, India. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Post to your WordPress.com blog »