India Tech News Round-Up

03:29 | Kamla Bhatt | Mar 30th, 2007 5:37pm |

Dominating this week’s round-up are investment and merger and acquisition news.

Topping the investment this week is SKS Microfinance that received $11.5 million in investments. The investment round was led by Sequoia Capital. Other investors include Unitus Equity Fund, Vinod Khosla, Ravi Reddy, Odyssey Capital, SIDBI.

Mumbai-based Games2win received $5 million from Clearstone Ventures and Silicon Valley Bank Financial Group according to Red Herring.

U.S. company Mayfield Ventures is acquiring a minority stake in Avendus Advisors for $15 million.

Indian media is turning out to be the latest sector to receive investments. Recently India TV, a HIndi TV channel received $15 million in Foreign Direct Investment from FUSE+Media reports Agencyfaqs. Fuse+Media is an arm of Comventures, a venture capital company.

ChryCapital is acquiring a minority stake in Hathaway Cable, according to media reports.

Citigroup Venture Capital Group has acquired a 20 percent stake in Anand Rathi Securities, an Indian financial company, according to a report in Market Watch.

Tags: SKS Microfinance, Games2win, Avendus, Agencyfaqs, Comventures

This entry was posted on Friday, March 30th, 2007 at 5:37 pm and is filed under PodTech, Enterprise 2.0, India, Technology. 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.

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