Weekly Indian Tech News Round-Up

04:50 | Kamla Bhatt | Apr 21st, 2007 5:07pm |

Topping this week’s round-up is the investments received by Telisma and Komli.

Silicon Valley-based Telisma received $50 million in funding. The investors include NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia and other strategic investors.

Komli received its first round of funding from DFJ and Helion Ventures. However, Komli did not disclose how much money they received from investors. The company is in that hot new space of advertising where they provide services for advertisers and publishers around the globe.

Besides private equity deals in IT and technology companies, the real estate and hospitality sectors appear to be on investors’ radar. QVC Realty received $100 million from L&FS Investment Managers.

Lehman Brothers might be interested in investing in a hospitality project by Kishore Biyani of the Future Group.

Citigroup plans to invests about $400 million in Indian real estate and hospitality sector reports the Financial Express.

Motorola launched its first MOTOstore, selling branded motorola phones in India, earlier this week. Last week, Intex, an IT and harware company, launched three new handsets in India that come pre-loaded with Disney content.

M&A Quattro Solutions has acquired a majority stake in Scope eKnowledge, a Knowledge Process Outsourcing company.

Laksmi Narayanan, head of Cognizant Technologies, is the new chairman of the National Association of Software and Service Companies.

Dr. Ganesh M. Kishore was appointed as the managing director of Burrill and Company, which is planning to set up an India-specific Life Sciences Fund.

And finally, Yahoo’s co-founder David Filo will be in India next week, and we will tell you why in next week’s round-up!

Tags: Telisma, Komli, Intex, Laksmi Narayanan, David Filo

This entry was posted on Saturday, April 21st, 2007 at 5:07 pm and is filed under PodTech, 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.

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