VC Investment



Matrix Partners India today announced that it has invested in the first institutional round of funding for Red Monster Games India Private Limited, which will build mobile social games for the India market across the Casino, Arcade, Casual and Invest Express categories.

Kunal Kapur, the co-founder and CEO, has experience in social gaming at Zynga. He has previously founded SnatchKing Online and is an alum of ISB and Carnegie Mellon His co-founder and CTO, Kiran Upadhya, has worked previously with Zynga and SupportSoft.

“Our vision is to build the largest, mobile-first, social gaming company out of India. We believe Read more

Matrix Partners India invests in Red Monster Games

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Matrix Partners India today announced that it has picked up significant minority stake in Hearing Plus, an audiology and speech therapy chain.

Mr. Somenath Mukherjee, Founder and Managing Director said After graduating from NIHH, I realized that the diagnosis of hearing disability and penetration of hearing aids in India is less than a 10th of developed economies. As social taboo related to wearing hearing aids wanes, I founded Hearing Plus to address patient needs with focus on affordability and convenience. From Kolkata in 2006, we see ourselves as Pan India network by 2015. I strongly believe that partnering Read more

Matrix Partners invests in Hearing Plus

Matrix Partners India today announced that it has acquired a significant minority stake in WeAreHolidays, India’s leading online marketplace for booking customized holiday packages. Matrix Partners India along with the existing angel investors Blume Ventures and GSF Superangel Investors, co-invested in this round of equity funding for the Company. WeAreHolidays will use the funds to grow its business and deepen its technology and analytics expertise.

Indians travelling overseas for leisure alone is a $5 to $7 Billion market and is growing at 40% annually. 10% of this comprises complex customized holidays, a segment which is growing much faster than Read more

WeareHolidays raises investments from Matrix Partners India




Bangalore-based digital CRM firm Vizury today announced a $16 million Series C funding round led by Intel Capital with participation from Ascent Capital and existing investors, Nokia Growth Partners and Inventus Capital. This brings the total funds raised by Vizury to $27 million; Ojas Ventures had participated in the two earlier rounds.

Chetan Kulkarni, co-founder and CEO, Vizury said, “The funds will be used to drive product innovation on our mobile and cross-channel propositions and to scale operations in existing markets, especially in China, Japan, LATAM, Middle East and Korea. We are also evaluating our options of … Read more

Vizury raises $16M led by Intel Capital and Ascent Capital




Schedulers Logistics, a fast growing startup in cold chain logistics space has raised Rs 14Cr investments from George Soros Economic Fund backed Aspada Investments.

Its a proud moment for vcBytes as well since vcBytes was the sole advisor for Schedulers Logistics and closed this transaction.

Schedulers logistics is based out of Navi Mumbai and founded by Col. Arvind Gangoly and Akshay Sharma in 2012. Schedulers logistics is an integrated cold-chain trucking operator that provides end-to-end cold storage and secondary distribution for India’s fresh fruit & vegetable, food processing, and pharmaceutical industries.

Last week we have covered … Read more

Schedulers Logistics raises Rs 14Cr from Aspada Investments