Canaan Partners


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Canaan Partners

Canaan Partners, the venture capital firm that focuses on the US, India and Israel, has closed its ninth fund at $600 million. The new fund has been backed by  both new and existing LPs and it takes the firm’s total assets under management to $3.5 billion.

About two-thirds of the fund corpus will be put toward digital media, consumer internet, mobile and communications companies, with the rest earmarked for biopharma, medical device and healthcare infrastructure investments.

“We’ve had the privilege of working with outstanding entrepreneurs – often over a long haul because it takes time to build a … Read more

Canaan Partners closes $600Million fund



Naaptol

There is a strong buzz in the market that Venture capital fund Canaan Partners is all set to invests in Naaptol a product comparison and shopping portal. Canaan Partners plans to pick up about 25% stake in Naaptol Online Shopping Pvt Ltd for Rs 40 Cr valuing the company at Rs 160 Cr.

This means it will put the valuation of the Mumbai-based company at `160 crore, nearly 2.3 times of its sales last year. Naaptol is founded by Manu Agarwal in 2008, it now registers 3,000 transactions a day and sells 500 brands.

This space has witnessed quite a … Read more

Naaptol being backed by Canaan Partners



App data

Chakpak Chakpak is like Indian flixster which  provides loads of information about movies, film personalities. They have some fun features like wallpapers, quizs, forums, movies trailors, celebrity news etc which appeal to movie enthusiasts. Chakpak is a web2.0 startup and has social networking feature which allow user to add friends and allow them to see photos, movies they have bookmarked. User can also view the reviews, ratings and discussion of its friends on Chakpak. I like the bollywood news section, its quite comprehensive.

 

Chakpak

Chakpak was founded in 2007 and received $5M funding from Canaan Partners and Accel Partners till date.

Chakpak’s … Read more

Chakpak Revised


Motorexchange

MotorExchange as the name succinctly tells you what it is about, has raised undisclosed sum of capital from Canaan Parnters. Motorexchange is a platform for buyers and sellers to carry transactions of the used vehicles and target dealers.

MotorExchange has been founded by former Mahindra First Choice CEO Vinay Sanghi and ex-eBay India head Rajan Mehra. Sanghi is currently the CEO, and Mehra, currently a venture partner at Clearstone Venture Advisors, is the founder-director. Alok Mittal, general partner at Canaan, is joining the board of MotorExchange.

Motorexchange is targeting to capture significant market share of $15billion used car sale. Motorexchange Read more

Motorexchange raises money from Canaan