Venture Capital


FreeCharge, an online platform run by Accelyst Solutions pvt ltd. that lets users to  add money to their prepaid mobile phone plans or pay utility bills online easily and in turn earn coupons, has raised a $33 million Series B from returning investor Sequoia Capital, as well as Sofina, and RuNet. Freecharge has raised Rs 20Cr from Sequoia Capital earlier in 2012.

Money will be deployed primarily in marketing activities, new advertising platforms and acquisitions. FreeCharge plans to grow both organically and via acquiring companies. Recently they acquired 2 startups – WishBerg and Preburn. FreeCharge is Mumbai based … Read more

Freecharge raises $33M in series B round




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



Aspada Investment Company has made an investment of INR 10 crore ($1.6 million) in Gurgaon based ThinkLink Supply Chain Services, a provider of turnkey project management, design, skill development, and staffing services in India’s logistics and supply chain sector. Aspada’s investment will be used to strengthen ThinkLink Learning, the company’s professional development, vocational skills, and staffing division, which works in India’s Supply Chain sector to enhance and create career paths for managerial, entry level, and blue collar professionals.

“We are delighted to have Aspada as an investor and partner given the firm’s experience of investing in businesses that are … Read more

Aspada Advisors invests $1.6M in ThinkLink Supply Chain Services

Matrix Partners India today announced that it has acquired a significant minority stake in Stayzilla, as the sole investor in the first institutional round of equity funding for the Company. operates an online platform to research and reserve “value hotels” in more than 750 cities across India.

The online hotel booking industry has been at a nascent stage for the last few years. It is now at an inflection point and I expect 40% of all hotel bookings in India to be done online within the next 5 years. The capital raised will be used to strengthen Read more

Matrix Partners invests in StayZilla


In this  ”Walk the Talk with an Entrepreneur” session I am presenting to you an interesting interview with Ketan Kapoor, CEO and CoFoudnder of Mettl, an online assessment platform startup.

* Please describe sequence of events (specifics) that led to your founding team into solving this problem.

— Myself and Tonmoy were classmates during school. Tonmoy had just returned from Belgium and met me while I was looking for my next big idea. We started talking about addressing the employability issue in India . Then we started off a training and assessments organization. In this process, we realized that … Read more

Walk the Talk with an Entrepreneur – Ketan Kapoor of ...