News

IVRCL Infrastructure
Published on Business Standard Media on 21-Jul-2014.
IVRCL Infra’s (IVRCL) Q2FY14 numbers were spurred by top line growth. Revenue at INR11.2bn (our estimate INR9.2bn) jumped 13% YoY. However, INR460mn exceptional costs led to EBITDA margin declining 290bps YoY to 4.2%, resulting in a net loss of INR1.2bn (our estimate INR428mn loss) during the quarter. While the company’s revenue visibility remains strong, high debt due to stretched working capital is a concern. Maintain ‘HOLD’ with target price of INR13/share. Read More
Like Hemrajani, VS Sudhakar and five other friends launched online retail website Fabmart in 1999. Though a few early adopters used the service, they were ahead of the curve and could not move the mass market in terms of volumes. The dotcom bubble burst worsened the scene. "We underestimated the situation," says Sudhakar, who was the first chief executive at India's first internet services company Planetasia.com. Read More
Vizury,an online advertising solutions company, has raised US $16 million investment in a round led by Intel Capital with participation from Ascent Capital and existing investors Nokia Growth Partners and Inventus Capital Partners. Read More
BigBasket To Raise $33 Mn From ICICI Ventures And Zodius Capital
Published on INC 42 Magazine on 17-Jun-2014.
Innovative Retail Concepts Private Limited, which runs online grocery and food store BigBasket.com is about to raise $33 Mn in funding from ICICI Ventures and Zodius Capital. Reports suggests that the startup is looking at $100-million valuation, and for this round IT major Wipro’s Azim Premji’s investment arm PremjiInvest and Sequoia Capital were also looking to invest but however moved out of the race after placing lower offer. Read More
Bangalore-based digital CRM firm Vizury today announced a $16 million Series C funding round led by Intel Capital with participation fromAscent Capital and existing investors, Nokia Growth Partnersand Inventus Capital Partners. This brings the total funds raised by Vizury to $27 million; Ojas Ventures had participated in the two earlier rounds. Read More
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 Partners. This brings the total funds raised by Vizury to $27 million; Ojas Ventures had participated in the two earlier rounds (Read about the series B fund raise)  Read More
Online advertising solutions company, Vizury has raised $16 million investment in a round led by Intel Capital with participation from Ascent Capital and existing investors Nokia Growth Partners and Inventus Capital Partners, reports Economic Times. Read More
Intel, Ascent invest Rs 94 crore in Indian big data startup Vizury
Published on The Economic Times on 12-Jun-2014.
Intel Capital, the venture capital arm of world's largest chip maker, has led a $16 million (Rs 94 crore) funding round in Bangalore-based big-data analytics startup Vizury. Read More
Bangalore-headquartered digital CRM (customer relationship management) company Vizury Interactive Solutions Pvt Ltd has secured $16 million in Series C round of funding led by Intel Capital, with participation from Ascent Capital. Existing investors including Nokia Growth Partners and Inventus Capital Partners also participated in this round. This brings the total funds raised by Vizury so far to $27 million. Read More
Vizury Announces $16M Series C led by Intel Capital, Ascent Capital
Published on YAHOO Finance on 12-Jun-2014.
Bangalore-based digital CRM firm Vizury today announced a $16 million Series C round led by Intel Capital with participation from Ascent Capital and existing investors, Nokia Growth Partners and Inventus Capital Partners. This brings the total funds raised by Vizury to $27 million; Ojas Ventures had participated in the two earlier rounds. Read More