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Orios Venture Partners raises second fund

February 21, 2017

Orios Venture Partners has closed the fundraising process for its second fund at a lower-than-targeted level but plans to hit the road again within the year, as the Mumbai-based venture capital firm looks to accelerate its pace of investments after staying on the sidelines in 2016.

Read more - http://www.vccircle.com/news/alternative-investment/2017/02/20/exclusive-orios-venture-partners-closes-second-fund

IAN makes first close of maiden venture fund

February 21, 2017

Indian Angel Network’s eponymous IAN Fund has marked its first close, receiving commitment from investors within the network as well as high-net-worth individuals (HNIs). The fund will focus on sectors such as e-commerce, semi-conductors, gaming, and robotics.

Read more - http://www.vccircle.com/news/alternative-investment/2017/02/20/exclusive-ian-makes-first-close-maiden-venture-fund

IDG, Accion to invest more in CreditMantri

February 21, 2017

Chennai-based online credit management startup CreditMantri Finserve Pvt Ltd is set to raise INR 51 Crore in Series B funding from new and existing investors. Founded in 2012 CreditMantri is an online platform that helps customers make borrowing decisions. It helps them understand their credit scores, learn how to improve it, resolve past issues and reduce current borrowing costs, among other things.

Read more - http://www.vccircle.com/news/technology/2017/02/20/idg-accion-invest-more-creditmantri

CDC, Manipal form $80 Million fund to invest in “healthcare beyond hospitals”

February 21, 2017

CDC Group Plc, British government’s development finance arm and Manipal Education and Medical Group have partnered to float a $80 million fund, to invest in healthcare services beyond the conventional hospital services. The two institutions have come together to invest an initial $80m in innovative opportunities in India, Africa and elsewhere in South Asia, with an aspiration to invest even more in the future.

Read more - http://www.dealstreetasia.com/stories/india-cdc-manipal-form-80m-fund-invest-healthcare-beyond-hospitals-65487/

Photo-sharing app Vebbler selected for FbStart

February 21, 2017

Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt Ltd, has been selected by social media giant Facebook for its FbStart programme. Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme.

Read more - http://www.vccircle.com/news/technology/2017/02/20/photo-sharing-app-vebbler-selected-fbstart

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