Ideaspring makes its second bet on enterprise networking startup Lavelle Networks

Naganand_Doraswamy_feBangalore-based early stage venture fund Ideaspring Capital has invested $600,000 (Rs 4 crore) in enterprise networking startup Lavelle Networks Pvt Ltd, according to a report by a financial daily. The firm will use the funds to expand its operations and for marketing, Shyamal Kumar, co-founder told The Economic Times. On Thursday, Lavelle Networks was one […]

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Ideaspring makes maiden investment in packaging software startup Karomi

For-GolfLan-Story-TC_ThinkstockPhotos-4938842652Marking its first investment, early-stage venture fund Ideaspring Capital has put in a little over $500,000 (Rs 3.5 crore) in Chennai-based Karomi Technology Pvt. Ltd, which runs Karomi, a tech startup in the packaging artwork management space. The investment will power Karomi’s international expansion plans, said Naganand Doraswamy, MD of Ideaspring Capital, in a press […]

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Scions of industry titans step in as Angels for startups

start-up-(13)_by-junaid3As startup funding gains ground in India, a new set of investors has begun taking bets on new ideas and enterprises. These are not seasoned investors with years of experience behind them like family offices, Angel or seed fund investors or venture capital firms. On the contrary, these are the young children of old and […]

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Mohandas Pai, others invest close to $2 mn in Velvetcase

Jewalary_feOnline designer jewellery marketplace Velvetcase.com has raised close to $2 million in a second round of funding led by Uniqorn Ventures Fund with participation from angel investors including TV Mohandas Pai and S Somasegar through online deal-making platform LetsVenture, it said in a statement. Existing investor The Chennai Angels also participated in the round. In […]

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Can equity crowdfunding work in India?

crowdfundingEntrepreneurs in the US now have access to a new class of investors, the unaccredited investors. In other words, any individual who has the cash can now become a startup investor in the US. Prior to this, only individuals whose net worth along with their spouse exceeded $1 million were allowed to invest in startups […]

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Raising $100 mn does not mean you have to spend it in 10 months: Amit & Arihant Patni

Amit & Arihant PatniBrothers Amit and Arihant Patni are no strangers to the game of investment and entrepreneurship. The sons of Gajendra Patni, the eldest of the three Patni brothers who founded Patni Computers and later sold it to iGate, have been one of the earliest backers of several Indian consumer Internet startups such as YourNextLeap, PlexusMD, Zopper […]

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Ideaspring to seed-fund tech product startups with up to $450K

Naganand Doraswamy,Newly launched early-stage venture fund Ideaspring Capital, with a targeted corpus of Rs 125 crore (around $18.8 million), is set to achieve its first closure by next month. Naganand Doraswamy, managing director and CEO of Ideaspring, said that the Bangalore-based fund is expected to hit its first closure of Rs 90 crore by next month. “We […]

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Exclusive: Ideaspring floats early stage venture fund

Angel investors Naganand Doraswamy and Prashant Deshpande have joined hands with Patni Computers’ scions Arihant and Amit Patni among others to launch an early-stage venture capital firm Ideaspring to back technology startups in the country. Click here for full article.

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PlexusMD gets funding from Patni scion, others

plexusmdPlexusMD, an online networking platform that connects healthcare professionals and organisations, has raised an undisclosed amount in funding from Patni family scion Arihant Patni, private equity veteran Avnish Mehra and a few other early-stage investors. Other investors included Pranay Adhvaryu of India Equity Partners and Ravi Sampat from Sea Link Capital, The Times of India reported. An […]

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