MakeMyTrip-SAIF Partners is exit of the year: VCCircle Awards

VCCircle Awards 2017Venture capital and growth equity investment firm SAIF Partners has won the News Corp VCCircle exit of the year award for its wonderfully-engineered exit from NASDAQ-listed MakeMyTrip Ltd, wherein it pocketed more than 16 times the money it invested in stages, underlining the importance of patience in the space. SAIF had first invested in the […]

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Media-tech firm Amagi raises $35 mn in Series D round

ThinkstockPhotos-508914696Amagi Media Labs Pvt. Ltd, which provides targeted TV advertising services, has raised $35 million (Rs 237 crore) in its Series D round of funding from KKR-backed investment firm Emerald Media and existing investor PremjiInvest, the investment arm of Wipro Ltd chairman Azim Premji. Existing investors Mayfield India and Nadathur Holdings will remain invested in […]

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Exclusive: Amagi Media in talks for fund raise from PremjiInvest, Emerald Media

13350516_1014755305226486_5089831063782326566_oAmagi Media Labs Pvt Ltd, India’s leading targeted-TV advertisement solutions firm, is in advanced talks with investors PremjiInvest and KKR-backed Emerald Media, to raise Rs 240 to 250 crore ($35.6 to $37 mn), according to two people close to the development. While the over $2 billion PremjiInvest is the investment arm of Azim Premji, chairman […]

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Indonesian unicorn Go-Jek sets up engineering facility in Bengaluru

For-Go-Jek-Story_ThinkstockPhotos-470318460Jakarta-based ride-hailing and on-demand services startup Go-Jek has opened an engineering facility in Bengaluru, the company announced on Thursday. But the founder and CEO of the company Nadiem Makarim, who is a Harvard Business School graduate, told Techcircle that it has no immediate plans to enter the ride-hailing market in the country. Go-Jek, which is […]

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OTT video platform YuppTV raises $50 mn

YuppTVEmerald Media, a pan-Asian platform established by KKR for investing in the media and entertainment sector, has acquired a significant minority stake in YuppTV for $50 million (Rs 332 crore). YuppTV is an over-the-top (OTT) video platform for South Asian content offering live TV, catch-up TV and movies on-demand in 14 languages across the globe. […]

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Sequoia India-backed Indonesian on-demand services platform Go-Jek raises $550 mn

Go_JEK3Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyperlocal shopping app Go-Jek, has secured $550 million in funding from a clutch of investors that include investment firms KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. Existing investors Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group also took […]

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