Even though the recession gets deeper the funding scene continues to buzz with activity although not at the early stage level. It seems with tough times investors are being cautious and parking their funds with already funded companies. Here are two such stories on the same.
NVP India Invests 15 Million $ in Onmobile
Norwest Venture Partners India has invested about $15 million (Rs.75 crore) for a stake less than 5% in OnMobile Global Ltd, a provider of value-added services for mobile phones reports Mint.
Onmobile is anything but a startup infact its a listed company and this investment by NVP indicates that the recession is here and the risk to return ratio for early stage startups might be too risky.
Pubmatic Secures B Series Funding
Pubmatic has secured a B series round of funding from previous investors Nexus India Capital, Draper Fisher Jurvetson, and Helion Ventures. The funding will be used for expansion and new products like PubMatic Premier, which is targetted at large media companies which earn upwards of 5 million $. Pubmatic as we have blogged before optimizes the performance of online ad networks.
Pubmatic is headed by Amar Goel who is also the founder of Komli an ad network focused on the Indian market.
