Policybazaar.com,  a website which aggregates Insurance policy plans has received its third round of funding. eTechAces Marketing and Consulting Pvt. Ltd., the company behind Policy Bazaar has confirmed that they have received $5 million (Rs. 27 crore approx) in a round that was led by Inventus Capital Partners. Previous investors Infoedge and Intel Capital have also participated in this round. The...

Healthkart, the Indian e-commerce portal focused on selling health, fitness and beauty products seems to have received its series B round from Intel Capital and Sequoia Capital. According to NextBigWhat, the amount raised is $14 million. The split is rumored to be $8 million from Intel and the rest from Sequoia. There has been no official announcement as of now but there has been no emphatic denial...

Licensed Digital Content distribution platform Hungama.com has managed to become a group of firms that will receive funding from tech giant Intel’s venture capital arm Intel Capital. The chip-maker’s funding has chosen 10 ventures in which it will pump a total of US$ 40 Million. Surprisingly, for this year’s round, Hungama is so far the only Indian company to have made the cut. While earlier,...

Spade Financial Services led by businessman Arun  Anand has just bought Connectindia.in from Vriti Infocom. The web-portal is an aggregator for tariffs & plans for mobile communication & Internet Service Providers (ISP). Though the financial details are still unknown, Manish Sardana, Founder & CEO Connectindia has confirmed it was an all-cash deal.  Jafco Asia & Intel Capital have...

Leading Indian Online Travel Agent (OTA) Yatra Online has raised $14.5 million in series D round of funding according to a SEC filing. This news was first reported by Techcircle.in According to the SEC disclosure Yatra is raising the capital sum through Series D preferred which is convertible to common stock. Even though Yatra CEO Dhruv Shringi has apparently denied any such fund-raising to Techcircle...

Intel is in the process of talking with various US media companies as it plans to use its processors in the Internet powered TV segment. This is not their core business and represents a big departure for the chip-making company. TechCircle reports that although the discussions are at an early stage, it is highly possible that Intel will end up making deals with major content providers like broadcasters...

The global investment arm of chipmaker Intel, Intel Capital, is investing in Happiest Minds Technologies Pvt Ltd. The company has also announced an investment in Mobile Solutions Developer – TeliBrahma Convergent Communications Private Limited. The exact quantum of investment has still not been shared. Intel had setup a US$ 250Mn Intel Capital India Technology Fund in December 2005 “To help...

Smile Group Venture and Goldsquare Sales India Private Limited have announced another funding of US$ 40Mn from the VC fund houses Mayfield Fund and Norwest Venture Partners (alongwith Intel Capital, Sequoia Capital India and Nokia Growth Partners) for FashionandYou.com. Earlier this month, the companies had secured US$ 17Mn for DealsandYou.com. Commenting on the development, Pearl Uppal, Co-founder...

Intel seeks to make a cracking comeback into the Laptop scene with an entirely new category of laptops called Ultrabooks, a “float like a butterfly, sting like a bee” machine powered by the new 22nm Ivy Bridge processors and costing under $1,000. Initial specs make it seem like a cross between the MacBook Air and the iPad, bringing us all the benefits of tablets but with the performance and capabilities...

One97, one of India’s pioneers in cloud platforms has dropped plans for an IPO and will seek private equity funding given the current uncertainty in the markets following the US debt downgrade. The Noida-based company now plans to raise around Rs 100 crore in PE funding instead of the Rs 120 crore IPO initially planned and might even push for an international listing. In the year 2009, it was reported...