The Mayfield Fund, a Silicon valley based venture funding firm has chosen to invest in AngelPrime, an incubator program based in Bangalore. AngelPrime offers seed-funding in the range of US$ 200,000 to 600,000. Though Mayfield has invested in quite a few Indian companies in the past, it intends to bring its investment expertise to a much younger & nascent group. Though the firm said it would take...

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...

Matrix Partners invest in Kijiji   Matrix Partners India has invested in Indian mobile classified startup Kijiji.com. Kijiji India, lauanched in 2005, is an online website that caters to a local community in a particular city. It offers services “to buy or sell a used car, look for an apartment on rent, buy or sell a house, look for a job or hire people, and much more.”   The...