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Helion, the India-focussed multi-stage venture fund, has invested ₹25 crore in RapidValue, a leading provider of end-to-end mobility solutions to enterprises worldwide. This is Helion’s second investment in enterprise mobility, after EzeTap. RapidValue will use the money to grow in various geographies and strengthen its delivery capabilities. Helion is the first and only institutional investor in the company.
LimeRoad raises $15 million
LimeRoad, a leading online social discovery platform for women, has raised $15 million in Series B funding, led by Tiget Global, with participation from existing investors Lightspeed Venture Partners and Matrix Partners India. The money will help LimeRoad achieve its goal of becoming the most delightful lifestyle discovery platform for women in the country, and comes on the back of LimeRoad’s launch of its Android mobile app.
APG, Xander launch venture
The Xander Group Inc, a leading emerging markets investment firm, and an investor consortium led by Dutch pension fund asset manager APG Asset Management NV have created a $300 million (about ₹1,800 crore) venture that will buy income-generating, institutional-grade commercial assets in India’s main office markets. If buying opportunities continue to emerge, the venture’s size may be increased to $500 million. The venture aims to capitalise on the continued strong demand for office space, predominantly from companies in the IT and financial services industries that serve their global businesses from India.
Axon Partners invests in iYogi’s
Axon Partners Group has invested in iYogi, which specialises in on-demand tech support for consumers and small businesses. The total raised so far in this Series E financing round is $28 million. Axon Partners has joined this round with Madison India Capital and some existing investors, to support iYogi’s growth in Spain and Latin America through partnerships with telecom companies. iYogi expects to double its revenue in the next 24 months. iYogi recently launched its services in Spain in partnership with Telefonica and established a service delivery centre in the country, which will also serve as a centre of excellence supporting iYogi’s expansion in Latin America.
Smaaash ropes in FW Sports fund
FW Sports Investment Fund, a Mauritius-based private equity fund, has acquired a significant minority stake in the Mumbai-based Smaash Entertainment Pvt Ltd. This is the first round of private equity funding in Smaash, which is into sports simulation technology.
(Please send feedback, comments or suggestions to >emergingentrepreneurs@thehindu.co.in )
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