19 December 2011

The Highest VC Investments In 2011 In India

The growth potential of the Indian startups, are making them attract a lot of investments from Venture Capitalists. The year 2011 has seen a lot of hustle bustle among the Indian startups. Here are the top five Venture Capital investments in India in 2011.

Happiest Minds

happy, mind, happiest minds, mindtree, ashook soota, vcHappiest Minds, a IT solutions and service firm had raised $ 45 million in its series A round of investments, led by Canaan Partners, Intel Capital, and Ashok Soota himself, in November 2011. Happiest Minds was founded in 2011 by Ashok Soota, who is also the Co-Founder of MindTree, a former President of Wipro InfoTech and Confederation of Indian Industry. Happiest Minds raised the funds to deliver most advance technology solution and services, hire talented employees, set up additional infrastructure, and increase sales and marketing efforts globally.


yarta, yatra.com, VC, online, travel, travel agentThe Online Travel Agent, Yatra.com raised $44.4 million from Valiant Capital, Norwest Venture Partners, and Intel Capital in April 2011. The company has previously raised $33.3 million from Norwest Venture Partners, Reliance Capital, Network 18, and Intel Capital. The company raised the funds for expanding its holiday and hotel booking segment, and for acquisitions. It has also announced its plans for going for an Initial Public Offering (IPO) by the next year. The company was founded by Dhruv Shringi and Manish Amin in 2006 and is ranked as the leading provider of consumer-direct travel services in India.

Fashion and You

fashion, fashion and you, VC, pearl uppalThe online shopping site Fashion and You had raised $40 million in its series C round of funding from Norwest Venture Partners and Intel Capital and saw the participation of Nokia Growth Partners and existing investors Sequoia Capital in November 2011. The company had raised the funds to expand into additional categories and make strategic acquisitions to complement the existing business. The company was founded in 2010 by Pearl Uppal and backed by Harish Bahl, the Founder of Smile Group. Previously the company had raised funds from European and Indian private investors in series A; and had raised 4$8 million from Sequoia Capital in Series B round of funding.


naaptol, naaptol.com, online, shopping, canaan, VC, investmentThe online shopping site Naaptol.com had raised $25 million in VC investment from New Enterprise Associates, and saw the participation of existing investors Canaan Partners and Silicon Valley Bank in August 2011. The funds were raised to fuel Naaptol’s massive hiring plans and to invest in its Internet business, supply chain and inventory. Founded in 2008 by Manu Aggarwal, the company had previously raised $ 7 milion from Canaan Advisors, including a fresh issue of shares and acquisition of shared by Bennett Coleman & Co. Naaptol had also raised 7 crore from the Silicon Valley Bank in 2010.


flipkart, VC, tiger global management, e-commerce, VC, investment, bookThe e-commerce portal Flipkart had raised $40 million in its series C round of funding from its existing investors Tiger Global Management in June 2011. The funds were raised to build capacity in supply chain, to upgrade technology and expand its market. Previously the company had raised $10 million from Tiger Global Management; and another investment from Accel Partners in late 2009; to take the total funds to $31 million. The company was founded in 2007 by Sachin Bansal and Binny Bansal, and has grown to become India’s largest online bookseller. Flipkart has now ventures into mobile phones, gaming consoles, music and movies as well.