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Wednesday, January 24, 2007

Google has invested an undisclosed sum in Seedfund promoted by Mahesh Murthy and other VCs of the valley - Rekhi, K B Chandrasheka and B V Jagdeesh.

Seedfund was incorporated just last December to fund innovative startup ideas in India. The right amount to fund an Indian startup is not tens of Millions of dollars but mere $500,000 and seedfund with $10 million is probably India's smallest VC fund. However, with the entry of Google, the equations may change drastically. So where will Microsoft and Yahoo invest next ?

Tags: VC India, Google, Startups India, Google

Published on Wednesday, January 24, 2007 at 12:21 PM 0 comments

Sunday, January 21, 2007

Cellebrum from Mobile VAS to incubation funding

Cellebrum, the mobile VAS provider is investing close to Rs 50 crores into an incubation fund targetting companies into the mobile space. Lehman Brothers is also expected to invest $15 million in the company.

Dilip Modi said,

We have charted out a Rs 100-crore investment plan for Cellebrum’s expansion over the next 12-18 months. Of the total kitty of Rs 100 crore, around Rs 50 crore will be used to start an incubation fund. The incubation fund will be used to fund entrepreneurs who have business idea in the mobile VAS sector.

Does this mean an end to innovation at Cellebrum that it wants to fund and depend on innovation by other companies ?

Tags: Startups India, Mobile Startups, Mobile India, Mobile VAS

Published on Sunday, January 21, 2007 at 10:42 AM 1 comments

Friday, January 12, 2007

Mundu Messenger on BenQ Mobiles

Geodesic's Mundu Messenger has made in-roads into BenQ's smartphone that will be launched in the frist quarter of 2007.

BenQ smartphone users shall be able to chat with their friends who could be on other popular messaging platforms - Yahoo! MSN, GTalk and AOL. Users can also listen to 100s of FM Radio Stations from the comforts of their mobile phones.

Mundu will be powered by GPRS/WAP technologies.

Tags: Mobile IM, BenQ, SmartPhone, Startups India

Published on Friday, January 12, 2007 at 11:09 AM 0 comments