Mobile value-added services firm OnMobile to sell a minority stake to Jump Networks
Jump Networks, which provides digital services to low-bandwidth mobile phone users, will acquire an 18% stake in mobile value-added services provider OnMobile Global for $207 Mn.
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Rana Kapoor family firm pares stake in Yes Bank
Morgan Credits, owned by Yes Bank co-founder Rana Kapoor’s family, has sold a 2.3% stake for $47 Mn in the private-sector lender.

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Editor’s Weekly Pick

The translation of intellectual ‘strategy’​ to ground-level ‘execution’​ for early-stage ventures. Here are my views highlighting a permanent hurdle faced by every startup.


Market Pulse

  • France-based multinational advertising and public relations company Havas Group has acquired Indian digital agency Langoor for an undisclosed amount
  • Agra-based business-to-business marketplace for leather products ShoeKonnect will raise $1.5 Mn Series C funding from India’s premier Internet-based business, Info Edge
  • The Government of Karnataka in association with NASSCOM and ecosystem partners, Startup Karnataka, TIE and THE GAIN launched ‘Bangalore Fintech Forum’
  • Mumbai-based VC Lightbox Ventures closed its third India-focused investment fund at $209 Mn. The fund’s closing amount is slightly higher than the fund’s initial target of $200 Mn
  • Microsoft India will launch “Highway to a Hundred Unicorns” program in collaboration with the Industries Commissionerate and iNDEXTb, Government of Gujarat
  • Singapore-headquartered venture capital firm Vertex Ventures closes its $305 Mn early-stage fund focused on investing in Indian and Southeast Asian technology startups
  • Early-stage investor Kae Capital will raise its third venture capital fund of $60 Mn. With the new funding, the company is expected to increase its funding ticket size