Hyderabad-based software firm IT Grids (India) Pvt Ltd is planning to raise Rs.5 Cr venture capital funding for expansion of its 'Party Analyst' product.
Incorporated by Ashok Dakavaram in 2010, company offers technology consulting, domain consulting, application services, systems integration, custom software development, maintenance, reengineering and independent testing.
Transaction Reference: Business Standard
'Party Analyst' is a online election analysis and management platform which includes data sets providing election, demographic, geographic analysis, census, delimitations information on a single platform.
While the product is on a subscription basis for political parties, it is free for voters to connect and interact with their local leaders.
Former chairman and co-founder of MindTree Ltd, Ashok Soota, which recently launched it's IT services firm Happiest Minds Technologies Pvt Ltd is also looking to raise VC funding for the startup.
Some VC funding in the technology space this year.
|Date ||Company ||Investor |
|5/4/2011 ||Nevales Network ||Seedfund |
|23/3/2011 ||Identis Pvt Ltd ||Hyderabad Angels |
|21/3/2011 ||Nogle Technologies Pvt Ltd ||Info Edge India Ltd |
|9/3/2011 ||Sokrati ||Inventus Capital Partners |
|14/2/2011 ||Jigsee ||Indian Angel Network |
IT Grids (India) Pvt Ltd
, Party Analyst
, Ashok Dakavaram
, Ashok Soota
, MindTree Ltd
, Happiest Minds Technologies Pvt Ltd
, Nevales Network
, Identis Pvt Ltd
, Nogle Technologies Pvt Ltd
|Date||Type||Buyer||Target||Size ($mn)||State |
||Modgen Fashions Private Limited
||TechClove Software Products LLP
||Persistent Venture Fund
||EdServ Softsystems Limited
|IT Grids (India) Private Limited
||Flat No 4B, HIG 90, Sri Sathya Sai Nivas, 6th Phase, KPHB