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Private Equity | 5 September 2011

MotorExchange Raises $13Mn Series C Funding From Tiger Global

by Irfan Khan
 
@irfan

MotorExchange has raised $13 Mn in Series C funding led by @TigerGlobal and @Canaan_Partners. The funds will be used for brand building, expanding the network and increasing the headcount.

MotorExchange raised $5Mn from @EpiphanyVentures and Canaan Ventures in it's second round of funding in January'11. It had also raised series A funding from Canaan Partners in 2009.

Transaction Reference: Medianama


Regional Ad Venture-Amagi Raises Rs25Cr from Nadathur Holdings

Bangalore based Spot-Ad firm - Amagi has raised Rs25 Cr in it's third round of funding from Nadathur Group.

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La Opala To Raise Funds From WestBridge

La Opala RG Limited is raising INR 552.7 Mn by issuing 5,02,468 Equity Shares at a unit price of INR 1,100 on preferential basis to WestBridge Crossover Fund, LLC. Post the issue which is pending for shareholder consent, Westbridge will hold 4.53% stake in the company.

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