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Venture Capital | 17 November 2011

One97 Mobility Fund Invests In App Developer - Dexetra

by Irfan Khan
One97 Mobility Fund Invests In App Developer - Dexetra
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One97 Mobility fund has invested in Kerala based mobile app developer @Dexetra Pvt Ltd.

The funds will be used for scaling the team size and up-scaling the technology.

Cochin based Dexetra was founded by Narayan Babu. It develops apps for iPhone, iPad, Android and Blackberry phones. It has developed several apps including TryCube2, SecureKeys, AibiNox and Friday. Friday already has over a million users.

@One97_Mobility is a $100Mn fund backed by @SAIF_Partners. The fund invests in early stage mobile companies. In July, it invested $820,000 in Singapore-based mobile gaming company, TheMobileGamer.

Happiest Minds Raises $45Mn From Canaan Partners, Intel Capital

Happiest Minds Raises $45Mn From Canaan Partners, Intel Capital

Canaan Partners along with Intel Capital has invested $45Mn in Ashok Soota's new venture - Happiest Minds Technologies Pvt Ltd.

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Navayuga Plan To Sell Stake In Its Power Assets

Navayuga Plan To Sell Stake In Its Power Assets

Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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