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Venture Capital | 17 November 2011

One97 Mobility Fund Invests In App Developer - Dexetra

by Irfan Khan
 
@irfan
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

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

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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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