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Mergers & Acquisitions | 15 March 2012

Spreadtrum Communications Invests $10Mn In Micromax Informatics

by Irfan Khan
 
@irfan
China based Spreadtrum Communications is investing $10Mn in @Micromax_Informatics_L. Post investment, Spreadtrum will become one of Micromax's preferred mobile chipset suppliers.

According to the release, the two companies will work together through a joint R&D collaboration to deliver innovations across Micromax's portfolio of products.

Gurgaon based Micromax Informatics Ltd is a domestic handset maker established in 1991. In January'10, TA Associates invested R225Cr in Micromax for a 20% stake. The company then raised R200Cr from @Sandstone_Capital, Sequoia Capital and @MadisonIndia in September'10.

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Nexus Venture Buys Stake In Startup Function Space

Pune based education startup Function Space has raised an undisclosed amount of funding in seed round from Nexus India Capital to strengthen its existing content and also increase its current userbase.

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