Nirvana Venture Advisors Acquires 10% In Games2Win
by Charmi Gutka
Nirvana Venture Advisors has acquired 10% stake in online gaming company - Games2Win from it's early stage investors - Nexus Venture Partners and ICICI Ventures. Some senior employees of the company have also sold some shares to the new investor.
As part of the transaction, Amit Patni, co-founder of Nirvana Venture Advisors, will join the Games2win Board.
Founded in 2007 by Alok Kejriwal and Mahesh Khambadkone, Games2win India Private Limited had raised $5.5 Mn in Series A funding from Clearstone and Silicon Valley in 2007. It then raised Series B funding of $6 Mn from existing investors Clearstone Venture Partners and Silicon Valley Bank (SVB India Capital Partners) in March'11.
Bangalore based cloud telephony startup - Exotel has raised R2.5Cr Series A funding from Mumbai Angels and Blume Ventures. The investors will take a 25% stake in the company, valuing the startup at R10Cr. Exotel offers a number to a company on which they can receive & make lots ...