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 ...
Blackstone Group announced that it has sold its 97.9% stake in Agile Electric Sub Assembly Private Limted to four different entities including Tata Capital Growth Fund I, Igarashi Electric Works Limited (IEWL), MAPE Securities Private Limited and Alpha FDI Holdings Pte Limited. The deal was reportedly valued at $112 Mn.