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Venture Capital | 12 April 2012

Insieve Raises Funds From Ojas Ventures, Blume Ventures

by Charmi Gutka
 
@charmi
Inseive has raised angel funding led by Ojas Ventures and @BlumeVentures_I.

Post funding, Gautam Balijepalli and Rajesh Srivathsa will join the Insieve board and Karthik Reddy of Blume Ventures will serve an observer.

Insieve, the company behind Dhiti product is a sharing network that learns what you share (within your network) and recommends content based on one’s reading behavior (as well as from the network).

Mitsui Sumitomo Acquires New York Life Stake In Max New York Life

Japan based MS&AD Insurance Group has bought out New York Life Insurance's 26% stake in Max New York Life, a JV between New York Life and Max India. The deal size is estimated to be about R2700Cr, according to ET.

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Profitable Online UPS Manufacturer Available For Buyout

South India based profitable online UPS manufacturer cum marketer serving marquee clients is available for buyout. The company managed by experienced technocrats has a gross profitability of 30% and net revenues of over INR 30 Mn with close to 50% of it coming from repeated business.

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