Indian Angel Network has invested $1 Mn in OrangeScape, a Platform as a Service company. Post funding, Sharad Sharma of IAN will join the board of OrangeScape.Started in 2010 by Suresh Sambandam and Mani Doraisamy, OrangeScape is a Visual PaaS - Cloud Application Development Platform - for building business applications.
The company has operations in North America, Western Europe/UK and India.
Bennett, Coleman and Co. Ltd is planning to sell TimesofMoney Limited, a remittance company to UAE based Network International LLC.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.