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Venture Capital | 16 October 2012

Defence Solution Start-up Tonbo Imaging Raises Funds From Artiman Ventures

by Paritosh Gajjar
 
@Paritosh
American VC fund @Artiman invested R34 Cr in Tonbo Imaging, an imaging technology company in India.

Artiman Ventures manages a $750 Mn fund and the recent investment marks its fourth in India after investing in companies like Cellworks, Guavas and Oncostem Diagnostics.

Funds would be utilized for R&D enhancement and team expansion in India, the U.S and Israel.

Anand Lunia's India Quotient Closes First Fund

Four month old India Quotient announced the closure of its first fund of R25 Cr, yourstory.in stated.

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China's Hareon Solar Partners Nereus Capital For India Foray

Chinese solar panel maker Hareon Solar Technology Company is partnering US-based, India-focused private equity firm Nereus Capital for foraying into the Indian sub continent as the former seeks to set up 150 MW of solar power plants in India in the next two years.

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