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Peel-Works grabs $2 mln Series A

Peel-Works said Monday that it has secured $2 million in Series A funding. The investors were Inventus Capital Partners and IDG Ventures India. In conjunction with the funding, Parag Dhol of Inventus and Karan Mohla of IDG Ventures have been added to Peel-Works’ board of directors. Headquartered in Mumbai, Peel-Works is a provider of salesforce solutions.

Globo acquires VC-backed Sourcebits

Globo said Monday that it has acquired Sourcebits. No financial terms were disclosed. Based in San Francisco, Sourcebits, which was backed by Sequoia Capital and IDG Ventures India, is a provider of mobile, web and cloud solutions.

Reuters – IDG Ventures India Raising $175m for Second Fund

Venture capital firm IDG Ventures India is raising its second India-focused fund worth $175 million, according to VCCircle.com on Reuters. IDG Ventures India is part of IDG Ventures, a global network of technology funds with more than $6 billion under management. Reuters – Venture capital firm IDG Ventures India is raising its second India-focused fund […]

IDG Ventures India Puts $3M into Vserv

Indian mobile advertising start-up Vserve has sealed a $3 million Series A round from IDG Ventures India. The company, a mobile advertising network focused on emerging markets, will use the money to expand its sales and engineering teams.

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