Battery Delays India Office; Sherman, Patel To Quit

Battery Ventures, a Boston-based venture capital firm, has decided to freeze its plans of setting up an India office. Mark Sherman, a general partner who was heading the India investments, will not be the part of upcoming Fund IX by Battery. Along with him Gautam Patel, a managing director based out of Mumbai, has also decided to quit. The reason for Sherman and Patel's departure is not known.   "Not wanting to operate as the lone employee in Mumbai, Gautam Patel, has chosen to seek other opportunities," said a spokesperson for Battery in an email response. "Silicon Valley-based Ramneek Gupta will lead investments in the country," she added.   But Patel and Sherman will stay with Battery till Q1 next year when the new investment period of the Fund VIII ends. Battery has raised $3 billion of investor commitments since inception in 1983, and raised $750 million for fund VIII in 2008. "We believe in the potential of India as a strategic investment market," added the spokesperson.   This news comes after Battery, along with Sequoia Capital India, exited its investment in online hotels aggregator to Travelocity. Another one of its India portfolio firms, Tejas Networks, recently saw a secondary stake sale in which the name of the seller was not disclosed. Battery spokesperson told VCCircle that the venture capital firm did not sell the stake in that transaction.   Other Battery portfolio firms in India are High Mark Credit Bureau and TechProcess Solutions, a transaction and payment processing services provider.  

Finally, GDP numbers shows India bouncing back

The Indian GDP numbers for June quarter showed that Indian Economy is bouncing back from the recession. The GDP registered a growth of 6.1% as compared to 5.8 in previous quarter. India still remains the 2nd fastest growing major economy in the world just behind China. Although, year on year quarterly GDP growth has come down [...]

Orkut Interview Part 1: Zeitgeist, ID Theft, Indic Languages, Partnerships, Trends & More

(By Preethi J & Nikhil Pahwa) Google owned Orkut, believed to be the largest social network in India in terms of userbase, announced the Orkut Zeitgeist last week - a report on the popular communities, usage and trends as witnessed by Orkut’s engineers over the period of a month. The report is similar to Google’s search [...]

Va. candidate for gov. distances self…

Va. candidate for gov. distances self from college thesis that ...Gaea TimesDo you think gay marriage should be legalized in India? wilsongarrett I just found out Disney bought Marvel Comics. AP Inc is getting into business with the ...and more »

15 Sites To Send Free SMS In India

Sending SMS in India to mobile phones was never so easy and still it is not. But now you can send free SMS in India means free of cost. If you have Internet and using it to do other works you can use it to send free SMS in all India. How’s that! Many websites now [...] Related posts:8 Microblogging Sites From India32 Social Bookmarking Sites From India7 Indian Social Networking Sites24 Indian Matrimonial Sites With Free Membership

Hello Visitor, Talk 2 Us

Abhishek Shah of TalkToUs talks about their live chat application which helps website owners talk to the website visitors in real time. “There is enough business in the world for every one to sustain, so be positive and run for your dreams.” “Dreams are not something that comes when you sleep. It is the thing that never [...]Benefit from the Indian startup community. Join us at the Indian startup portal Hello Visitor, Talk 2 Us is a post from: News, Views, Reviews & Interviews of Indian startups Related Posts Why Google acquired On2? Google Sheds Weight Thrillophilia – A Thrilling Startup

Force India does it ! Will Giancarlo Fisichella manage podium

WOOOOOHOOOOO !!! Its Pole for Force India thanks to incredible Fisichella’s run in Belgian SPA F1 Circuit that perplexed one and all ! Dr. Mallya must be one happy man today. Who would have thought that Force India could take a Pole position. Even coming in top 5 for Force India’s Giancarlo Fisichella and Andrian Sutil is something of a Miracle, but managing a Pole is unthinkable. And BTW it was not a Fluke - Fisichella registered the best time in Qualifying 1, 4th best time in Q2 and again the best time in Q3 !

Kalpavasi – Complete Kumbh Mela Information

Kumbha (Kumbh) Mela is a mass pilgrimage centered on the ritual of riverside bathing, it is variously called the ‘the Great Indian Bathing Festival’, ‘the Urn Festival’, ‘the Pitcher Festival’ and so forth. The 2010 Maha Kumbha (Kumbh) Mela will be held at Haridwar (Hara Dwar) in the foothills of the Himalayas. Haridwar (Hara Dwar) is regarded as one of the seven holiest places to the Indians. The Holy river Ganga (Ganges) transverses the Himalayas to enter the Plains of North India for the first time at Haridwar (Hara Dwar) and this is what gave the city its ancient name, Gangadwára (the place where the Ganges descends to the plains). Kalpavasi is the quest of immortality. Millions of people participate in Kumbh Mela

Mumbai’s biggest event for Startups is here

One can watch live product demonstrations, get a peek into cutting edge technologies, lay hands on the best-of-breed solutions, meet young entrepreneurs, experience the culture of innovation in small companies along with hearing visionary keynotes ...

Taking API revolution forward

HinduTaking API revolution forwardHinduThe growth of the Web 2.0 is inextricably linked to a trend: an increase in the open web APIs (application programming interface). ...