The Entrepreneurship Cell, IIT Bombay organizing an event called Vulture's Nest part of Entrepreneurship Summit 2010 which is first event of its kind in the history of Indian entrepreneurship. Its uniqueness comes from its express funding concept and it's format as a reality show to be aired on ET Now channel starting January 2010. In the event plus realty show those who are on verge of building any potential start-ups and having one or more business plans with themselves than after selection phase they will have to pitch their ideas to a panel of investors including top VCs in 15 minutes and if they like the idea than participants might get an on-spot express funding. ET Now would be airing all three strategic events on a segmented basis on their show starting up in January next year. Vultures nest is a three phase event. The first phase is an online submission of the presentation starting 10 Dec.'09 to 4th Jan.'10. The second phase will be between 16 Jan.- 17 Jan. 2010 which is a preliminary elimination round which is going to be held in 3 cities - Delhi, Mumbai and Bangalore. The Final round will have 10 Finalist to pitch in ...

IMImobile, an end-to-end provider of converged mobile and online value-added services for mobile operators, media companies and enterprises today announced that it has raised USD 13 million in a financing round led by Sequoia Capital and existing investor First Mark Capital. The funding will enable IMImobile to embark on its next phase of growth building on the impressive gains the company has made over the last few years. Spark Ventures plc, a founding partners of IMImobile is the largest institutional shareholder and had provided the seed capital. MAPE Advisory Group acted as advisor to IMImobile for the investment. Sequoia Capital has enormous experience in consistently partnering with entrepreneurs to create global market leaders such as Cisco, Google, Apple SKS Microfinance, Cafe Coffee Day and Just Dial. Mohit Bhatnagar, Managing Director, Sequoia Capital India will join the Board of IMImobile. Vishwanath Alluri, Founder and CEO of IMImobile said: “The new financing will enable us to develop our cloud infrastructure for Tier 1 telecom operators and allow us to expand our customer base and account penetration through acquisitions. Sequoia Capital’s global experience and strong local expertise will be a key differentiator as we look to launch into our next phase of growth” "IMImobile’s unique and ...

ChakPak.com an Indian online entertainment community about movie based content and media has raises funds via US based early stage venture capital partner Canaan, moreover Accel India has also invested in ChakPak fundings second time. Canaan is an early-stage US venture capital firm with a focus towards Indian early start-ups. The company has also invested in Bharatmatrimony.com and TechTribe.com. Accel Partners, a leading venture capital firm operating in Silicon Valley, Europe, Israel and China has formed Accel India Venture Fund in July this year with a strategy to strongly focus on early-stage venture investing in India. ChakPak.com's growing user base has persuaded the above venture fundings, this entertainment network has an Orkut app along with recently launched mobile website to add up more users in its bag. The website has given an strong emphasis on user generated content unlike to other B-grade networking portals in India.