RapidValue, a Bangalore-based provider of end-to-end mobility solutions to enterprises worldwide, has received Rs.25 crore in funding from venture capital fund Helion. This is Series A investment from Helion in RapidValue.
RapidValue, which helps companies migrate their business operations to laptops, tablets and smartphones, delivers its services to the world’s top brands and fortune 1000 companies and has offices in the United States and India. In year 2011 RapidValue has been chosen as Top 15 emerging firm in field of innovation by Nasscom.
RapidValue will use the invested funds to grow in various geographies and strengthen its delivery capabilities.
Helion is a leading India-focused venture fund with over $600 million under management. This is the second investment by Helion Venture Partners in the enterprise mobility space after EzeTap and marks its fourth deal of the year.
Rahul Chandra, Managing Director, Helion will join board of directors and Rodney Rogers, Chairman and CEO, Virtustream will join as Independent Director.
LimeRoad raises $15 million
About another important deal, LimeRoad, a leading online social discovery platform for women, has raised $15 million in Series B funding, led by Tiget Global, with participation from existing investors Lightspeed Venture Partners and Matrix Partners India.
The deal is said to be one of the largest Series B rounds secured by an online commerce company in India.
Limeroad is founded by Suchi Mukherjee an Ex-eBay, Skype and Gumtree and the recent funding will help to LimeRoad meet its goal of becoming the most delightful lifestyle discovery platform for women in the country, help to launch of its Android mobile app as well to reach India’s nearly 100 million smartphone users.
Major competitors of LimeRoad in online social discovery e-commerce platform are VioletStreet and and Doozton, a fashion discovery site that was recently acquired by Snapdeal.
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