Wednesday, May 1

Tag: Taxiforsure

Bangalore-Based Video Creation Platform Raises Funding from Blume Ventures
22May By Sheldan RungasamyNo Comments
FUNDING

Bangalore-Based Video Creation Platform Raises Funding from Blume Ventures

Rocketium.com Technologies Pvt. Ltd, the video creation platform recently raised Rs 2 Crore ($ 300K) as seed funding round from Blume Ventures, the early stage-focused venture capital firm and several angel investors. The additional investors include Raghunandan G., co-founder and former CEO of TaxiForSure, now acquired by Ola; Hari TN, who heads the human resource of online grocery store BigBasket; senior executives from Apple, Freshworks, Microsoft and SpaceX notably also participated in this funding round, the video creation platform mentioned in a statement. Satej Sirur and Anurag Dwivedi, who were both former employees at TaxiForSure, founded Rocketium. The funds raised will serve the purpose of expanding the company’s global reach by hiring sales and marketing executives and bu...
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Delhi-based E2E Networks’ IPO crosses one-third mark on First Day
5May By Lavina TolaniNo Comments
Market

Delhi-based E2E Networks’ IPO crosses one-third mark on First Day

Delhi-based Cloud Service Provider, E2E Networks Ltd. which is backed by Blume Venture Advisors witnessed its initial public offering cross the one-third mark on its first day itself. Post the IPO listing, the company is looking forward to entering on National Stock Exchange’s Emerge platform for small and medium enterprises. According to stock exchange data, the IPO received bids for 1.47 million shares against 3.86 million shares on offer. The book which currently does not have an anchor allotment saw 38% subscription at the end of the first day. Holani Consultants Pvt. Ltd, the merchant banker managing the IPO informed that about half of the IPO was reserved under non-institutional category comprising of wealthy individuals and corporate bodies. E2E is promoted by Tarun Dua and...
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