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Archive for the ‘pune-shining’ tag.

MasterCard acquires Pune-based Electra Card Services

Credit Card company Mastercard has acquires Pune-based Electra Card Services, (owned by Pune’s Opus Software Solutions), reports the Times of India. Excerpt: ECS […] provides software products and processing services for electronic payments. Its customer base includes financial institutions, retailers and telcos in over 25 countries. ECS’ suite of products enables customers to issue and […]

Pune based @Clogeny Technologies acquired by US based MSys Technologies

(Sorry, this news is being posted here a little late; I was on vacation when this news broke, and decided that a late update is better than no update at all.) According to a press release: MSys Technologies, a Georgia, US-based company that provides technology and product engineering services in storage, cloud computing, embedded systems, […]

Pune’s Cuelogic acquires California based mobile apps development company

Pune based services company Cuelogic Technologies has just acquired the services arm of California based company Evolutionate, Inc. Excerpts from their press release: The acquisition came out through a prior strategic partnership between the two companies in which Cuelogic offered Evolutionate and its customers, mobile application development services, cloud computing services and advanced testing services […]

Pune based enterprise security firm Uniken raises investment from Nexus Venture Partners

Pune-based enterprise security software company, Uniken, has just raised a round of funding from Nexus Venture Partners, reports the Economic Times. The amount of funding has not been disclosed, but the internet is claiming that it is around $4.8 million. This is Nexus’ second major investment Uniken’s main product is the REL-ID platform which allows […]

Baby products e-commerce retailer, Pune’s FirstCry.com raises Rs. 82cr funding

Pune’s FirstCry.com, a baby-products online retail store, has just raised Rs. 82 cr from Singapore’s Temasek Holdings, and existing investors IDG Ventures, and Saif Partners, reports the Economic Times. This is FirstCry’s third round of funding. Previously FirstCry had raised $4 million in 2011, and $14 million in 2012. Excerpts: FirstCry, which has tied up […]

Pune’s @SuhasKelkar, Pradeep Kulkarni, @Amdocs, @Allscripts win awards at Confluence 2013

Pune had a strong showing at the excellence awards given out at the recently held globalization conference, Confluence 2013, held in Bangalore by Zinnov (a globalization and market expansion advisory firm), with Punekars winning 2 individual awards (3 if you look closely), and 4 company awards. At the conference – whose theme this year was […]

Pune Becoming an Innovation Hub – Financial Times

Financial Times thinks that Pune is becoming an innovation hub. The city’s economy (and real estate market) is now driven by the presence of two large and growing sectors: automotive manufacturing and information technology. Why is the Pune story so compelling? First is the ecosystem already in place: Willy Praet, a Belgian expat who moved […]

Tech companies in Pune that have recently raised funding

Here is a list of technology companies that are fully, or mostly based in Pune, and have raised angel, seed, or venture capital in recent times. If you know of any company missing from this list, please leave a comment below so we can update the list. Companies that raised Series A or better in […]

Advantage Pune Panel Discussion: Opportunities for Pune to become an Innovation Hub

These are a few quick ‘n dirty notes captured during a Panel Discussion that was held as a part of the “Global Conclave: Advantage Pune” event held in Pune yesterday, organized by Zinnov and Software Exporters Association of Pune (SEAP). The panel discussion was on the topic “Opportunities and Challenges for Pune to become an […]

Pune’s InnovizeTech receives Rs. 4.5cr funding from Seed Enterprises

Pune based startup, InnovizeTech software, which makes productivity measurement software, has just announced that it has closed a Series-A investment of Rs. 4.5 crores from Seed Enterprise. Seed Enterprise is a newly established fund focusing on software products in emerging markets. It has been started by Mitesh Bohra, Avinash Sethi, and Siddharth Sethi (previously co-founders […]