VC money pouring into India

Very interesting article in contentsutra. Way too much bling bling pouring into India!

A Compilation of VC And M&A Deals In Digital Media In 2006

Theyear 2006 definitely hasn’t been a bad year for the Indian digitalmedia business from the POV of venture capital and merger andacquisitions. There were as many as 26 venture capital deals publiclyannounced. That has brought in about $175 million in VC money alone in2006. The M&A has also been picking up with more than a dozen dealswhile the most of figures are undisclosed. Here is a quick compilation.

Key VC deals in the Indian digital media and technology sector
1. iJive – (($4.5 million from Matrix Partners India)
2. TutorVista – ($10.75 million from Lightspeed, Sequoia Capital and SVBank in second round and $2 million from Sequoia in first round earlythis year.)
3. 4 Interactive – (Undisclosed amount Matrix Partners India)
4. MakeMyTrip – ($13 million from Helion Venture Partners, Sierra Ventures, SAIF Partners)
5. Carwale.com – (Undisclosed amount: Seedfund)
6. Travelguru (Undsiclosed amount from Sequoia Capital in the firstround in February 2006, and $15 million in second round from BatteryVentures and Sequoia)
7. Picsquare – ($75,000 from Angel Investors - Sanjay Swami, CEOof mChq, Shripati Acharya, founder of Snapfish and Vijay Iyer, VP(Marketing), Portal Systems)
8. Sulekha.com – ($10 million from Norwest Venture Partners)
9. JustDial – (Undisclosed funding by SAIF Partners)
10. Guruji.com - ($7 million from Sequoia Capital India)
11. Seventymm.com – ($7 million from Matrix Partners India)
12. BubbleMotion – ($10 million from Sequoia Capital India)
13. BharatMatrimony – ($8.6 million from Canaan Partners and Yahoo)

14. Cleartrip.com – (Undisclosed: Kleiner Perkins Caufield & Byers and Sherpalo Ventures)

And the list goes on............ check it out in the site.