The Bengaluru-based firm will use the fund to scale operations and expand to new locations.
Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem.
Spread across the entire chain of scientific testing, Nidhi Saxena is helping companies in the Clinical Research Organization space with Karmic Lifesciences
Naveen Tewari of InMobi is talking about his angels, Sasha Mirchandani and Prashant Choksey of India's first angel network Mumbai Angels.
United Mobile Apps (Uma), a 4G technology company, that provides next generation wireless deployments, got a $1 million infusion from Mumbai Angels, an angel network in India.