Knowledge Partners


 Basiz Fund Service    Economic Laws Practice    Avalon Consulting  

 Spark Capital    Tatva Legal   

September 11, 2012

Deal Alert: Vyome Biosciences Raises Series A Financing

From the Press Release: 

Vyome Biosciences Private Limited, an innovation driven dermatology company focused on developing novel and innovative treatments for common skin conditions such as dandruff, acne, pigmentation disorders and wound healing, today announced that it has closed Series A financing round of Rs. 18.50 crore. The round was led by IndoUS Venture Partners (IUVP), with Aarin Capital and Navam Capital as coinvestors. 

Vyome will deploy the new financing to advance the clinical development of its lead antidandruff products, and to accelerate the pre-clinical development of its anti-acne products. These safer and more effective next-generation treatments are being developed by harnessing emerging genetic information on the disease-causing microbes with advances in nanotechnology. Vyome has already filed multiple Indian and Global patents on these technologies. “Our vision is to emerge as a company that launches global products from India and competes with the best in the world” said Dr Shiladitya Sengupta, Co-Founder of Vyome and Assistant Professor of Medicine at Harvard Medical School.

“Vyome is developing creative approaches that will transform how skin diseases will be treated in the future. Dermatology is one area that has not seen much innovation for over five decades but with the recent advances in science, significantly more effective solutions become possible. Vyome has attracted top talent globally, and the ability to generate multiple highly differentiated products by harnessing cutting-edge scientific platforms creates a very compelling value proposition” said Dr R.A. Mashelkar, Chairman of Vyome's Board of Directors and former Director General of CSIR.

“We are backing a top notch scientific team assembled in India that is leveraging leadingedge platform technology to develop promising products to address the $20 billion global dermatology market” said Dr Kumar Shiralagi, Managing Director, IUVP. 

“Nanotechnology applications are poised to completely transform the future of pharmacotherapy and consumer products as did biotechnology beginning in the 1980s. We are pleased to support some of the leading academic scientists and ventures in this area” said Dr Ranjan Pai, Managing Partner, Aarin Capital. 

“Navam is delighted to welcome IUVP and Aarin as investors in Vyome. The work Vyome is doing will challenge assumptions and change perceptions about India’s capacity to deliver genuine innovation. We are demonstrating what Indian technology companies can achieve if they focus on building innovative products,” said Rajeev Mantri, Co-Founder and President of Vyome, and Executive Director of Navam Capital. 

About Vyome Biosciences Private Limited 

Vyome is a privately-held biopharmaceutical company based in Delhi focused on the development of novel therapeutics for dermatology applications. The Company, which had raised seed funding from Navam Capital, was founded in August 2010 by Dr Rajesh Gokhale, Director of Institute of Genomics & Integrative Biology in Delhi, Dr Shiladitya Sengupta, Co- Chair at the Center for Regenerative Therapeutics at Brigham & Women’s Hospital in Boston, USA and Assistant Professor of Medicine at Harvard Medical School, and Rajeev Mantri, Executive Director of Navam Capital.

Vyome has assembled a world-class management and scientific team, alongside a Board of Directors and Scientific Advisory Board that collectively have a significant track record of conducting acclaimed scientific research, developing breakthrough products and building sustainable businesses. 

About IUVP 

IndoUS Venture Partners (IUVP) is a leading venture capital firm which provides early and mid- stage funding to new or growing businesses in India. Our team comprises experienced entrepreneurs and executives who understand the model of incubating ideas and transforming them into successful enterprises. It is our privilege to fund entrepreneurial ideas and offer collaborative partnerships. We invest in tomorrow's business leaders, explosive new markets and enterprises that will transform our future. We foster close partnerships with our portfolio companies, and build strong relationships based on integrity, trust and mutual respect. At IUVP, we are committed to redefining Indian entrepreneurship and are excited about India's potential to be an innovative player in the global market. Our approach to investing and our philosophy of building successful companies makes us the ideal partner for entrepreneurs. 

About Navam Capital

Navam Capital is a venture capital firm focused on seed and early-stage investments in energy, life sciences, Internet, advanced materials and other emerging technology sectors. Navam backs innovation-driven companies that are developing significantly differentiated products in the pursuit of large market opportunities. Navam was the founding investor in Vyome Biosciences, investing Rs 4.50 crore in 2010. 

About Aarin Capital 

Aarin Capital invests in innovative ideas in the health care, life sciences and technology based products and services business pursuing large market opportunities that are led by driven and committed teams.

September 07, 2012

"Avoid Mind Blocks & Artificial Boundaries" - Pandia Rajan & Latha Rajan of Ma Foi

Cross Posted from the Venture Intelligence Entrevista blog:


Latha Rajan & K. Pandia Rajan of Ma Foi ( Bios)

In conversation with K. Satyanarayan, Co-founder of regional language publishing firm New Horizon Media.
(Recorded on August 15, 2012 in Chennai.)

Highlights:

Takeaways for Other Entrepreneurs: (Click on the links for the video segments)
  • Don't add artificial constraints when it comes to entrepreneurship

    KPR:
    Separating home and work, politics & business - we tend to have many boundaries where none need to exist. These are Western notions and mind blocks that we can revisit.

    Being a Husband-Wife Entrepreneur Combination was never a major hassle for us. In fact, as Latha says often, we would have probably fallen apart but for Ma Foi!

    Latha Rajan: In the early days, he used to travel 25 days a month and I used to travel 10 days a month. But since I was there within the system, I could understand (the pressures and issues). Both of us knew what we were working towards.

    Entrepreneurship has given me a lot of flexibility mentally. I used to take my daughter and son to office if it was required. In fact, the 30th day after my son was born, I was in the office and I took him along.
  • Employees as Members: Everyone who joins Ma Foi is referred to as a "member" (as against an employee).

    Latha Rajan:
    "Employee sounds so transient".

    Even if someone leaves the organization (as an employee), he/she still remains a Ma Foi member (and hence an ambassador for the firm).
  • Innovation in funding: Converted the company into a public limited one very early and raised small amounts from over 275 well wishers, employees & ex-employees and clients. Made sure to pay the shareholders a decent dividend each year. (Ma Foi paid 20% "religiously".)
  • Growth, Diversity, Transparency and Integrity
    Everyone knew how much everyone else was producing
Other Highlights (The Journey & Lighter Moments)
The Full Length Interview Video



Video Of
The Q&A Session




Click Here to Download The Full Interview Audio Podcast - 69 minutes, 32 MB. Use Right Click & Save As to download to your desktop

Click Here to Download the Audio of the Q&A session - 8.54 minutes, 4 MB. Use Right Click & Save As to download to your desktop

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list and free sample newsletters and reports.

September 06, 2012

New Age Real Estate Brokers

From Business Today
...lately a new breed of brokers has emerged, who want to break out of this image. "The first question customers ask is: 'Why should I trust you'," says Samarjit Singh, Founder and Managing Director, IndiaHomes. "So we take special pains to ensure we win their trust." Leading the pack are Investors Clinic and Better Option Propmart (BOP), which notched up revenues of Rs 148 crore and Rs 150 crore, respectively in 2011/12. The bulk of their earnings came from residential properties.

...In their wake came others. There is IndiaHomes, the reincarnated face of Agni Property, which began in 2008 as a traditional property agent, but which in early 2010 decided to concentrate on the primary home market - selling only newly built residential properties. It had revenues of Rs 26 crore in 2011/12. There is also AllCheckDeals, with revenues of Rs 17.5 crore last year, whose very name incorporates the credo that it accepts payments only by cheque. It is part of the Sanjay Bikhchandanipromoted Infoedge Group, which runs a string of classified ad sites, Naukri.com the best known among them. "We got the idea in 2005 following a host of calls from non-resident Indians who wanted to buy homes in India, but without the usual hassles," says Satyajit Tripathi, Business Head of AllCheckDeals.

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list and free sample newsletters and reports.

Profile of broadband services Tikona

From Business Today:

Analysts say Bajpai has been lucky to get 4G spectrum dirt cheap compared to rivals such as Reliance Infotel, which paid $2.7 billion for its pan-India licence. Bajpai paid less than 10 per cent of that (Rs 1,058 crore) to get licences in circles that account for 30 per cent of the population. "Today, 26 per cent of telecom revenues are generated from the five states where Bajpai won bids," says an analyst.

...Bajpai says Tikona will launch 4G services next year. He wants RIL and Bharti to develop the ecosystem of vendors, test the new technology and bring down handset prices. Today, Tikona scores over the others thanks to its experience dealing with broadband customers.

Tikona's average revenue per user is Rs 600 against less than Rs 300 for voice operators. "We are on the way to profitability in the third year itself," says Bajpai. This will be one of the fastest break-evens in the telecom sector (broadband), where companies typically take 12-14 years to break even. However, the 4G rollout will mean an increase in capital expenditure.

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list and free sample newsletters and reports.

Profile of local TV ads firm Amagi

From Businessworld
Amagi’s key message was to explain the benefits of local advertising to television channels and cable and DTH operators. In June 2008, the trio purchased a set-top box from the US for $5,000 only to realise that it used an archaic analog technology that used cables and was server-based. But they decided to make it work on chipsets and consumer digital signal processing. So, they decided to create something that would not only be easy to install but would also be easy for the DTH and cable operators to adapt their set-top boxes to. Once the technology was sorted, they had to sell the idea.

The business model was simple: buy inventory from television channels and sell that to local advertisers. Amagi initially started with retail, jewellery and real estate, and currently works with regional FMCG brands and SMEs who need regional (state-wide) advertising. There are 160 million television sets in India and 600 million viewers, with cable and DTH covering close to 120 million homes. “Geographic targeting in advertising is the future; and not language changed ads,” says Srividhya. Their IP is in the software that goes in the advertisement insertion devices of the cable operator and the software on DTH set-top boxes. They have started licensing their technology to international television networks as well. For television channels, say Amagi’s founders, it would be better to target an audience with regional advertising. They have taken their technology to Asia-Pacific, Europe and Latin America. In India, the company has sold more than 8 million ad seconds, has sales offices in 22 cities, and has tied up with 12 television channels including UTV-Disney, TV-18 and Times TV networks.

...Infosys co-founder N.S. Raghavan is the sole investor and has pumped in around Rs 37 crore, which is being used for increasing sales and channels tie-ups. They have already filed four patents for their technology, and have 1,000-plus advertisers on board.

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list and free sample newsletters and reports.

September 04, 2012

PaaSage from Cuddalore to California: The OrangeScape Story

Rediff.com has an interesting profile of the Chennai-based Platform as a Service (PaaS) software product firm and its founder Suresh Sambandam (who grew up in the small Tamilnadu town of Cuddalore).

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list and free sample newsletters and reports.