According to a report released in New Delhi, VCs and private equities are expected to invest more than $8.5 billion (Rs. 358 Billion) in the next 5 years. The report was released by consulting giant Deloitte and industry lobby Associated Chambers of Commerce and Industry of India (Assocham). The major thrust areas are going to be Biotechnology and life sciences, logistics, clean technology, film production and education. Until now, the investors invested mostly in the area of Information Technology. Now they are seeing the opportunities in the above areas.
A former Google employee and her husband launched a new search engine Monday called Cuil (pronounced “cool”), targeting to contest with Google by indexing more Web pages than the search giant. The company claims that it has indexed 120 billion Web pages and can provide results organized by ideas with complete privacy for users.
Twitter has raised a new $15 million round of funding, following a bidding war by venture capitalists interested to get a slice of the micro-blogging start-up, according to a report from GigaOm. According to GiagaOm, a new investor is leading the round with existing investor, Union Square Ventures also participating in this round.