Deals 
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Early-stage VC funds Kae Capital & YourNest Angel Fund join VentureNursery
VentureNursery, an angel-backed startup accelerator launched in March this year, has announced that two of India's early-stage venture funds - Mumbai-based Kae Capital and Delhi-based YourNest Angel Fund have joined its Charter Angels programme.
Entrepreneurs need time to make good on growth promise, say early-stage VCs
Early-stage VC funding in India and the subsequent investor returns turned out to be one of the major talk points at the gathering of Internet game changers, organised by TIE (Delhi Chapter) to celebrate the India Internet Day on May 24.
S Raghunandan joins Jyothy Labs as CEO & director
Indian consumer products maker Jyothy Laboratories Ltd has appointed S Raghunandan as the chief executive and director.
ValueFirst acquires Way2sms.com, 160by2.com
Digital media company ValueFirst is pushing its inorganic growth strategy as it acquires Hyderabad-based consumer Internet firm Way2online, which owns and operates Way2sms.com and 160by2.com. It is an all-cash deal, reported to be around Rs 200 crore.
VC-backed HealthKart buys sports nutrition e-shop MadeinHealth.com
Bright Lifecare Pvt Ltd, which runs online health store HealthKart.com, has acquired all assets of health nutrition e-store MadeinHealth.com, for an undisclosed amount. As per the agreement, HealthKart has acquired the domain name, inventory, database and its Facebook page besides few key employees of the two year old startup Blue Lion Group Services which runs MadeinHealth. Apparently the deal was struck in March though a formal announcement was not made until now.
TaxiForSure raises Series A funding from Accel, Helion & Blume Ventures
Serendipity Infolabs Pvt Ltd, that runs the online taxi booking site Taxiforsure.com, has raised an undisclosed amount in VC funding from Accel Partners, Helion Venture Partners and Blume Ventures. Anand Daniel of Accel and Ritesh Banglani of Helion have joined the board of the TaxiForSure.
Vilmorin Buys 61 pct stake in Bisco Bio Sciences
French agri products firm Vilmorin & Cie, which is engaged in the production, marketing and sale of vegetable and crop seeds, has acquired 61.01 per cent stake in Bisco Bio Sciences Pvt Ltd for an undisclosed amount.
Michael Moritz to step back from work at Sequoia Capital
Another veteran of the global investor community is taking a backseat from work due to illness. Michael Moritz, a veteran of early stage tech investment group Sequoia, who has been one of the early spotters of success stories like Google, LinkedIn, PayPal and Yahoo, is taking few steps back from work due to what he termed as a ‘rare medical condition which can be managed but is incurable'.
Plastene India becomes third IPO to be withdrawn in 2012
Earlier, Samvardhana Motherson Finance and Goodwill Hospital had to pull out the IPOs due to poor investor response.
Trivone Digital Services acquires WheelsUnplugged and Chakpak
Bangalore-based digital media and content services company Trivone Digital Services Pvt Ltd has acquired automobile portal WheelsUnplugged for an undisclosed amount. The portal provides latest news and updates on automobiles and also features a buyer's guide. A few weeks ago, Trivone also acquired entertainment portal Chakpak, a Bollywood news site offering news, photos and videos.
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