News Roundup: Edusys secures funding from Sequoia, Summit Partners start operations in India

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Test preparation and certification firm, Edusys Services has raised $7.5mn funding from Sequoia Capital. Very recently, Edusys launched an India-centric brand – MyCATstudy.com – to prepare students and professionals alike to successfully clear CAT exam conducted by IIMs and also owns HRCIstudy.com and 6sigmastudy.com.

Naya Ventures Invest $2mn in GlobalOutlook

Naya Ventures will invest #2mn in GlobalOutlook, Hyderabad based company that provides Hosted Microsoft Communication, SaaS Business Communication and Collaboration Solutions under SAAS model.

GlobalOutlook’s product & service offerings started with email but have since expanded to different verticals. The company claims to be the #1 Private Label Service Provider & #2 Hosted Exchange Service Provider in India.

Summit Partners opens India office

Growth equity investor Summit Partners today announced that it has established a new office in Mumbai. Summit is opening the office to increase investment activity in India and to support its North American and European-based portfolio companies with their expansion efforts the region.

In 2010, Summit Partners invested in Krishidhan Seeds Limited, one of India’s leading seed companies. In addition, a number of Summit’s portfolio companies have a major presence in India, including Belkin International, Continuum, McAfee, Multifonds, Ogone, Snap Fitness and Winshuttle Holdings. Summit Partners intends to make investments in the range of INR50 crores ($10 million) to INR500 crores ($100 million) per company.[source]

Bala Parthasarathy, Co-Founder of Snapfish, joins Canvera’s Board

Canvera has announced that Bala Parthasarathy, one of the Co-Founders of Snapfish, has joined Canvera’s board as an advisor. Bala founded Snapfish in 1999 and was with the company through its acquisition by District Photo and an eventual sale to Hewlett- Packard. Bala was also General Manager & MD of Snapfish International where he led the growth of Snapfish to one of the largest online photo sites in the world with 100M+ users in over 20 countries. Bala is presently Partner at AngelPrime a startup incubator based in Bangalore.

Service Uncle Australia enters Indian Market

The service industry in India is not yet online – there have been few attempts, but mostly these initiatives have remained specific to particular regions and have been heavily dependent on collecting information.

Service Uncle, Australia based online portal, exclusively for services has launched its India operations. The Australian portal, a unique combination of B2B and B2C portal, provides information on a wide range of services and service providers in any city, across the globe. Service Uncle provides a trouble-free solution as the services are categorized into wide range of Service Categories that affect day-to-day lives.

“There are many different ways by which information can be obtained on various services and service providers. You can search it Service Category-wise, Service Provider-wise or Service Area-wise. With added features like ‘Get Information on Email’, ‘Get Information on SMS’, etc., this is the easiest online search assistance for services. In addition, service information can also be received by calling on the help desk (+91-129-4240000) number. Service Uncle has help desk representatives who provide information on services over the phone itself. The exclusive feature of live chat aids to get an instant solution for the query. You can even send your enquiries directly to the Service Providers by using ‘Email this business’ feature! “

At the time of writing this, the portal had very little data on the services categories for locations like Delhi and Bangalore.

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