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Thoughts

Reliance Entertainment – $3 Billion Giant

As per Business Standard George Soros has picked up a 3% stake in Reliance Entertainment for $100 million effectively valuing the company for $3 billion. ContentSutra got a confirmation of the same from Rajesh Sawhney, President of the Rs. 400 crore investment.
Zapak, Big Adda, Big Flicks, Jump Games and the whole BIG thing (Movies & Music) are owned by the company, which may be heading towards an IPO soon. This is definitely big news for the Indian industry and the value this market holds for the next little while.

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Thoughts

Dull Day

I have had which I had only heard about. A really ‘meh’ day, or to be more eloquent – a ‘blah’ day! I guess I am just going to chill out in front of the one-way-meant-for-boobs tube and read some of the latest on ContentSutra and UX Magazine.

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Thoughts

2007 VC Funding nears 2001 Bubble

Erick Schonfeld over at Techcrunch.com details the Venture Capital funding for 2007 based on a report by PriceWaterhouseCoopers and National Venture Capital Association. It’s been the craziest year since 2001. Ok, so it may not be a bubble as far as this report goes, but I find myself wondering about its existence in India. Lot of hype, lot of trades, not many revenue models – that’s a bubble right? Some interesting facts:

  • $4.6 billion in internet deals -> + 12% y-o-y
  • $5.27 billion in software – biggest sector
  • $7.2 billion or 1267 deals – first time financings
  • $6.3 billion or 1410 early stage deals -> + 11% y-o-y
  • $12.2 billion or 1168 later stage deals -> + 41% vs. 37% in previous year
  • Study represents 480 venture capital and private equity funds
  • $2.2 billion in clean tech – fastest growing sector