CapAleph Advisors hopes to raise Rs 125 crore private equity fund from domestic institutions and HNIs by December this year.
At least three other investment firms including Delhi-based Madison India Capital have also submitted bids to buy Canaan’s India portfolio.
Daily Rounds, a mobile app that compiles case studies and quizzes for doctors, has raised a seed round Rs 3 crore ($500,000) from venture capital firm Kae Capital.
The app, available on the Android platform, is currently being used by over 45,000 doctors.
These companies focus on sub-segments like vacation planning, asset light hotels, travel related content and are likely to grow exponentially.
Several industry executives that ET spoke to estimated that burn rates range from Rs 30 crore to Rs 120 crore every month at top companies.
An email sent to Steadview Capital did not elicit a response. Quikr's founder and CEO Pranay Chulet declined to comment.
The new round of financing underlines rising investor frenzy to buy into potential market-leading internet companies.
Venture capital firm SAIF Partners has raised about Rs 2,170 crore for anew India-focused fund as it looks to back a new set of start-ups.
Helion Venture Partners, venture capital investors, is on the road to raise $300-400 million (Rs 1,850-2,500 crore) for its fourth India fund.
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