Accel India’s Prakash: ‘We Are Yet To See Slowdown In Business Plans We Receive’

Posted by Admin

November 22, 2008

Jerry Yang To Step Down As Soon As Yahoo Board Finds Replacement
Yahoo (NSDQ: YHOO) CEO Jerry Yang will step down from his post as soon as the board finds a suitable replacement, and BoomTown broke the story. The official release from Yahoo is out. Kara also has his full memo to the Yahoo team, in which Yang says he’ll participate in the search for his successor. Once the new CEO is in place, Yang will go back to his role as Chief Yahoo—and he will retain his seat on the board. Full story on paidContent.org… More coverage—including our poll—on Jerry Yang stepping down: — Poll: Who Should Be the Choice For Yahoo CEO Position? — Yahoo CEO Search: Some Possible Names: Miller, Chernin, Freston, Rosensweig and Others — Yahoo React: Analysts Expect Board To Get Aggressive On MSFT, AOL Deal — Yahoo CEO Search: Obama-Like Immediate Priorities — Yahoo And Yang’s Greatest Hits: History In Links Our streamlined mobile application for the BlackBerry and other smart devices brings you the latest headlines quickly on the go. Click here to download.
Source: feeds.feedburner.com

Accel India Closes $60M Second Fund For Seed, Early Stage
There will be no significant shift in the investment strategy for the new fund. While there are almost all the funds targeting the late stage, growth capital investing and even PIPE ( private investments in public equity) investing, here is a VC fund which has raised capital to do seed and early stage investing. Accel India, formerly known as Erasmic Partners has closed a new $60 million seed and early stage fund. Accel believes that seed and early stage markets continue to be under served in India, attracting less than 5% of the total venture capital funds. There will not be a significant shift in the investment strategy of Accel, and it will continue with their highly engaged model to venture building. Accel India’s portfolio of companies includes DoveTail, HolidayIQ, Inbiopro, Kaati Zone, Kirusa, MuSigma, Myntra, Perfint, Sconce and Virident. “Accel India is pleased to have gained the support of our industry’s elite investors,” said Peter Wagner, Partner at Accel Partners. “The Accel India team is already functioning as a key element of our Accel global network, to the benefit of talented, passionate entrepreneurs in India and around the world.” “We have seen a significant increase in entrepreneurial activity in the last few years; many are first time entrepreneurs who find significant value in our team’s experience in hands-on company building beyond just the cash investment” said Subrata Mitra, Partner at Accel India. Accel India is managed by four partners: Mahendran Balachandran, Gagan Kumar, Subrata Mitra and Prashanth Prakash. This story has been provided by our content partner VCCircle
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Sync travel details with your calendar
It’s been some time since we made an iCalendar feed of your travel bookings available within your Cleartrip Account. Thanks to the open iCalendar format you can subscribe to your trips in your favourite calendaring program and keep track of travel details, timings along with all of your regular appointments and meetings–all in your favourite calendar application. We recently spent some time making sure that the travel calendar subscription works correctly with a variety of different calendar applications and are pretty happy with the results. We’ve tested this pretty extensively and it’s working well in all of our tests. For instructions on how to synchronise your trip calendar, use the appropriate link below: Subscribe to your trips through Google Calendar Subscribe to your trips through Apple iCal Subscribe to your trips through Microsoft Outlook Subscribing to your travel calendar is a one time activity–once you subscribe, your travel data will be automatically updated in your calendar application.
Source: blog.cleartrip.com