VENTURE CAPITAL POST

KG Subramanian has been promoted as the Managing Director for the Finance and Operations unit of Nexus Venture Partners. The chartered accountant has been serving NVP for the last fourteen years. The promotion appears to be recognition of his contribution which has been echoed from Naren Gupta, co-founder and managing director of Nexus Venture Partners.

Unitus Seed Fund backed Mumbai, India-based dental clinic chain Smile Merchants with an undisclosed investment to develop the latter's hub-and-spoke system and fund its national expansion.

Santa Clara, US-based low-power SoCs (system on a chip) developer Ineda Systems scored $17 million in a Series B funding round led by Walden-Riverwood Ventures to develop products that can be used in wearable devices and Internet of Things (IoT).

New Delhi, India-based microfinance institution Satin Creditcare Network Limited (SCNL) bagged $4.7 million (INR28.44 crore) in a funding round led by Norway-based impact investor NMI Fund III KS (NMI) to fuel its growth and diversification.

Chennai, India-based non-banking finance firm IFMR Capital bagged $29 million in funding from specialist investor LeapFrog Investment's second investment fund for its product and service expansion.

Stockholm, Sweden-based mobile phone community Truecaller grabbed $18.8 million in a Series B financing round led by Sequoia Capital to help identify unknown phone callers and block spam calls.

India-based power firm NSL Renewable Power Private Limited (NSL Power) is said to have plans to pour in $45 million to build new wind farms in Maharashtra through a special purpose vehicle called Jath Wind Energy Private Limited.

Social media giant is in talks for its first acquisition of a product firm in India, Bangalore-based performance analysis and monitoring tools startup Little Eye Labs.