VENTURE CAPITAL POST

GE Energy Financial Services announced that it will invest $24 million in Welspun Renewables Energy Pvt Ltd's solar power project in Neemuch, India to help more people in the country have access to renewable energy.

Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed amount.

Kohlapur, India-based commercial bank Ratnakar Bank Ltd pocketed $54.6 million (INR3.28 billion) from foreign investors CDC Group and Asia Capital and Advisors through the sale of an undisclosed minority stake to fund its rural expansion.

Atlanta, US-based Internet-based TV service provider YuppTV Inc pocketed $2.5 million in its first funding round from Indian early stage investor Sashi Reddi to scale up and expand its client base.

Mumbai, India-based big data analytics startup Germin8 pocketed $3 million in its first funding round from Kalaari Capital to expand internationally and fuel sales, marketing, branding, and product development activities.

Gurgaon, India-based e-commerce firm Ibibo Group purchased Bangalore-based online bus tracking and analytics startup YourBus for an undisclosed sum to integrate the latter's tracking function into its travel services.

Indian entrepreneur and angel investor Sashi Reddi is backing Hyderabad-based fast food restaurant chain Hello Curry with INR3 crore from his seed-stage venture fund Sri Capital.