--Canaan Partners is close to making its second investment in India after it set up shop in the country last year. The Silicon Valley venture fund has zeroed in on a Delhi-based start-up that provides remote desktop services for US and UK customers. The firm may invest about $2 million-$5 million. A Business Standard report says the firm has invested in an unnamed company. When VC Circle contacted Alok Mittal, Executive Director, Canaan Partners India, he confirmed the development but the deal was yet to be closed. He did not reveal the name of the company or other details. Canaan, along with Yahoo, had last year invested $8.65 million in BharatMatrimony Group.

--Every telecom company is or have demerged their tower businesses, and they are offloading stake to private equity funds. Tata Teleservices (TTSL) is reportedly in talks with Singapore’s Temasek Holdings, besides other private equity players to sell stake. It may sell up to 20 per cent stake in the subsidiary which will hold all wireless towers and other related telecom infrastructure. Temasek already owns under 10 per cent in TTSL. Bharti Airtel and Reliance Communications have already hived off their tower businesses, but are yet to sell stakes.

--Mobien Technologies, a provider of enterprise mobility solutions for last mile connectivity, is raising venture capital. The company, founded in 2003 by Logitech Systems India, recently launched iNotify, a mobile solution that integrates an organisation's ERP systems with the mobile devices used by field staff. The company has clients like ITC, Nagarjuna Fertilizers and Dr Reddy's. It has recorded revenues of $6,00,000 in FY 2006-07. (Via Business Standard)