Skymet Weather raises $4.5M in Series B funding from Daily Mail arm, Omnivore

Noida- and Mumbai-based weather forecasting services provider Skymet Weather Services Pvt Ltd has raised approximately $4.5 million (Rs 27.6 crore) in its Series B round of venture financing from dmg::information Asia Pacific Pte Ltd, a subsidiary of British media conglomerate Daily Mail and General Trust plc (DMGT), with participation from existing investor Omnivore Partners.

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SourceMedia Acquired by Observer Capital

After an initial exploration of a sale two years ago, Investcorp has sold SourceMedia, a b2b publisher serving the financial and healthcare markets. Observer Capital is the buyer and it’s the first deal for the private equity firm since it was formed last year by Joseph Meyer, the CEO of Observer Media, which owns New York Observer

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