RBI blocks NBFC plans of Mauritius-funded startups
The move follows recent geopolitical developments that have spurred tighter scrutiny of Chinese capital coming into local startups via tax havens like Mauritius, where most venture capital and private equity funds are registered.
Govt insurance firms, pension funds may power Fund-of-funds
Currently, talks are on between various government agencies such as DPIIT, and in...
SoftBank-backed ClimaCell raises new funds for weather forecasts
ClimaCell’s forecasting products use past weather history and artificial int...
Impact-investing boom gives funding jolt to $1 trillion asset manager
Nuveen wrote a $31 million check to Mumbai-based Aavishkaar Group, which invests in startups and early-stage companies in sectors including financial services and food processing in the emerging markets.
Billionaire Milner nears funding in Byju’s, making it India’s second-most valuable startup
The Russian-Israeli billionaire, one of the world’s best-known technology investors, is an early backer of the largest internet firms including Alibaba, Facebook Inc. and Twitter Inc.
Govt to spend Rs 11.85 cr for funding 112 agri startups this year: Tomar
These startups will lead to employment opportunities for the youth. Besides, they, directly and indirectly, will contribute to enhancing the income of farmers by providing opportunities to them.
Walrus raises funding from Better Capital, others
Walrus is a digital-only banking platform for teenagers aged 13 and upwards. Its services can be used by anyone up to the age of 22. The platform provides them a secure and “Gen Z-like” banking solution that helps them to manage their money.
Son’s SoftBank poised to return to profit after big losses
SoftBank uses a number of approaches to value its stakes in private companies, including taking cues from their latest financing rounds and the valuations of publicly traded rivals.
GigIndia raises Rs 7.3 crore Pre-Series A round from Incubate Fund India, others
GigIndia plans to use the newly raised funds in enhancing their technology platforms , expand its brand presence and build a world class team. As a B2B brand GigIndia is bullish on the quality and speed of service to its customers.
inFeedo raises $700,000 from Y Combinator & others
The startup had earlier raised a seed funding of $200,000 from a clutch of angel investors led by Redcliffe Capital managing director Dheeraj Jain and People Group founder Anupam Mittal in December 2016.
IIT-Madras startup raises Rs 22 crore funding for launching wrist band for detecting COVID symptoms
Muse wearables, the startup incubated at IIT Madras by an alumni group along with an NIT Warangal alumnus, is planning to launch the trackers in 70 countries.
Social network platform FLYX raises $200K in pre-seed funding
FLYX is a streaming social network that helps users find recommended content to watch, on the back of a unique algorithm that aggregates reviews from friends, family, and contacts across all major streaming platforms.
Job learning app Entri raises $1.7 million in pre-Series A funding round led by Good Capital
Entri utilises mock and adaptive tests, flashcards and video lessons, across multiple vernacular languages, for job aspirants, in a bid to prepare them for government and private jobs
HealthQuad to hike fund pool to Rs 900 crore
HealthQuad had raised Rs 75 crore in 2016 under its first fund and invested Rs 250 crore along with its investors in the seven Indian companies like Medika Bazar, Regency Hospital and others.
Google’s $10 billion fund is a testament to India’s accommodative ecosystem towards technology: Amitabh Kant
Kant said that the financial technology sector has been the shining star of India’s startup and technology ecosystem.