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TREND | 18 Nov 2024

Private Equity And Venture Capital Investments Rise To $4.7 Billion In October

NDTV Profit

By the number of transactions, October 2024 saw a 21% increase with 91 deals compared to 75 in October 2023, the report said..

Startups

TREND | 13 Nov 2024

Karnataka govt's venture capital programme to bring investment of $17.5 bn

Business Standard

The programme Venture Capital Connect organised during the upcoming Bengaluru Tech Summit is expected to draw over 50 leading global investors, including family offices, angel investors

Startups

TREND | 13 Nov 2024

Swiggy Confirms Compliance With FSSAI Shelf Life Standards Amid Regulatory Scrutiny

NDTV Profit

Swiggy's compliance follows an FSSAI directive from an industry-wide meeting with Blinkit, BigBasket, and Amazon, requiring food platforms to list items with adequate shelf life at delivery.

Startups

TREND | 13 Nov 2024

BlueGreen Ventures launches $75 mn maiden fund, expects final close in 2025

Business Standard

Venture Capital entity BlueGreen Ventures on Wednesday said it has launched a maiden USD 75 million, about Rs 633 crore, fund for investment in early-stage startups. The fund has been launched by operators-turned-investors Rajeev Suri and Anup Jain who were managing partners at Orios Venture Partners. "The USD 75 million fund was approved by SEBI about a month back. We expect to close the fund same time next year," Jain said. The new fund claims to be backed by Global CEOs and CXOs from Fortune 500 companies, along with successful startup founders from India, the firm said in a statement. "We are privileged to have the full support of the ecosystem as we approach our first close, set to be announced shortly. They have placed their trust in us, recognising our commitment, values and passion for partnering with founders to create success stories. "We are also deeply grateful for the extensive backing we have received from angels, government bodies, fellow VCs (venture capital firms)

Startups

TREND | 12 Nov 2024

Physis Capital raises Rs 150 cr for Rs 400 cr fund, to invest in startups

Business Standard

Venture Capital firm Physis Capital has received commitment of Rs 150 crore for its around Rs 400 crore or USD 50 million venture fund, which it plans to invest in 12-15 startups, a senior official of the firm said on Tuesday. Physis Capital, General Partner, Vinay Bansal told PTI that the firm expects the final close of the fund by early 2026. "Our Rs 400 crore fund is split into four buckets comprising Rs 100 crore retail investors, Rs 100 crore family offices, Rs 100 crore from financial institutions and Rs 100 crore from the government. "We have closed Rs 100 crore from retail investors and half of the family offices bucket. We have received a total commitment of Rs 150 crore," Bansal said. Physis Capital was set-up by the founders of Inflection Point Ventures which has invested in companies like Bharat Pe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy. "The final close of the fund is expected by early 2026. We will invest the fund in Indian start-ups. Physi

Startups

TREND | 11 Nov 2024

Bhanzu secures $16.5M Series B led by Epiq Capital; poised for US expansion

Business Line

Bhanzu CEO: The U.S. math education market has significant potential, but it is dominated by large, billion-dollar companies that have not innovated their curricula or effectively embraced technology

Startups

TREND | 10 Nov 2024

Peak Bengaluru Moment! Roadside vendor sells coconut for Rs 55, Poster takes a dig at Zepto, Blinkit and BigBasket

Business Today

The roadside coconut vendorhas gone viral on social media for a clever handwritten poster comparing their coconut prices with those on online platforms. The poster highlighted that while Zepto, Blinkit, and BigBasket sell coconuts for Rs 80, the vendor offers them for just Rs 55.

Startups

TREND | 08 Nov 2024

Private Equity Hipsters Are Coming For Your Favorite Apps

NDTV Profit

Italian company Bending Spoons is buying up subscription tools like Evernote and WeTransfer and is ready to spend billions more.

Startups

TREND | 08 Nov 2024

Zoomcar Raises $9.15 Million In Funding For Debt Repayment And Working Capital

NDTV Profit

The Series A warrants have a term of 5 years, and the Series B warrants are exercisable until exercised in full, Zoomcar said.

Car-sharing platform Zoomcar raises Rs 76 cr from institutional investors

Business Standard | 08 Nov 2024

Startups

TREND | 01 Nov 2024

Venture capitals cautious on AI: Startups must show clear value, returns

Business Standard

Venture capital firms in India are becoming cautious with AI investments, emphasising solid business models and tangible returns, as many startups face closures amid changing dynamics