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TREND | 15 Oct 2024

Neuron7.ai secures $44 million in Series B led by Smith Point Capital

Business Standard

The firm operates in Bengaluru and plans to scale operations in India, targeting 10x growth in 2024

Startups

TREND | 15 Oct 2024

Pvt equity investment in real estate down 4% to $2.3 bn in Apr-Sep: Anarock

Business Standard

Private equity investments in the Indian real estate sector declined 4 per cent to USD 2.3 billion in the first half of this fiscal year due to lower inflow in office assets, according to Anarock. Real estate consultant Anarock noted that the total number of deals declined to 17 in April-September this year from 24 in the corresponding period of the preceding year. Shobhit Agarwal, MD & CEO of ANAROCK Capital, said, "Private equity investments in offices are primarily driven by foreign investors, which have tapered down due to global factors such as geopolitical tensions and elevated interest rates." However, he added that the aggregate numbers and the dominance of foreign investors in the Indian real estate remained largely stable due to the ADIA/KKR investment in the Reliance Retail warehousing assets. Private equity investments stood at USD 1.2 billion in the first half of 2020-21 fiscal; USD 2 billion in H1 2021-22; USD 2.8 billion in H1 2022-23; USD 2.4 billion in...

Startups

TREND | 14 Oct 2024

Jewellery retailer GIVA raises Rs 255 cr in Series B funding round

Business Standard

Jewellery retailer GIVA on Monday said it has raised Rs 255 crore in a funding round, as it looks to expand its offline presence and bolster its lab-grown diamond offerings. The extended Series B funding round was led by Premji Invest, Epiq Capital, and Edelweiss Discover Fund, with participation from GIVA's top management. GIVA plans to use the funds for expansion across India and to enable strategic investor exits, the company said in a statement. The round facilitated partial exits for early investors A91 Partners and India Quotient. "Our focus remains steadfast on holding our position as the number one silver jewelry player in the market, while further fortifying our lab-grown diamond segment," GIVA Founder and CEO Ishendra Agarwal said. The company also aims to broaden its gold offerings and consolidate its market presence, Agarwal added. GIVA did not disclose the new valuation or the size of the stakes sold by existing investors.

GIVA Jewellery secures 225 crore in extended Series B funding

Business Line | 14 Oct 2024

Startups

TREND | 14 Oct 2024

Return of growth-stage deals drives VC funding in September quarter

Business Line

Venture capital investments surged in Q3, favoring e-commerce and AI/ML startups, with growth-stage deals leading the way

Startups

TREND | 13 Oct 2024

Founders' action, choices key to a start-up's success'

Business Line

Venture capitalist Rahul Chandra talks about what drives founders and their compulsions to keep winning

Startups

TREND | 12 Oct 2024

'Bot Life': BigBasket apologises for compliment on ice cream-sanitary napkin combo, Internet reacts

Business Today

Amirtha Murugesan recently shared her appreciation on social media for a creative product bundle she came across. Highlighting a combo pack of sanitary napkins and ice cream, she praised BigBasket for the thoughtful pairing.

Startups

TREND | 11 Oct 2024

'Default sorry template': BigBasket's mix-up sparks amusement after compliment misinterpreted as complaint

Business Today

The incident came to light when Amirtha Murugesan, a user on the platform X (formerly Twitter), commended BigBasket for recently bundling together staple items often ordered by women during their menstrual cyclessanitary napkins and ice creaminto a combo pack available at a discount

Startups

TREND | 10 Oct 2024

Tracxn, Cashkaro & Earnkaro: The Startups Ratan Tata Invested In | NDTV Profit

NDTV Profit

Startups

TREND | 10 Oct 2024

Meesho to Physics Walla: Top 10 private equity deals of 2024

Business Standard

Private equity investments in India saw the total sum of equity invested reach US$10.9 billion during the first nine months of 2024, marking a 38.9% increase from the previous year.

Startups

TREND | 08 Oct 2024

PE investment in real estate increases to $2.2 bn in Jul-Sep: Savills India

Business Standard

Private equity investments in the real estate sector jumped over twofold to USD 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India. In the year-ago period, private equity (PE) investments in real estate stood at USD 934 million. Real estate consultant Savills India also noted that the PE inflows stood at USD 3.9 billion during the January-September period of this calendar year, touching the investment quantum registered in the entire 2023. The PE inflows stood at USD 6.7 billion in 2019, USD 6.6 billion in 2020, USD 3.4 billion in 2021, USD 3.4 billion in 2022, and USD 3.9 billion in 2023. "Despite global challenges, India witnessed heightened investment activity with YTD 2024 inflows surpassing all of 2023 investments, reflecting strong investor confidence on the back of a robust macroeconomic environment," said Arvind Nandan, Managing Director, Research & Consulting, Savills India. During the July-September quarter,