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The global corporate funding in the energy storage sector more than doubled to USD 15.4 billion during the January-July period, according to Mercom Capital. The investments include Venture Capital (VC) funding, debt financing, and public market financing, the US-based research firm said in its latest report. "Corporate funding for energy storage companies in the first half of 2024 reached USD 15.4 billion across 64 deals, up 117 per cent over USD 7.1 billion in 59 deals in H1 2023, driven by a strong first quarter," said the 'Funding and M&A Report for Storage & Grid'. VC funding for energy storage companies in H1 2024 came to USD 2.4 billion in 48 deals, a 37 per cent increase compared to USD 3.8 billion in 43 deals in H1 2023, Mercom said. Lithium-ion-based battery companies received the most VC funding in H1 2024. Other top funded categories included Battery Recycling, Metal-Hydrogen Batteries, Materials and Components providers, and Sodium-based battery companies, the...

Startups

TREND | 14 Aug 2024

Venture Capital, Private Equity Investments In India Drop To $2.7 Billion In July

NDTV Profit

Interestingly, the number of deals increased to 81 from 68 transactions in the year-ago period, indicating the deal sizes were down.

Startups

TREND | 14 Aug 2024

Beco raises $10 million in pre-Series B round led by Tanglin Venture Partners, others

Business Line

Startups

TREND | 13 Aug 2024

Kitchen and personal care brand Beco raises $10 mn in pre-Series B round

Business Standard

Founded in 2019 by Aditya Ruia, Akshay Varma, and Anuj Ruia, the Mumbai-based company claims to have achieved 3x growth in the last year

Startups

TREND | 31 Jul 2024

Angel One Invests Rs 250 Crore In Wealth Management Unit

NDTV Profit

The company will offer investment products across asset classes, technology-driven accessibility for clients and support of relationship managers to the clients, it said.

Brokerage firm Angel One invests Rs 250 cr in wealth management arm

Business Standard | 31 Jul 2024 1 more

Startups

TREND | 31 Jul 2024

I don't want to be captain, I want to be the leader: Suryakumar Yadav

Business Standard

Suryakumar Yadav's heart is beating with joy watching his teammates care for each other, as he starts his journey to become a leader of men rather than a mere captain of a cricket team. In his first series as full-time T20I captain, Suryakumar won the 'Player of The Series' award after two brilliant knocks in the first two games, but getting two wickets with his off-breaks in a thrilling Super Over win was an icing on the cake. Like I said before the series, I don't want to be the captain, I want to be the leader, Suryakumar said at the post-match presentation ceremony. He couldn't stop praising his teammates, who showed a lot of heart in defending a modest 137. The amount of skill they have, self-confidence, it makes my job easy. The positivity, the care for each other is unbelievable. After the last game, I told few boys will be rested and they were ready to sit out. They have made my job easy. I have little pressure when I bat, he said. The Indian skipper said that just like o

Startups

TREND | 30 Jul 2024

PNB Housing Finance block deal today: 13% equity changes hands on BSE

Business Standard

PNB Housing Finance block deal: Private equity firm Carlyle Group's Quality Investment Holdings PCC likely sold its partial stake in the housing finance company