- After Completion Of Fund Raising, Fund Of Funds Corpus Will Touch $2.09 Bn: PM Modi Since the launch of the $1.5 Bn (INR 10,000 Cr) Fund Of Funds in 2016, the central government has had to face questions regarding slow disbursement of funds. But during a recent interaction with India’s young entrepreneurs, Prime Minister (PM) Narendra Modi clarified that about $192 Mn (INR 1285 Cr) has already been committed towards […]
- SeaLink Capital Partners Announces First Close Of Maiden Fund At $315 Mn Mumbai based mid-market private equity firm SeaLink Capital Partners has announced the first close of its maiden fund at $315 Mn (INR 2,045.45 Cr), which is significantly higher than its initial target corpus of $250 Mn. The amount has been raised from a clutch of family offices as well as business leaders based in India, […]
- VC Firm Sequoia Capital To Slash Sixth India Fund Size By 25% To $600 Mn-$700 Mn US-headquartered VC firm Sequoia Capital is reportedly slashing the size of its new India fund by 25%. This comes at a time when investors are taking a guarded approach towards the country’s burgeoning early-stage tech ecosystem. With names like Zomato, OYO Rooms, Ola, Grofers and BJYU’s among its portfolio companies, Sequoia Capital is looking to […]
- Early Stage Fund Prime Venture Partners Raises Third Fund With A Corpus Of $61.6 Mn Early stage firm Prime Venture Partners today announced the close of its third fund at $61.6 Mn (INR 400 Cr). The fund, which is an internationally structured fund based in Mauritius, saw investments from LPs based out of the US, Singapore and Hong Kong. Sanjay Swamy, Co-founder and Managing partner, Prime Venture Partners stated, “Digital […]
- Agritech Focussed VC Firm Omnivore Partners Makes First Close Of Second Fund At $46 Mn Agritech focussed venture capital firm Omnivore Partners has announced the first close of its second fund at $46 Mn. As per reports, the amount was raised from a clutch of investors, including SIDBI, RBL Bank, Sorenson Impact Foundation, Dutch Good Growth Fund (DGGF) and The Rockefeller Foundation, among others. US-based single-family office Ceniarth and German […]
- VC Firm 3one4 Capital Announces Second Fund With An Initial Corpus Of $39 Mn Early stage VC firm 3one4 Capital has announced the launch of its Fund II with an initial corpus of $39 Mn (INR 250 Cr). The fund had an initial target corpus of $23.5 Mn (INR 150 Cr) that was fully subscribed within a quarter of the fundraise, which was initiated in 2017. Now with an […]
- VC Firm Nexus Venture Partners To Raise Fifth Fund Of Upto $400 Mn Homegrown VC firm, Nexus Venture Partners, is expected to raise its fifth fund targeting a corpus of $350Mn-$400 Mn. An ET reported cited three people close to the development, who said that the VC firm will increase the share of investments in US based software companies. Nexus Venture Partners was founded in 2006 by three […]
- Venture Debt: Knight In Shining Armour For Indian Startups Consider a fictitious company SoftCo having $15.7 Mn (INR 100 Cr) post-money valuation. Even if SoftCo were able to achieve 100% increase in valuation from last round and raise $6.31 Mn (INR 40Cr) of equity, it would have led to the dilution of approx. 17%. Also, for SoftCo raising only $6.31 Mn (INR 40 Cr) […]
- Karnataka Govt. To Extend Funding Support To Tech Startups Across India The Karnataka government has announced plans to launch a fund for tech startups in the country. During a recent media interaction, the state’s IT Minister Priyank Kharge invited startups from across India to register in Karnataka. As stated by Kharge, entrepreneurs can avail the proposed funding by registering their companies under the Karnataka Shops and […]
- Tapaswi Group Launches Women Centric Billennium Divas Angel Fund Mumbai-headquartered Tapaswi Group Ventures has announced the launch of the Billennium Divas Angel Fund, in collaboration with Navi Mumbai Angel Network (NAMAN). Dedicated to women entrepreneurs and women-centric startups, the angel fund was soft-launched last week at the FICCI ‘Road To GES’ by actress Shilpa Shetty Kundra, Maharashtra State BJP spokesperson Shweta Shalini and South […]
- Aavishkaar Makes First Close Of Bharat Fund At $95 Mn Aavishkaar Venture Management Services (AVMS), the social venture arm of Aavishkaar-Intellecap Group, has made the first close of its newest impact investment fund at $95 Mn (INR 620 Cr). As stated by Group founder Vineet Rai, the Aavishkaar Bharat Fund will focus on financial inclusion, employment, and promoting grassroots entrepreneurship. According to sources, the firm […]
- HDFC Bank Launches Startup Fund With Initial Corpus Of $30 Mn The country’s second-largest private-sector bank, HDFC Bank, is in process of launching a fund for startups. With an initial corpus of $25 Mn-$30 Mn, the startup fund is aimed at helping promising new companies to raise capital. A source close to the development said, “It’s a dynamic startup fund and the objective is very clear […]