Sequoia India

The agency said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly

Move to reduce the fund and lower fees in prior funds is rare in Asia, and underscores challenges of investing in India where valuations have expanded given robust market for initial public offerings

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

NCLT has also directed Byju's to consider the extension of the closure date of the rights issue

MobiKwik will consider a pre-IPO placement of Rs 140 crore and if this pre-placement is completed, the fresh issue size will be reduced

Company will use funding for wealth management business, asset management franchise

Byju's denied the charge, saying its credit agreement with lenders did not prohibit or restrict the usage, movement or investment of funds

This is the first time investors have externally flagged financial and corporate irregularities at the edtech firm

They said that the decision will have a 'deleterious impact' on the industry and is expected to result in the loss of over 50,000 high-skilled jobs in India

In a joint statement, Mojocare's major investors alleged that they have 'uncovered financial irregularities" in the health and wellness start-up

In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore

Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

There will be no change in the firm's portfolio management strategy

The rebranding happened after Sequoia Capital (US/Europe), Sequoia China and Sequoia India and Southeast Asia decided to become independent firms with distinct brands

RISC-V is a set of instructions that defines how a particular software interacts with a chipset

Within the early-stage space, Sequoia remains bullish on AI, deep tech, and semiconductors

Video telematics startup Lightmetrics on Wednesday said it has raised USD 8.5 million (about Rs 69 crore) in a funding round from Sequoia Capital India. The Bengaluru-based platform uses edge AI and analyses video feeds from the camera installed in vehicles to better understand driver behaviour, and reduce accidents and improve safety. It claims to serve over 2,500 fleet across India, the Middle East, the US, Canada, Mexico, Brazil, Australia, and South Africa. The company will use the funds raised in Series-A round to strengthen its teams from the engineering, customer success, product, marketing, sales and analytics sides for growth. Lightmetrics was founded in 2015 by Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna AG, who had worked together at Nokia Research on computer vision and ML for cameras.

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

Surge combines up to $3 million of seed capital with company-building workshops, a global curriculum and support from a community of exceptional mentors and founders

Includes start-ups in climate tech, AI, metaverse, digital health, new e-commerce models