Page 10 - Fundings

Century to unlock ₹14,000 cr GDV with ₹1,850 cr boost from investors

The funding, led by Ares Asia and SC Lowy, will support both ongoing and upcoming projects in the city across residential and commercial verticals

CloudSEK sees 5-fold jump in valuation in $19 million fundraise round

Cybersecurity firm CloudSEK has raised USD 19 million in a fresh funding round from a clutch of investors at a five-fold increase in valuation to around USD 118 million (about Rs 1,000 crore) compared to its previous funding round, a top company official said. CloudSEK Co-Founder and CEO Rahul Sasi told PTI that the company has raised fund after a period of three years, mainly to set up its operations in the United States. "We have raised USD 19 million from some of the strategic investors after a period of about three years. In three years, our revenue has grown five times, and so has our valuation. We have raised funds at a valuation of around Rs 1,000 crore mainly to set up our US operations," Sasi said. The round saw participation from a mix of India and US-based investors, such as MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault. Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund and

Management buyouts have seen an uptick after Covid-19, shows data

Funding options, structural changes make increased traction likely

Global funds return to India as Trump-era trade bets boost equities

The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US

Govt needs to reinterpret viability gap funding for building social infra

Public spending on social infrastructure is constrained by the government's commitment to fiscal consolidation

Biryani Blues raises $5 million in funding led by Yugadi Capital fund

Quick service restaurant chain Biryani Blues on Tuesday said it has raised USD 5 million (over Rs 40 crore) in a funding round led by Carpediem Capital's new fund Yugadi Capital with participation of other investors. The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics. The brand plans to open over 100 new outlets over the next three years, Biryani Blues said in a statement. "We are poised to accelerate our expansion by opening over a 100 new brand stores over the next three years, in popular high street markets and malls across north India," Biryani Blues Co-founder Raymond Andrews said. Operating under Thea Kitchen Pvt. Ltd, Biryani Blues runs 68 outlets across North India and Bengaluru. Earlier, Biryani Blues raised USD 5 million in Series B funding from Rebel Foods in FY22. It had previously secured USD 2 million in Series A funding from Carpediem Capital Partners Fund I ...

Porter raises $200 mn in Series F round led by Kedaara and Wellington

Porter has raised $200 million in a Series F round led by Kedaara and Wellington to scale operations, deepen impact on MSMEs, and build a green logistics network

PB Health raises $218 mn in seed round led by US-based General Catalyst

PB Health, the healthcare venture of PB Fintech, has raised $218 million to set up a 1,000-bed hospital network in Delhi NCR and drive health-tech innovation

Proptech startup Alt DRX raises $2.7 million from investors to expand biz

Alt DRX, a tokenised digital real estate marketplace, has raised USD 2.7 million (around Rs 23 crore) to expand its business. In a statement on Monday, the company said it has "closed its Pre-Series A funding round, raising Rs 23 crore (USD 2.7 million)". The round witnessed participation from investors -- Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, nX Capital -- besides angel investors such as Harsha Bhogle (Golden Voice of Cricket), Parthasarathy (Founder of Mindtree), and Richard Rekhy (former CEO of KPMG India). Alt DRX aims to make residential real estate accessible to people by democratising this asset class by enabling people to buy and sell tokenised residential properties one square feet at a time, powered by algorithmic daily pricing, instant settlements, and blockchain-powered transparency. Anand Narayanan, one of the founders of Alt DRX, said the fund will be utilised for purchase of residential

Evren raises $100 mn from ALTÉRRA to build 11 GW clean energy pipeline

The capital will support the development and construction of up to 11 GW of wind, solar, and battery storage projects in India, primarily across Rajasthan and Andhra Pradesh

Lighthouse invests ₹225 crore in premium occasion wear Kalki Fashion

Founded by Saurabh, Shishir, and Nishit Gupta, Kalki offers premium bridal, festive, and occasion wear for both men and women

Global race to lure US researchers intensifies after Trump cuts funding

The Trump administration has halted large swaths of federally funded research and embarked on mass layoffs under a government-wide cost-cutting initiative led by billionaire Elon Musk

Avaana Capital leads $3.8 mn seed round in biotech startup GreenGrahi

The funding will be used to build one of India's largest facilities capable of processing 150 tons of feedstock daily and also expand the scientific team and enter global markets

Harvard seeks speedy resolution of lawsuit over Trump's funding cuts

Harvard filed the lawsuit after the White House froze $2.2 billion in research grants on 14 April over its refusal to change policies on governance, discipline, hiring and admissions

Uniqus Consultech raises $20 mn in Series C funding, round led by Nexus

The round was led by Nexus Venture Partners, with participation from Sorin Investments. Both are existing investors in the company

And the wait continues: Fintech funding revival still out of reach

Sectoral regulators have signalled that they expect fintechs to focus strongly on governance, risk, compliance, and conduct aspects

Stay invested in quality smallcap funds, if risk profile and horizon allow

Investment is risky but medium-term outlook for companies in certain sectors is favourable

Garuda Aerospace raises ₹100 cr in series B funding from Venture Catalysts

Ace cricketer Mahindra Singh Dhoni-backed aerospace startup Garuda Aerospace on Wednesday said it has raised Rs 100 crore in its series B funding round from Venture Catalysts. The fresh funds, raised at a valuation of USD 250 million, will significantly enhance the company's capabilities in producing drone systems, Garuda Aerospace said. The funds will also be allocated to scaling up the platform's current production facility and fast-tracking the completion of an R&D and testing centre dedicated to advanced defense drone design, it said. "This series B funding not only strengthens our capacity to scale manufacturing and innovation but also positions us to accelerate the development of next-generation drone technology," said Agnkshwar Jayaprakash, Founder and CEO of Garuda Aerospace. This development not only strengthens Garuda Aerospace's position in the Indian aerospace ecosystem but also aligns with the nation's broader vision of achieving self-reliance in high-tech defense ...

UN humanitarian agency to slash staff by 20% amid 'brutal cuts' in funding

The UN humanitarian agency said it is cutting its 2,600 staff operating in more than 60 countries by 20% because of brutal cuts in funding that have left it with a nearly $60 million shortfall. UN humanitarian chief Tom Fletcher said in a letter obtained Friday by The Associated Press that the humanitarian community was already underfunded, overstretched and literally, under attack before the recent funding cuts. In the letter to staff at the agency, he didn't say which country was responsible for the cuts that led to the funding crisis at the UN Office for the Coordination of Humanitarian Affairs, known as OCHA, but he indicated it was the United States. Fletcher said OCHA had an overall budget of around $430 million for 2025, noting that several countries have announced or implemented cuts to the agency's extra-budgetary resources. He singled out the United States. The US alone has been the largest humanitarian donor for decades, he said, and the biggest contributor to OCHA's ...

Gujarat raises MLA fund by Rs 1 cr to ₹2.5 cr with focus on water projects

The Gujarat government has increased the annual MLA local area development to Rs 2.5 crore from the existing Rs 1.5 crore. Half of the additional allocation must be spent on water conservation, an official release said on Wednesday. The chief minister has significantly increased the grant allocated to the MLAs for the development and to further enhance the established identity of Gujarat as a role model of development, it said. The existing annual grant of Rs 1.5 crore allocated to the members of legislative assembly (MLAs) for local area development has been increased by Rs 1 crore, it said. The additional funds have been earmarked with a focus on the Centre's Catch the Rain' initiative for the collection and storage of rainwater, the release said. MLAs will have to carry out works worth Rs 50 lakh from this additional grant for the Catch the Rain' campaign launched by Prime Minister Narendra Modi for water conservation and rainwater harvesting, it said. To ensure future water .