Page 13 - Fundings

Accel leads $2 mn funding for Swish to expand 10-minute food delivery

The funding aims to support the startup's expansion across Bengaluru and eventually into other Tier-1 cities, stated the company press release

Emerging India Focus Funds pays Rs 64.35 lakh to settle case with Sebi

Emerging India Focus Funds on Monday settled a case concerning the alleged violations of Foreign Portfolio Investor (FPI) rules with markets regulator Sebi on payment of Rs 64.35 lakh towards settlement charges. This came after the applicant filed an application with Sebi proposing to settle the proceedings initiated against it, "without admitting or denying the findings of facts and conclusions of law" through a settlement order. The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant and issued a showcause notice in February for the alleged violations of FPI Regulations and Intermediaries Regulations. Pending adjudication proceedings, Emerging India Focus Funds filed an application with Sebi and shelled out Rs 64.35 lakh on November 13 to settle the alleged violations. "In view of the acceptance of the settlement terms and the receipt of settlement amount ...by Sebi, the instant adjudication proceedings initiated against applican

India's startup ecosystem sees rebound, late-stage deals take lead

Investors attribute the revival to the country's strong public markets, which are boosting confidence in initial public offering (IPO)-bound startups offering viable exit opportunities

Some rich nations say trillions of dollars needed to fight climate change

Some developed countries on Wednesday acknowledged that trillions of dollars were urgently needed to address climate change and wealthy nations should continue to lead in providing climate finance. These countries -- including Germany, Canada, France, and the Netherlands -- are part of an alliance known as the High Ambition Coalition, which advocates for bold climate actions. "As we negotiate this new goal for climate finance, we must again overcome our differences, strengthen our commitment to global solidarity, and find the money to meet the planet's growing needs," the coalition said stressing that trillions of dollars were urgently needed. The statement comes as countries spar over a draft for a new finance package to help developing countries cope with climate change -- or New Collective Quantified Goal (NCQG) -- that is expected to be finalised at the ongoing UN climate talks in Baku, Azerbaijan. Harjeet Singh, a climate activist and global engagement director for the Fossil

Blue Energy Motors plans to raise $100 million by January, says CEO

Blue Energy, India's first LNG truck manufacturer, was valued at $250 million in its previous fundraising round

BlueGreen Ventures launches $75 mn maiden fund, expects final close in 2025

Venture Capital entity BlueGreen Ventures on Wednesday said it has launched a maiden USD 75 million, about Rs 633 crore, fund for investment in early-stage startups. The fund has been launched by operators-turned-investors Rajeev Suri and Anup Jain who were managing partners at Orios Venture Partners. "The USD 75 million fund was approved by SEBI about a month back. We expect to close the fund same time next year," Jain said. The new fund claims to be backed by Global CEOs and CXOs from Fortune 500 companies, along with successful startup founders from India, the firm said in a statement. "We are privileged to have the full support of the ecosystem as we approach our first close, set to be announced shortly. They have placed their trust in us, recognising our commitment, values and passion for partnering with founders to create success stories. "We are also deeply grateful for the extensive backing we have received from angels, government bodies, fellow VCs (venture capital firms)

Edtech platform Bhanzu secures $16.5 mn for US expansion and global growth

The company has reported 8 times growth since its last funding round two years ago. It is now cash-flow positive, with expansion plans focused on the US market

UN Biodiversity Conference ends in limbo as countries spar over funding

The main focus of COP16 was to advance a landmark biodiversity pact adopted in Montreal two years ago

'What is the source of your funds?' TMC min asks agitating junior doctors

Upping the ante against junior doctors who have been protesting the rape and murder of their colleague at the RG Kar hospital, West Bengal's Agriculture Minister Sovandeb Chattopadhyay sought to know the source of their funds that helped continue the agitation for over two months. Chattopadhyay was speaking at a post-Durga Puja get-together organised by the TMC at his constituency Khardaha in North 24 Parganas district on Wednesday. A video of his address went viral on Thursday, triggering a fresh war of words with the junior doctors. PTI did not independently verify the authenticity of the video. "May I ask them, why are you agitating? For what reason are you agitating? Why is all the anger directed at the government?" he said. "What is the source of your funds? From where are you getting so much money?" he added. Reacting strongly, senior doctor Subarna Goswami said the "outburst" showed the discomfiture of the establishment as issues concerning the healthcare system are being .

Zinc raises $25.5 million in seed funding from Nexus Venture Partners

The funding will enable Zinc to drive product innovation and expand its offerings

Delhi court to decide on Engineer Rashid's bail in terror funding on Nov 19

A Delhi court would likely pronounce on November 19 its order on a bail plea of Lok Sabha MP from J&K's Baramulla, Engineer Rashid, in an alleged case of terror funding. Additional Sessions Judge Chander Jit Singh, who was scheduled to pass the order on Monday, adjourned the matter. The judge had on September 10 granted interim bail to Sheikh Abdul Rashid, alias Engineer Rashid, to enable him to campaign for the Jammu and Kashmir assembly elections while deferring the order on his regular bail plea. Rashid's interim bail was previously extended till October 28 on the ground of his father's poor health. The National Investigation Agency (NIA) hadn't opposed the plea after verifying the documents. Rashid has been lodged in Tihar jail since 2019 after the NIA arrested him under the Unlawful Activities (Prevention) Act in the 2017 terror funding case. Elections to the 90-member J&K Assembly were held in three phases between September 18 and October 1. The results were declared on .

VC in India funding up 50% in Q1-Q3 2024 on increased big-ticket deals

A total of 883 deals were announced between January and September 2024, marking a 7.3 per cent rise in deal volume compared to the same period in 2023

Avaana raises $135 mn for climate fund to fuel climate-tech startups

Avaana Capital, India's climate-focused venture capital firm, has managed to infuse Avaana Climate and Sustainability Fund with USD 135 million, thanks to support from renowned institutional investors, including the Green Climate Fund (GCF), said a senior official from the company on Wednesday. In a press statement, Anjali Bansal, partner at Avaana Capital, said, "The support we've received from leading global and domestic institutional investors underscores the importance of innovation in driving climate action and delivering long-term impact. The Avaana Climate & Sustainability Fund will help build the next generation of climate-first companies to transform key sectors and make meaningful progress toward a sustainable future." According to her, the fund focuses on three core sectors that account for 90 per cent of India's carbon emissions: Energy and Resource Management, Mobility and Supply Chains, and Sustainable Agriculture and Food Systems. Bansal said India is one of the ...

Reliance Infra's Rs 6,000 cr fundraising plan gets shareholders' nod

Shareholders of Reliance Infrastructure have approved the company's plan to raise Rs 6,000 crore through preferential issue of shares and qualified institutional placement (QIP) route. Both proposals have received shareholders' approval, with over 98 per cent voting in favour of the resolutions via postal ballot, the company informed in a stock exchange disclosure. Reliance Infrastructure's board, on September 19, had approved a Rs 6,000-crore fundraise plan. Of this, Rs 3,014 crore was to be raised through preferential allotment of shares or convertible warrants, while Rs 3,000 crore will be raised by QIP. In the first phase, Reliance Infrastructure is launching the Rs 3,014 crore preferential placement by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share. Out of this, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through promoter company Risee Infinity Private Ltd. Risee will subscribe to 4.60 crore ...

Temasek arm FFH to invest Rs 252 cr in Lendingkart to get controlling stake

Lendingkart on Friday said existing investor Singapore-based Temasek has committed to investing up to Rs 252 crore in the fintech to take a controlling stake. Earlier, Temasek arm Fullerton Financial Holdings (FFH) had 38.16 per cent stake in the company but the investment amount is not known. A company statement announcing the fundraise was, however, silent on the reports of a huge decline in valuation in the latest round of funding. FFH is committing up to Rs 252 crore more and will have a controlling stake, subject to regulatory nods, the statement said. The capital infusion from FFH will enable the company deepen its reach in underserved markets and enhance technology. The company's founder and managing director, Harshvardhan Lunia said the fresh investment is a "vote of confidence" in Lendingkart's ability to transform the MSMEs' (micro, small and medium enterprises) lending landscape and vowed to replicate the investor's past successes in India. FFH's chief executive Hong P

AGNIT Semiconductors raises $3.5mn in seed round marking first investment

The five-year-old Bengaluru-based startup has raised $4.87 million in total so far and plans to use the fresh funds to scale its production and commercial operations

WHO secures $1 billion for 2025-28, with $700 million in new funding

Germany pledged nearly $400 million over four years, with $260 million in new voluntary funding

Beauty products platform Purplle raises Rs 1,500 cr in funding round

Subsidiary of Abu Dhabi Investment Authority leads in committing investment

Oyo likely to raise $200 million at 2x valuation of $4.5-5 billion

OYO to refinance its $450 mn of outstanding debt

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

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.