Page 25 - Fundings

Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn

Company invests in SaaS, fintech, digital health and climate technology; has over Rs 6,000 cr in AUM

Iron Pillar leads supply chain tech firm Pando's $30 mn Series B Funding

With the global logistics SaaS tech market estimated to grow to $25 billion by 2025, Pando said it is well-positioned to benefit from the broader tailwinds

Alternative credit firm BlackSoil says FY23 investments grew 55% YoY

Mumbai-based says it is helping start-ups as funding winter continues for sector

Due to funding winter ESG-led funding reaches $7.9 bn in 2022: Report

Of the overall private equity and venture capital investments of USD 61.6 billion in India, as much as 13 per cent or USD 7.9 billion came through the ESG route in 2022, as per an industry analysis. As the funding winter deepened from the first quarter of 2022 after the Russian invasion of Ukraine and the resultant risk aversion, the overall funding from PE/VCs into the country declined 12 per cent from the 2021 peak, when it had scaled USD 69.8 billion, according to a report by industry body Indian Venture and Alternate Capital Association (IVCA), prepared by Bain & Company. But the report noted that ESG (environment, social and governance) focused investment route emerged as a breakout theme in 2022, with investments in clean energy and electric vehicle companies accelerating to reach USD 7.9 billion, which was more than double from 2021 and 13 per cent of the yearly netting, accordingly to the report. ESG has gone beyond being a mere talking point to becoming a key driver of ...

Once booming, Indian start-ups set for more pain as funding crunch worsens

"Indian startups are not catering to a billion consumers. All of them are selling to the same 100 million"

Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding

The firm transforms the entire office development experience using technology with an end-to-end solution across stages of design, procurement, and execution

Funding in Indian startups dips 75% in Q1 2023, no new unicorn in 3 months

Indian startups raised a total of $2.8 billion in funds in the first quarter of 2023, a massive 75 per cent lower compared to the same period in the previous year ($11.9 billion)

Why India's education technology start-ups are in the deep freeze

They will continue to tread on thin ice amid a long funding winter unless they fundamentally revise their business models

A year of reality checks for start-up valuations amid fall in funding

With a dramatic fall in venture capital and private equity funding, Indian start-ups are pulling up their socks, cutting losses, and trying to turn profitable

India's start-up story remains robust

The ecosystem would experience rationalisation of valuations in the current period, with funding expected to gradually increase from Q3 2023-24

Parl Committee urges for adequate funding for India's G20 presidency

The Committee has noted that G20 Presidency is India's most high-profile international endeavour ever. It is also a unique opportunity to present a face of leadership, diversity, success to the world

China Evergrande's EV unit likely to shut down without new funding

The company said it is seeking to cut costs by reducing staff numbers and improving management efficiency. However, "in face of the inability to obtain additional liquidity

Karnataka minister rolls out 3 strategic initiatives to promote start-ups

Karnataka Higher Education and IT/BT Minister Dr CN Ashwath Narayan on Saturday rolled out three strategic initiatives aimed at promoting start-ups and innovation ecosystem in Beyond Bengaluru clusters.The three programmes launched were Mysuru Cluster Seed Fund (MCSF), Mysuru Global Technology Centre (MGTC) and Karnataka Accelerator Network (KAN).It may be noted here that Chief Minister Basavaraj Bommai while presenting the budget 2023-24 had announced these programmes to boost the IT & startup ecosystem in the state. Put together, it is estimated that MCSF and KAN will generate around Rs 200 crore and these programmes will be implemented through Karnataka Digital Economy Mission (KDEM)Mysuru Cluster with a Seed Fund of Rs 25 crores will be funding 70-80 startups which are expected to create over 1000 employment opportunities."Mysuru Global Technology Centre which will be set up in a space of 2 lakh sqft with 3000 seater capacity facilitates high-quality plug-and-play office ...

Suzuki Motorcycle ties up with Standard Chartered to give funds to dealers

Suzuki Motorcycle India on Wednesday said it has joined hands with Standard Chartered Bank to provide wholesale funding to its dealer partners for vehicles and spare parts. The initiative will support the company's dealer partners across the country and enable them to expand their businesses and operations, the two-wheeler maker said in a statement. "As a responsible company, we are committed to support our dealer partners so that they can meet their financial requirements. This programme is a testament to our commitment, and we look forward to a successful partnership with Standard Chartered Bank," Suzuki Motorcycle India Executive Vice President, Sales, Marketing and After Sales Devashish Handa noted. Standard Chartered Bank Regional Head Global Subsidiaries, India and South Asia, Corporate, Commercial and Institutional Banking Chandandeep Kaur said the bank is committed to support businesses in India by providing them with the necessary financial tools and developing customised .

Deals plunge by 60% to $1.8 billion in February on deepening funding winter

The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to USD 1.8 billion in February, shows an analysis. According to Grant Thornton, the industry saw just 89 deals worth USD 1.8 billion in February, which is 60 per cent lower than the year ago period in value terms and down by 54 per cent year-on-year in volume as investors continued to tread cautiously amid macroeconomic uncertainties. This is the second-lowest deal volume and the lowest value since 2014. Of the total deals, M&As saw significant downtrend both in terms of volume which fell 48 per cent to 24 deals, and by 47 per cent in value clocking at USD 755 million compared to February 2022. The IPO segment was the worst with just one issue of USD 8 million, compared to three issues raising USD 1 billion a year ago. While M&As were dominated by cross-border deals, particularly outbound transactions on the back of one ...

Where will startups turn to now that the Silicon Valley Bank is gone?

Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared

Fintech outliers in the funding winter despite tough regulatory framework

According to Tracxn, which tracks start-up data, fund-raises by fintechs slowed in calendar 2022 to $5.65 billion, a drop of 47 per cent from the preceding year

Germany ramps up funding for UN women in 2023 for gender equality

Germany has pledged 26 million euros ($27.6 million) to UN Women in 2023, the country's Ministry for Economic Cooperation and Development (BMZ) said

Divgi TorqTransfer Systems sets IPO price band at Rs 560-590 per share

The IPO will open on Wednesday and conclude on Friday

Market regulator Sebi proposes to introduce 5 new categories in ESG funds

Capital markets regulator Sebi has proposed allowing mutual funds to introduce five new categories under ESG (environmental, social and governance) scheme. The five new categories should be exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives. Presently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes. Considering that AMCs may want to launch multiple diversified ESG schemes under the ESG category, Sebi has proposed that each asset management company should be permitted to launch one ESG scheme each under the five subcategories. ESG schemes under the proposed new category should be permitted with a minimum 80 per cent investment of total assets in equity or debt stocks of a particular theme as per the sub-categories. However, the residual portion of the investment should not be starkly in contrast to the philosophy of the scheme. "AMCs should endeavour to have a higher proportion of the