Page 27 - Fundings

EV company Motovolt Mobility raises Rs 16 cr in per-series A funding

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India

Billionaire Gautam Adani's firm weighs $1.8 bn fundraise in new shares

Billionaire Gautam Adani's conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year

Hiranandani group to raise Rs 3,100 crore via debt for data centre biz

The company will maintain Rs 150 crore in interest service reserve account (ISRA)

EV start-up Chargeup raises $7 million in pre-series A1 funding round

The EV market in India is expected to grow aggressively from 2 million to 80 million vehicles by 2030 as per government estimates

Mphasis extends grant to Ashoka University with Rs 18 crore in funds

Makerspace will be a collaborative workspace for making, learning, exploring, and sharing using high-tech to no-tech tools, which will enable the ideation of tech-enabled solution-centric startups

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

Instant food brand Yu raises Rs 20 cr funding for business expansion

Company says it will 'aggressively expand' presence in US, Africa and West Asia

RBI prods Indian civic bodies to issue municipal bonds for funding

India's local city governments must consider issuing municipal bonds to meet their funding requirements as the demand to ramp-up infrastructure in the Asia's third-largest economy grows

Mobility solutions provider Automovill raises Rs 2.15 cr in funding

Company offers services for car owner, has presence in 20 cities and caters to 150,000 customers

Smart home appliances start-up Up raises $1.3 mn in pre-seed funding

Start-up's device assists people with no cooking experience by listing recipes, nutrition information

pi Ventures raises $8 mn for 2nd fund from British International Investment

The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million

Foodtech startup On2Cook gets Rs 17 cr seed funding at Rs 100 cr valuation

Firm says its cooking appliances help domestic and commercial kitchens

Chiratae Ventures Growth Fund -I announces its first close at Rs 759 crore

The fund is targeting to invest across 15-20 companies raising Series C and beyond rounds

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic

Silverneedle Ventures launches Rs 100 cr fund; to invest in 30 startups

Venture capital firm Silverneedle Ventures on Friday said it has launched a Rs 100-crore fund and plans to invest in 30 startups in the next 18 months. The fund was founded by Ajay Jain and Deepesh Agarwal, who were also the founders of Xseed Partners, and it was approved by market regulator Securities and Exchange Board of India (SEBI) in August. "We will invest in 30 startups in the next 18 months and will support them till we get exits -- generally in 3-5 years for a healthy exit. The fund will aim for investing in the range of Rs 1 to Rs 6 crore per deal," Silverneedle Ventures, Co-Founder and Managing Partner, Ajay Jain said in a statement. Silverneedle Ventures (SNV) shared the first investment of an undisclosed amount of funding in a creator monetisation platform Knorish. The funding round was backed by marquee investors such as Andrew Holland, Bharat Serum Family Office, IPV, Mumbai Angels, and Jet Synthesys. "Knorish aims to utilize the fund by expanding and growing its .

PhonePe in talks to raise $700 million at $12 billion valuation

Digital payments firm seeking investors' support to scale up operations and compete with rivals

More companies will have to focus on profitability in future: Nikhil Kamath

If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said

From layoffs to cost-cutting, start-ups brace for long funding winter

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Mother Sparsh gets second investment from ITC, eyes Rs 100 cr in Series B

Announcement comes on heels of Mother Sparsh's entry into the diaper segment with the launch of Plant-Powered cloth diapers. The firm had raised Rs 20 crore in Series A from ITC last November