Page 28 - Fundings

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

JICA to consider upcoming corridors of Delhi Metro's phase-4 expansion

Estimated to cost Rs 24,000 crore, the phase looks to connect several gaps in the city's transport infrastructure

Shardeum raises $18 mn in seed round from a clutch of 60 investors

WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies

Byju's raises $250 mn from existing investors, valuation remains at $22 bn

Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability

Start-ups tap venture debt to stay afloat amid funding winter, say experts

The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments

India's share in venture capital funding falls sharply; China surges ahead

The decline in Q3 CY2022 is even sharper on a year-on-year basis

Unicorns become 'cockroaches' as tech funding dries up: Report

Global venture funding slumped to $74.5 billion in the past three months, its lowest level in nine quarters, according to CB Insights.

NHAI INvIT raises Rs 1,430 crore for funding acquisition of road projects

The National Highways Infra Trust (NHAI InvIT) has raised Rs 1,430 crore from domestic and international investors, through placement of its units, for part funding its acquisition of three road projects from NHAI, an official statement said. NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government's National Monetisation Pipeline (NMP). Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time The Ministry of Road Transport and Highways (MoRTH) in a statement said the units have been subscribed by a gamut of institutional investors, including Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan Board, State Bank of India, SBI Pension Fund, SBI Mutual Fund, IOCL Employee Provident Fund, L&T and Staff Provident Fund, among others. According to the ..