Page 45 - Fundings

Insurance firm ACKO raises Rs 441 crore in funding round led by Munich Re

Insurance firm ACKO on Wednesday said it has raised about Rs 441.8 crore in a funding round led by Munich Re Ventures

DPIIT working on credit guarantee, seed fund schemes for startups

This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

Mitron raises $5 mn in Series-A round led by Nexus Venture Partners

Company will use proceeds to accelerate product development and increase user engagement. It plans to onboard content creators on the app

Toppr raises Rs 350 crore in Series D funding to scale up AI platform

With this, Toppr has now raised Rs 700 crore in all and will use these funds to grow its AI learning platform with over 13 million registered students and to launch new platforms for coding

Glance in talks with US, Japanese investors to raise $200-250 million

Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital

Mobility firm Yulu raises $3.9 mn in equity funding round led by Rocketship

So far, the Bengaluru-based start-up has raised more than $20 million in funding from investors like Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others

Programming paltform Postman secures $150 mn funding by Insight Partners

More than 11 million users around the world use Postman to streamline collaboration and simplify each step associated with building APIs

Start-ups looking to tap into venture debt, avoid large funding rounds

Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business

Space technology startup VestaSpace raises $10 mn from Next Capital LLC

The firm is capable of building small satellite platforms for applications such as communications and earth observation missions, among others

We regret US decision to halt WHO funding: Tedros Adhanom Ghebreyesus

He said, the United States of America has been a longstanding and generous friend to WHO, and we hope it will continue to be so

We regret US decision to halt WHO funding: Tedros Adhanom Ghebreyesus

He said, the United States of America has been a longstanding and generous friend to WHO, and we hope it will continue to be so

ADB triples financial aid for members to $20 billion to fight virus

The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance

Coronavirus impact: Early funding of start-ups may hit a stumbling block

This comes as seed investments in India during the January-March quarter, which was hit by the lowest level in five quarters

Tiger Global-backed Vedantu raises $24 million in extended Series C round

Vedantu plans to expand into newer categories with fresh funding

Indian agri-tech start-ups got $248-mn funding in 2019, says Nasscom

The report said there has been a 1.7-times increase in average farmer income in last decade

Epiq Capital makes first 3 investments in Lenskart, Mswipe and NestAway

The investments in Lenskart, Mswipe and NestAway reflect our core strategy and philosophy, says Rishi Navani of Epiq Capital