Elecbits has raised $5.5 million in a Series A round led by Nexus Venture Partners, with SE Ventures and Riverwalk Holdings, to scale its AI-powered Elecbits XOR platform
Nexus Select Trust acquired retail space at Nexus Elante in Chandigarh at an enterprise value of Rs 253.7 crore, funding the deal via commercial paper and cash while keeping its loan-to-value at 18%
Nexus Venture Partners has closed its $700-million Fund VIII to invest in early-stage AI, enterprise software, consumer and fintech startups across India and the US
San Francisco-based AI startup Olto secured $5.1 mn in a pre-seed round co-led by Nexus Venture Partners and The General Partnership to automate and personalise B2B demos
The shares were disposed of in the price range of ₹850.85-850.88 apiece, taking the combined deal value to ₹425.45 crore
Zango, which helps financial firms stay audit-ready with AI agents, will use its $4.8 million seed funding to grow teams in London and Bengaluru and build new product modules
The round was led by Nexus Venture Partners, with participation from Sorin Investments. Both are existing investors in the company
The funding will enable Zinc to drive product innovation and expand its offerings
Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to exchange data, Blackstone sold 31.55 crore units in Nexus Select Trust at Rs 138 apiece, taking the total transaction value to Rs 4,354.90 crore. Domestic mutual funds, including ICICI Prudential Mutual Fund (MF), and HDFC MF picked up units of Nexus Select Trust. Among foreign companies, US-based financial services company Wells Fargo and Morgan Stanley acquired stake in the company while French asset management firm Carmignac bought units of the REIT firm, as per the data on the NSE. These entities acquired a total of 11.75 crore units or 7.76 per cent stake in Nexus Select ...
Hyderabad-based company will use money to build studio, invest in technology, strengthen production pipelines
Specialty coffee company says financing will help it expand supply chain
Sport comprises 16 per cent of the Indian footwear market and is the fastest-growing segment
The company said a portion of the latest funding will be allocated to the company's efforts to chart the path towards profitability
Logistics company Delhivery has partnered with private equity firm Nexus Ventures and Amazon Web Services to launch an accelerator programme for budding entrepreneurs in the logistics space, a statement said on Tuesday. The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions, Delhivery Chief Technology Officer and Executive Director Kapil Bharati said. Leading cloud services provider AWS is providing activate cerdits of USD 25,000 (around Rs 21 lakh) to selected startups for building and scaling technology infrastructure. In the first edition of the programme, 20 out of 234 applicants were picked for providing mentorship, the statement said. Warehousing-focused ODWEN, Wherehouse, and Warehousity; EV fleet providers, including EVIFY and Zyngo, agritech startups such as Upjao Agrotech and E Sandhai and aggregator platforms Paapos, Hyphen SCS, and Loadexx were among the selected startu
The offer includes fresh issue of units worth up to Rs 1,400 crore and an Offer For Sale (OFS) of up to Rs 1,800 crore
Blackstone-sponsored Nexus Select Trust, which will hit the capital market on Tuesday, has raised Rs 1,440 crore from anchor investors. Nexus Select Trust will launch India's first REIT (Real Estate Investment Trust) Initial Public Offer (IPO) backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all are backed by office assets. The company will hit the capital market on Tuesday to raise up to Rs 3,200 crore through its retail REIT maiden public offer, and this includes fresh issue of units worth up to Rs 1,400 crore and an Offer For Sale (OFS) of up to Rs 1,800 crore. The company has fixed the price band at Rs 95 per unit to Rs 100 per unit for the proposed issue scheduled to close on May 11. As per the regulatory filing on Monday, Nexus Select Trust has raised Rs 1,440 crore from anchor investors, which included many mutual fund and insurance companies. The anchor investors who have been allocated units are -- HDFC Mut
Blackstone-sponsored Nexus Select Trust, which will soon launch Rs 3,200 crore retail REIT public issue, has acquired 17 shopping malls in the last seven years and will further expand portfolio through inorganic route as it remain bullish about retail consumption. Nexus Select Trust will hit the capital market on May 9 to raise up to Rs 3,200 crore through its retail REIT Initial Public Offering (IPO) and this includes fresh issue of units worth up to Rs 1,400 crore and an Offer For Sale (OFS) of up to Rs 1,800 crore. The company has fixed the price band at Rs 95 per unit to Rs 100 per unit for the proposed issue scheduled to close on May 11. This will be India's first REIT (Real Estate Investment Trust) IPO backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all backed by office assets. Nexus Select Trust has a portfolio of 17 operational shopping malls, including Delhi's premium Select City Walk, across 14 major citie
Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms
The funding round was led by Nexus Venture Partners with participation from the Y Combinator Continuity Fund, among others
Deal takes total fundraise to $20 mn; Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers to help with their transportation needs