Georgian's Lead Investor Emily Walsh will join the Contentstack board along with Contentstack CFO David Overmyer
A Mumbai-based venture debt marketplace is in the midst of setting up an Alternate Investment Fund (AIF) in India and raise USD 90 million for funding 100 startups in 10 countries as well as opening a Singapore office. The AIF, a private equity fund in India, will raise money from Indian investors for the Indian companies, Mumbai-based 8vdx founder Ravi Chachra said on the sidelines of Singapore Fintech Festival. We have money from Indian investors and we are setting up an Indian AIF, an equity fund, said Chachra, a serial entrepreneur and veteran financial investor with a specialisation in credit. The Mumbai team of 15 will be expanded to 40 next year while 10 more funding experts will be placed in offices in Singapore, to be opened next year, as well as Delaware and California. The company has already raised USD 10 million, some of which have come from small investors such as people keen on investing as little as US$10,000 in startups, he explained. Chachra, and 8vdx co-founder
Company will use funding for expansion, new technology and product development
WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies
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
The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors
Are RBI's hands tied when it comes to inflation? Why are Indian start-ups facing a severe funding winter? Will IT stocks survive global recession fears? What is low base effect? All answers here
However, investors have already raised a lot of capital which needs to be deployed and this will ultimately find its way to the Indian start-up ecosystem
Venture funding data indicates that Indian start-ups are in the middle of a harsh funding winter. While the global situation is not good, the slowdown is more pronounced in India. Let us find out why
Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve
The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall
The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)
Company raised $22 million in funding in March earlier this year at a valuation of $120 million
Round saw participation from Insitor Partners, 9Unicorns, Venture Catalysts and a clutch of other investors
Company will use financing to expand technology team and for product development
Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce
Edtech unicorn UpGrad and fintech start-up EarlySalary among companies to earn big-ticket investments: Tracxn
Start-up assists enterprises in hiring high-skill talent on contract and manage such employees
Funds will be used to build a plug and play stock advisory layer to power existing brokerage accounts such as Zerodha, Upstox and Groww
The investment was led by Innovation Endeavors, with participation from angel investors