Page 16 - Venture Capital

Web 3.0 owned by big VC firms, not users: Twitter founder Jack Dorsey

Web3, also known as Web 3.0, is an idea for a new Internet that incorporates decentralisation based on blockchain

Private equity and venture capital investment may hit record $70 bn in 2021

Apart from value, volumes or the number of deals have also gone up

PM Narendra Modi meets leading CEOs for FY23 Budget inputs

Prime Minister Narendra Modi on Monday met with chief executives of leading companies across sectors ranging from banking to telecom, to health and electronics, for inputs for the next year's Budget. Last week, he had met with leading private equity/ venture capital players to seek suggestions on making India a more attractive investment destination. On Monday, the prime minister interacted with the leading CEOs of companies across banking, infrastructure, automobiles, telecom, consumer goods, textile, renewables, hospitality, technology healthcare, space and electronics, official sources said. This meeting, they said, is part of the many interactions that Modi is holding ahead of the Budget to receive inputs and suggestions from the private sector. Finance Minister Nirmala Sitharaman is due to present on February 1 the Budget for the next fiscal year that starts on April 1, 2022. Since coming to power in 2014, the BJP government has unveiled a series of reforms that have helped I

PM meets venture capital, private equity funds ahead of Union Budget

Prime Minister Narendra Modi on Friday hosted a roundtable interaction with representatives of venture capital and private equity funds.

How India's family offices are striking out on their own in start-up land

Not only that, 83 per cent family offices have an allocation to private markets that is more than 10 per cent of their overall asset distribution

PE/VC investments see monthly decline of 52% in November to $6.8 billion

With a month to go, PE/VC investments in 2021 at $72.6 billion have surpassed the all-time high seen in 2020 by 53 per cent, driven by mega investments in start-ups and large buyouts.

Norwest Venture Partners announces closure of $3 bn fund NVP XVI

Total capital under management at $12.5 bn; last fund NVP XV was raised in 2019 with a corpus of $2 bn

Betting early on multi-baggers: How Unicorn Ventures profit off start-ups

According to a PwC report, the Indian start-up ecosystem saw investments of over $10 billion in the third quarter of calendar 2021 from VCs

SaaS platform Zvolv raises $1.5 mn, will use fund to expand business

The funding round was led by JSW Ventures, a technology-focused venture capital fund.

Despite farm laws' repeal, agritech investments may rise to $700 mn in FY22

Indian agritech start-ups had attracted $528.4 mn in funding in FY21, according to VC firm Omnivore

Will invest in India's metaverse, crypto startups: Antler's Rajiv Srivatsa

The real foundational businesses still take 10 years to build. You can't fast forward it beyond a point, says VC fund's India head

India's PE/VC funding leads widening over peers, developed markets

More capital flowing to Indian entrepreneurs relative to GDP than in other countries

VC firm Antler raises over $300 mn, expands focus to invest up to Series C

VC firm Antler fund raising: Primary focus to remain pre-seed stage funding as it seeks to invest in the world's "most exceptional people"

PE-VC investments surge to record $49 bn in first nine months of CY2021

Investments worth $20 bn in unicorns account for nearly 41% of the value pie so far in CY2021, which has seen the addition of 29 billion-dollar companies

InnoVen Capital announces first close of new fund at Rs 740 crore

The first close was done with anchor investor Innoven Capital Pte Ltd, a joint venture between Seviora (a wholly-owned subsidiary of Temasek) and United Overseas Bank

Artha Venture Fund launches programme to invest in Indian startups

Venture capital firm Artha Venture Fund on Thursday announced the Artha Access programme to make early-stage investments in Indian startups from its recently closed fund of Rs 225 crore.

B2B SaaS-focused VC firm Pentathlon announces final close of first fund

Pentathlon plans to invest in over 20 B2B SaaS startups in a year and make investments of between Rs 75 lakh and Rs 3 crore on an averag

Vahan raises $8 million in funding round led by Khosla Ventures

Blue-collar jobs platform Vahan on Wednesday said it has raised USD 8 million (around Rs 59 crore) in a funding round led by existing investor Khosla Ventures

2am VC plans to invest $10 mn in over 50 Indian startups by 2022-end

US-based venture capital firm 2am VC on Wednesday announced plans to invest USD 10 million in more than 50 Indian startups by the end of next year. 2am VC has already made 10 investments in the first four months of this financial year. It has also made commitments to complete five more investments by the end of this quarter. "Our family has been backing young Indian entrepreneurs for over 10 years, we are and always will be unreasonably long in India. "We aspire to be our US VC investor base's boots on the ground and eyes and ears for decoding the Indian startup ecosystem. We aim to win, and win big with Indian entrepreneurs," 2am VC co-founder and partner Hershel Mehta said in a statement. The VC's portfolio includes Bimaplan, Karbon Card and BurnCal. In addition, it has co-invested with Titan Capital, 3one4 Ventures, Inflexor VC, 100X.VC, LSIP, Y-Combinator, India Quotient, Orios Ventures and iSeed.

VC firm Prime announces 4th fund of $100 mn with first close of $75 mn

The firm also expects to focus on new areas such as decentralised finance (DeFi)/crypto, electric vehicle and gaming infrastructure platforms