Page 9 - Venture Capital

VC firm CoinFund raises $158 mn to back early-stage crypto startups

The New York-based firm had initially aimed for $125 million, but received more interest than expected, said Chief Executive Officer Jake Brukhman

CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups

VC firm says it expects institutional investors, family offices, ultra high net worth individuals to support fund

Byju's crisis prompts top India VC firm Blume Ventures to shift strategy

Perceived corporate governance lapses are sending shockwaves through the South Asian nation's fledgling startup economy

Proptech firm Reloy raises Rs 7.2 cr from investors to grow business

HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business. In a pre-series A2 funding round, Reloy (earlier known as Loyalie) said all the existing investors participated along with new investors like BlueLotus VC and Dream Green Capital. The investment will be used to fuel the company's growth and expansion plans, the company said. In February last year, the company had raised Rs 5.9 crore from investors, taking the total external funding to over Rs 13 crore. "India is now the world's most populated nation with only the 7th largest land mass. We need our builders to create the largest cities the world has ever seen. It's time we empowered good builders with our referrals," Reloy founder and CEO Akhil Saraf said. "Our solution streamlines the post-purchase journey that homeowners have with builders and rewards them with benefits across ancillary requirements of home interiors and home .

VC firm Omnivore announces first close of third fund at $150 million

Omnivore Agritech and Climate Sustainability Fund, launched last April, will focus on startups developing breakthrough tech for agriculture, food, climate, and rural economy

RTP Global closes $1bn fund, will make third of investments in India

Fund will invest in sectors that include artificial intelligence, enterprise software, fintech

Tiger Global Management falling short of $6 billion target for new fund

Last year was the firm's most tumultuous since its founding in 2001, but this year's surge in AI-related stocks has helped underpin a rebound for Tiger and other tech-focused hedge funds

VC firm Avaana Capital announces first close of climate tech fund at $70 mn

Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture

Climate-focused VC firm Avaana Capital raises $70 mn in first funding round

This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund

PE/VCs investment in India falls 44% to $3.5 billion, says report

The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively

Sebi likely to change rules to track investments in PE and VC funds

The market regulator is doing this to identify the investors and the source of the money

Sequoia's split sends warning to every company doing US-China business

Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China

Sequoia to separate China, India, Southeast Asia businesses by March '24

Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms

Sebi may soon ease compliance norms for PE, VC funds in India: Report

The capital markets regulator had last week sent an email to 20 fund officials asking them to suggest ways to reduce the compliance burden

Foreign VC funding in India declines 72% as unicorn machines stutter

Foreign money plays a crucial role in start-up funding in India

Sebi mulls streamlining regulatory framework for FVCI registration

Capital markets watchdog Sebi on Thursday proposed to streamline regulatory framework for registration of Foreign Venture Capital Investors (FVCIs). In its consultation paper, Sebi has suggested that the process of granting registration to FVCIs and processing other post-registration references may be delegated to designated depository participants (DDPs) in line with provisions prescribed for FPIs (Foreign Portfolio Investors). An applicant seeking registration as an FVCI should engage a DDP to avail its services for obtaining a registration certificate as FVCI. Presently, the processing of applications for granting registration to FVCIs and related due diligence is carried out by Sebi. In addition, the regulator has suggested that the eligibility criteria for FVCIs should be streamlined, in line with that prescribed for FPIs. Also, it proposed that FVCIs should hold their investments in demat form. The Securities and Exchange Board of India (Sebi) has sought comments from the pu

Even after FTX's collapse, most influential crypto cos follow own rules

The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale

Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn

Company invests in SaaS, fintech, digital health and climate technology; has over Rs 6,000 cr in AUM

VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here

Burda has clarified that action against Ankiti Bose is a result of the joint decision by all investors and not led by any single investor as claimed by her

Venture capital investments down 70% across globe in Q1CY23: KPMG study

Despite the current slowdown, macro factors in India remained stronger than elsewhere, driving optimism that the country will see a bounce back in VC investment in H2 of 2023