In FY22, South Africa’s Prosus Ventures mostly invested in India
In FY22, Prosus Ventures invested a total of $900 million. Out of this, $800 million was invested in India, the investment arm of the South African conglomerate Naspers Ltd said on Monday. Prosus Ventures invests in digital assets across India, Southeast Asia, Latin America, Europe and the US. It made ......
VC-backed jewellery platforms plan to grow offline presence
Venture capital-backed jewellery platforms are planning to grow their offline presence in the next few years to scale up their business and boost their visibility even as they aim to strike a balance between the online and offline play in the long run. Even the youngest player in the fray, Giva, ......
Sequoia India grapples with fallout from governance snafus
Sequoia Capital's India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these "lowlights" were mostly behind it, according to three people familiar with the discussions. But two months later, Sequoia, a major venture capital player ......
Sequoia-backed pharma firm's CEO quits to float venture
The CEO and co-founder of Sequoia Capital-backed pharmaceuticals company has quit to float his business, a person familiar with the development told VCCircle. Rajaram Samant has left Akumentis Healthcare Ltd and has founded California-based pharmaceuticals firm Celagenex LLC, the person said. Samant confirmed to VCCircle that he has left Akumentis to start ......
Satya MicroCapital raises $15 mn from existing investor Japan's Gojo & Co
Microfinance lender Satya MicroCapital (Satya), focused on self-employed rural women, has raised fresh funding of $15 million (around Rs 117 crore) led by its existing Japan based investor-Gojo & Company Inc. "The total amount of fiscal backing is constituted by $8 million being allocated to Debt and $7 million being allocated ......
Matrix Partners invests more money in online services marketplace Housejoy
Housejoy, the online services marketplace owned by Bengaluru-based Sarvaloka Services On-Call Private Ltd, has raised Rs 22.83 crore ($3.19million approximately) in a bridge funding round led by existing investor Matrix Partners India. The latest round comes nearly three years after the company last raised capital. Apart from Matrix, other existing investors ......
AngelList India head floats micro fund to invest in tech startups
Utsav Somani, the India head of US-based investment crowdfunding platform AngelList, said he has launched a micro fund, iSeed, to invest in technology startups. In a blogpost, Somani said AngelList founder Naval Ravikant is one of the largest investors in iSeed. Founders of Xiaomi, Thumbtack, Hike, Flutter, Bolt, TaskUs, CoinList and ......
Wellbeing Nutrition, Rocketlane, Synapsica, others raise funding
Wellbeing Nutrition, an organic plant-based nutrition company, has raised $2.2 million (Rs 16.3 crore) in a Series A round led by Fireside Ventures. The news comes just less than a month after the company raised an undisclosed amount through revenue-based financing platform Klub. The latest funding round also saw participation from ......
Tiger Global leads $40 mn Series A round in B2B startup Groyyo
Business-to-business (B2B) manufacturing and automation startup Groyyo Pvt Ltd has raised a $40 million (around Rs 308 crore) combination of equity and debt in a Series A funding round led by Tiger Global. The round also saw participation from existing investors including Alpha Wave, Sparrow Fund and Stride Opportunities, with other ......
Quadria Capital-backed Concord Biotech Pvt pivots to IPO, appoints banker
Quadria Capital-backed Concord Biotech has appointed a merchant bank as it moves a step forward towards raising capital via a public issue and helping its investor secure an exit, two persons close to the deal told VCCircle. The Ahmedabad-based biopharmaceuticals business has appointed Kotak Mahindra Capital for an IPO. Quadria ......
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