India Quotient, Inflection Point bet on two early-stage tech startups
Marketing technology startup Maino.ai, skincare brand Chosen and healthtech startup Docplix secured early-stage investment, the companies said on Thursday. Maino.ai Maino.ai has raised $1.8 million (Rs 15 crore) in a funding round led by IndiaQuotient. The round also saw participation from angel investors including Karan Bedi and Janhavi Parikh, among others. The startup ......
Skye Air, Palette Brands, Finsall secure early-stage funding; CredAble gets debt investment
Drone logistics startup Skye Air, consumer goods company Palette Brands and fintech startup Finsall raised early-stage investment, while fintech startup CredAble secured debt investment, the companies said on Tuesday. Skye Air Drone logistics startup Skye Air has raised $4 million (Rs 33.4 crore) in a Series A funding round from a host of investors ......
Former HSBC execs' VentureSoul Capital floats maiden venture debt fund
VentureSoul Capital, a venture debt firm floated by former executives of multinational bank HSBC, Monday said it has launched its maiden fund as it looks to invest across sectors in the new economy space. The SEBI registered category II alternative investment fund (AIF) has a target corpus of $71 million ......
SBICAP appoints former SBI executive as MD, CEO
India's largest public lender SBI's alternative asset management arm SBICAP Ventures Ltd, has appointed Prem Prabhakar as its new managing director and chief executive officer, effective immediately. In his new role, Prabhakar will oversee the strategic direction, operational efficiency and overall growth of the company, SBICAP Ventures said in a release. Prabhakar ......
‘Crafting Bharat: A Podcast Series’, released it’s second episode with Rishabh Sood, Co-Founder and CTO of BluSmart
Over the past decade, the Indian Startup Ecosystem has undergone an exceptional evolution, surfacing as a vibrant and dynamic landscape for entrepreneurs. India is hosting a plethora of startups ranging from tech-driven to those focused on social impact and sustainability. The "Crafting Bharat - A Startup Podcast Series" powered by AWS, ......
Innoviti pockets another cheque from existing backer Alumni Ventures
Payment-focused retail software-as-a-service (SaaS) platform Innoviti said Tuesday it has raised funding from US-based Alumni Ventures as part of its ongoing Series E round. The startup is raising $9 million (Rs 75 crore) led by Alumni Ventures, it said in a statement. Additional investors will be coming on board by the ......
Pavestone VC ropes in pi Ventures’ backer as LP for its maiden fund
Hyderabad-based venture capital firm Pavestone VC, which is raising Rs 900 crore for its maiden investment vehicle launched in July 2021, has tapped an offshore limited partner (LP). Pavestone, which invests in early- and growth-stage companies and hands out a first cheque of $3-5 million (Rs 25-42 crore), has received Rs ......
Arkam Ventures’ Rahul Chandra on new interest areas for second fund and more
Early-stage venture capital firm Arkam Ventures, led by managing directors Rahul Chandra and Bala Srinivasa, raised $106 million for its first fund and invested in 19 startups such as Kreditbee, Jar, Smallcase, Signzy, Karkhana.io, and SpotDraft. The Bengaluru-based VC firm is now set to start deploying capital from its second ......
PSU, energy stocks drive Sensex, Nifty to record high for second session
Indian shares logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government. The NSE Nifty 50 settled 0.29% higher at 23,465.60, while the S&P BSE Sensex added 0.24% at 76,992.77, with both ......
Nykaa scouts for buyers to exit two-year-old bet on beauty care brand
FSN E-Commerce Ventures, which runs cosmetics-to-fashion retailer Nykaa, plans to exit one its portfolio companies in the beauty and personal care category due to scalability issue, among other reasons ailing the brand, at least three people aware of the development told VCCircle. FSN E-Commerce Ventures is looking to exit its over two-year-old investment in Gurugram-based beauty care ......
