EV maker Euler Motors raises additional $24 mn, closes Series C round
Commercial electric-vehicle maker Euler Motors, which raised nearly $60 million in fresh capital in October 2022 and about $14.5 million in November 2023 as a part of its Series C round, has secured another Rs 200 crore, closing the round, the company said on Wednesday. The investors in this round include ......
Japan’s Eneos leads Zypp Electric’s Series C funding
Electric vehicle delivery app Zypp Electric Tuesday said it has raised $15 million (Rs 124.6 crore) as part of its Series C funding round, led by Japanese investor Eneos. The round also saw participation from existing investors, including 9unicorns, IAN fund, Venture Catalysts, and We Founder Circle. The funding is part ......
RBI cracks down on CDPQ-backed Edelweiss ARC, ECL Finance for rule violations
The Reserve Bank of India on Wednesday imposed restrictions on Edelweiss Asset Reconstruction Company Ltd and group company ECL Finance Ltd on concerns related to evergreening of stressed assets. The central bank asked Edelweiss ARC to stop acquiring financial assets, including security receipts (SRs), with immediate effect and barred non-banking finance ......
Tech startups DiFacto, three others raise early-stage funding; BharatX acquires Zenifi
Deeptech startup DiFacto, climatetech startup EcoRatings and foodtech startup Devigere Biosolutions and antimicrobial manufacturer Nanosafe, secured early-stage funding, while YCombinator-backed BharatX has acquired healthcare finance startup Zenifi, the companies said on Wednesday. DiFacto Robotics and automation solutions provider DiFacto has raised $4.8 million (Rs 40 crore) in a Series A funding round ......
Flam, five others secure early-stage funding
Mixed reality (MR) platform Flam, ice pops brand Skippi, e-mobility startup Maxvolt Energy, artificial intelligence company Inspeq AI and fintech startups AbleCredit and Gravity, secured early-stage funding, the companies said on Tuesday. Flam Artificial intelligence (AI)-based mixed reality (MR) platform Flam has raised $4.5 million (Rs 38 crore) in a pre-Series A ......
Former Mahindra Partners, Omidyar execs' PE firm Amara makes manufacturing bet
Amara Partners, a private equity firm floated by Parag Shah, a former executive of Mahindra Partners, and Piyush Soone, a former executive of Omidyar Network, has invested in an automotive component manufacturing company. The Mumbai-based investor, focused on mid-market companies as well as Series A and B startups, has backed publicly ......
Beams Fintech Fund changes timeline for final close of maiden vehicle, ropes in two LPs
Beams Fintech Fund, a private equity firm focused on investments in growth-stage financial services and software companies, has revised the timeline for making the final close of the maiden investment vehicle, a top executive told VCCircle. The Mumbai-based firm, which was earlier looking to make the final close of the fund ......
Peak XV, ChrysCapital-backed Awfis’ IPO covered over 108 times
The initial public offering of Awfis Space Solutions Ltd received a spectacular response from investors with the share sale recording subscription of 108.56 times on the third and final day of the issue. The offering of 8.63 million shares, excluding the anchor investors’ portion, received bids for 934.3 million shares, stock-exchange ......
Belgium’s Verlinvest ups stake in Indian consumer products firm
Belgian investment firm Verlinvest, which focuses on consumer as a theme for both its direct venture capital and private equity-style transactions as also its commitments to third-party managed funds, has increased its exposure to one of its portfolio companies in India, two people aware of the development told VCCircle. Verlinvest, which ......
High Street Essentials and two others bag early-stage funding
Apparel maker High Street Essentials, insurtech startup CoverSure and fintech firm CirclePe secured early-stage funding, the companies said on Monday. High Street Essentials High Street Essentials, which operates women’s fashion brands Indya and FabAlley, has raised $6 million (Rs 50 crore) in a mix of equity and debt from a host of ......
