European-Asian private equity firm AGIC Capital has announced the successful final closing of its second fund, AGIC Fund II, which will be focused on advanced industrial and medical technology investments. Henry Cai, Founding Partner of AGIC based in Hong Kong, said, “The strong performance of AGIC Fund I proves that our strategy of supporting portfolio…
Pursuant to applicable provisions and regulations, SVP Global Ventures Ltd, a cotton yarn manufacturers in the world has announced it’s intention to issue upto 2,23,80,952 Convertible Equity Warrants to it’s parent company, Shri Vallabh Pittie Ventures Private Pvt. Ltd. The aggregate value of the transaction will stand at ¬Rs. 235 Crs. for cash and the allotment…
European Commission has announced the first round of direct equity investment through the new European Innovation Council (EIC) Fund. 42 highly innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity financing of around €178 million to develop and scale up breakthrough innovations in health, circular economy, advanced manufacturing and other areas. Among them,…
B2B Platform – AgriGator has raised investments from Manish Modi on behalf of Venture Catalysts and Ness Wadia, an industrialist and entrepreneur. Udit Sangwan, Founder, AgriGator, said – “The Indian agriculture industry faces a lot of logistics trouble due to the lack of innovation and technological advancement. The capital infusion would help AgriGator improve on…
Flipkart, e-commerce marketplace, has announced a partial spin-off of PhonePe, digital payments platform. The development is made so that PhonePe can access dedicated capital to fund its long-term ambitions over the next three to four years. The partial spin-off also provides payments platform an opportunity to constitute a new Board of Directors focused on supporting…
Coal India Ltd (CIL), an Indian public sector coal mining and refining company headquartered in Kolkata, announced that it will be investing over 1.22 lakh crore rupees on development of nearly 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies in the country. The investment aims at making India self-reliant…
Laalsa, a Hyderabad-based cohesive food ordering and fulfilment platform that brings customers and restaurants under one umbrella, announced that it has raised $1 million funding from Angel Investors. The company will utilise the fund infusion to boost expansion in India. Currently, it is operating in four major cities – Hyderabad, Vizag, Bengaluru and Chennai. Suresh…
Payments unicorn Paytm’s gaming platform recently announced that it has raised $5.4mn in fresh capital from AGTech Media Private Limited. The recent fund infusion comes at a time when online gaming industry witnessed a spike in demand and user data base amid lockdown. According to company filing submitted to the Ministry of Corporate Affairs, the…
Venture Capital firm Quest Ventures recently announced the first closure of its new $50mn fund. The new fund, Asia Fund II, is anchored with the help of two investors, Pavilion Capital and QazTech Ventures, the sovereign wealth fund of Kazakhstan. In addition to Pavilion and QazTech, Fund II is also backed by entrepreneurs, C-suite executives,…
Silicon Valley-based venture capital firm Mayfield recently announced that it has raised $750 million in capital through two venture capital funds. With the closure of the new funds, the firm currently has assets over $2.5 billion under its management. The new funds are Mayfield XVI ($475million) and Mayfield Select II ($275million). The firm said that…
Wellthy Therapeutics, a diabetes management startup, has recently raised $4mn in a pre-Series A funding round from early-stage VC firm Saamna Capital. The recent funding in the startup comes after a two year gap when the company had raised seed funding from Ranjan Pai’s family office MEMG, according to an Entrackr report. In 2018, the…
London-based venture capital firm Blossom Capital has recently announced its plan to launch an angel investment program called “Cultivate” to support 20 European startups at seed and pre-seed stage. The Ophelia Brown-led VC firm will bring together Europe’s next-generation of ambitious founders with established unicorn pioneers such as Des Traynor (Intercom), Guillaume Pousaz (Checkout.com), Nilan…
QTalk, a smartphone dialer designed to make phone calls stress free has now secured $1.6 million in the seed funding round led by the LightSpeed Venture Partners and Accel India to accelerate product and market development. QTalk is the only public product of Quiph Media Private Limited that initiated operations in early 2018. Founded by…
CoreStack, a Seattle- Chennai based, venture-backed, Enterprise-Cloud Governance Technology Startup with R&D Centre in Chennai, recently announced an $8.5 million in Series A Financing round led by Naya Ventures with participation from strategic investors. With the recent funding, the company plans to add 20 more cloud specialists to its existing workforce of 64 in its…
MeraKisan Private Ltd., a part of the Mahindra Group, and a prominent player in the organic agribusiness market, with a focus on avant-garde organic food supply chains, recently announced its partnership with Ajinkya Rahane, Vice-Captain of the Indian Test Cricket team. Ajinkya who hails from a farming background and is an ardent supporter of farmers…