Venture Capital firm Blume Ventures recently announced the closure of its Fund III at $102mn. The firm’s third fund has been raised from anchor investors based in India, Japan, the US, and Asia. The fund also raised amounts from existing limited partners, who have earlier invested in previous funds. According to a company press release,…
Bengaluru-based food-tech startup Go DESi recently announced that it has raised ₹4.5cr from Delhi-based venture capital firm Rukam Capital. Rukam Capital is known for investing in early-stage consumer products and services companies. The funding round also saw participation from AngelList and Upaya Social Ventures. The company plans to use these funds for operation and geographical…
Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited. It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its…
Greenhouse agritech startup Clover recently announced that it has raised $5.5mn in Series A funding round from Omnivore. The funding round also saw participation from existing investors Accel and Mayfield. In a press release Avinash BR the Co-founder of Clover, said “We are thrilled to partner with Omnivore, Accel, and Mayfield as we scale our…
Beating the global economic slowdown, venture capitalists are eyeing heavy on the Indian startup ecosystem. One of the most active investors in India, Sequoia Capital is in planning to launch a $1.25billion fund making it the largest venture fund specially dedicated to Indian startups to date. It is being estimated that the new fund will…
In an attempt to reduce its carbon footprint and achieve carbon neutrality by 2040, Amazon CEO Jeff Bezos announced the introduction of electric delivery rickshaws in India. The details of the plan are not yet made public by the company, however, CEO Jeff Bezos through twitter announced the use of e-rickshaws for door-to-door delivery. The…
Cadila Pharmaceuticals Ltd plans to invest another Rs 100 crore in its Jammu unit. The funds would be directed towards expansion, up gradation and modernisation of its facility at Samba in Jammu district. The facility had commenced phase-one commercial production at this unit in August 2006 with an initial investment of Rs 100 crore. The…
Air Works India Engineering Pvt Ltd (Air Works), India’s leading provider of Aviation Services, today announced that it has made a strategic investment in Dubai based private aviation specialist, Empire Aviation Group FZCO (EAG). This move will help Air Works increase its footprint in the Middle East and provide world class aircraft management services to…