Marwari Catalysts announces new investment from Kumbhat Advisors. The company said in a statement that it aims to leverage Kumbhat Advisors’ expertise to evaluate its investments in the segment and achieve a stronger foothold. Commenting on the investment CA Mohit Kapoor (Ex. Goldman Sachs) said, “We, at Kumbhat Advisors, are truly excited with our investment…
Startup ecosystem enabler, MCats, is aiming to raise $4 million at a valuation of $25 million, the company said in a statement. According to the statement, the accelerator plans to use the raised funding to reinforce the current portfolio, accelerate the progress towards a digital and self-reliant India, enable global reach and engage more with…
Dell Technologies recently announced that it has collaborated with the National Association of Software and Service Companies (NASSCOM) to help SMEs and Startups ensure smooth operations and maintain business continuity during the present challenging times. Positioned under NASSCOM’s SME Advantage program, this partnership intends to build a robust ecosystem to support them, by bringing together…
Spanish HR automation startup Factorial recently announced that it has secured $16 million in Series A funding round led by Silicon Valley-based VC firm CRV. Creandum, Point Nine and K Fund (three of the most successful funds in Europe) also took part in the funding round. All of these have already invested in Factorial’s last…
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…
The coronavirus pandemic has proved to be a pain in the back of businesses, especially new-age startups. The pandemic followed by a nationwide lockdown has severely affected the businesses and operations of many organizations that are now finding it hard to tide over the unprecedented crisis. Companies have now resorted to tough cost-cutting measures in…
In a bid to strengthen its commitment towards the Indian startup ecosystem, HDFC has announced its aim to invest ₹100crore every year in technology startups. HDFC Chairman Deepak Parekh said that the company will create an in-house team at its headquarters to take charge of investments. This team would dedicatedly work on understanding the startup…