Deepinder Goyal’s wearable company Temple in talks to raise $50 million from Steadview, Info Edge, Peak XV Partners, others
The institutional funds backing Temple are the same ones who invested in Zomato during its early days. From Steadview to Vy Capital and Info Edge to Peak XV Partners, all the funds have been associated with Goyal during the early days of Zomato. Temple is being valued at around $125 million, sources told Moneycontrol.
VCs double down on baby care: Peak XV Partners, RTP Global lead new funding sprint for BabyMD, Ozi and Peeko
While Ozi is negotiating a $10 million round led by RTP Global, Peak XV Partners is in the advanced stages of investing $4-6 million in BabyMD, a startup that runs a chain of pediatric clinics in Bengaluru. Peeko has already begun engaging with investors, sources told Moneycontrol.
Ranveer Singh’s SuperYou, Gully Labs, Moxie Beauty, others line up fresh rounds of funding as VCs stay in the consumer aisle
Each of these companies is raising between $5 million and $15 million from several marquee consumer funds including V3 Venture, Fireside Ventures, Saama Capital, Bessemer Venture Partners and others, sources told Moneycontrol.
Accel partners with Google to deepen AI investment play
The two will together invest up to $2 million in at least 10 startups. Google will give founders another $350,000 in compute credits across Google Cloud, Gemini, and DeepMind
Logistics startup Ripplr to raise Rs 400 crore in fresh round from SBI, existing investors
The Bengaluru-based firm is being valued at around Rs 2,000-2,200 crore during the ongoing negotiations, sources told Moneycontrol
India’s private banks get another shot at wealth as Deutsche Bank queues up to exit
India’s wealth management industry is a hot bed for growth right now
Karnataka to launch deep tech push with Rs 663 crore fund; VCs to bring in Rs 443 crore
The initiative marks the first time the state is partnering directly with private venture capital (VCs) to co-invest in early-stage deep tech and AI startups.
Akshayakalpa Organic in talks to raise Rs 350 crore from Temasek’s ABC Impact, Narayana Murthy's Catamaran, others
The company's valuation is also set to jump nearly 3X from Rs 590 crore three years ago to Rs 1,500 crore now, sources told Moneycontrol.
Agilitas nears Rs 450 crore fundraise deal with Nexus Venture Partners
While the commitment is in, the amount will be wired to Agilitas in two tranches of $25 million (Rs 225 crore) each, sources told Moneycontrol.
ChrysCapital closes record $2.2 bn fund; largest PE fund ever raised by an India-focused firm
The latest fund marks a more than 60 per cent jump from ChrysCapital's $1.35 billion Fund IX in 2022
Chart of the Day: Pharma, healthcare see record M&As in September quarter
Consolidation, geographical expansion and investments in specialised healthcare drove deal activity
Private equity firms may list in India as IPO market expands: KKR Global Co-CEO Scott Nuttall
"It really does feel like our type of capital is welcome here and private capital naturally wants to go where it’s welcomed," the top private equity executive said alluding to the investment friendly regime under the Indian government.
Carlyle Group-backed Katsura Investments transfers 1.21% stake to promoter, valuing IPO-bound Varmora Granito at Rs 4,500 crore
Varmora Granito IPO | The company will issue fresh shares worth Rs 400 crore, while Katsura Investments and promoters will be offloading 5.24 crore shares via offer-for-sale route.
Private investors and IPO bankers are coordinating early on startup valuations: Sandeep Sinha, Co-founder, Oister Global
Tighter IPO scrutiny and a maturing startup ecosystem are driving private funds to coordinate early with bankers on pricing and liquidity, according to Sandeep Sinha, Co-founder at Oister Global, an alternative-asset manager.
TAM doesn’t matter. I don’t track it, that is an analyst’s job, says Lenskart’s Peyush Bansal
Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview.
SMBC Group CEO assures Yes Bank employees of job security amid layoff concerns: Report
During the townhall meeting, Nakashima said that SMBC would take Yes Bank to the next level of growth by bringing its own global learning and expertise, ET reported.
Accel and Prosus to co-invest in former’s early-stage founder programme Atoms X
Prosus will match Accel’s investment in each company. Earlier each company would get around $250,000 to $1 million in funding but now they’ll be able to raise around $500,000 to $2 million at the early stage.
India Quotient raises $129 million in Fund 5 to bet on early-stage startups
India Quotient has also promoted two of its executives, Kanika Agarrwal and Sahil Makkar, to the position of partner
Temasek enters exclusive talks for minority stake in Romsons Group at around $1bn valuation
The proposed transaction would provide growth capital to Romsons Group for approaching new markets and aid in potential inorganic activity
Prosus picks up 10% stake at Rs 1,295 crore in Ixigo’s parent, funds to fuel AI, hotel expansion
The company will use the sume, Rs 1,295 crore, to fund AI investments and its hotel vertical among others
Ashish Kacholia, Bengal Finance acquire 1.9% stake in TechEra Engineering
Ace investor Ashish Kacholia acquired 2 lakh shares and his investment firm picked 1,12,800 shares in TechEra at Rs 247.1 per share.
CCI clears Lloyds Metals' proposal to acquire 49.9 pc stake in Thriveni Pellets
LMEL is engaged in the business of iron ore mining, direct reduced iron production, generation of captive power, and pellet trading. It supplies iron ore fines and pellets mined/produced around the world.
Waaree Energies acquires 64% stake in Kotsons for Rs 192 crore
Following the transaction, Kotsons Private Limited has become a subsidiary of Waaree Energies, the company said in its statement to the exchanges.
Lucio raises $5 million to build AI-native workspace for lawyers
Adopted by more than 200 organisations globally, including enterprise law firms, in-house legal teams, and boutique firms, Lucio currently supports over 3,000 lawyers in nine jurisdictions.
