Alpha Wave Global

Carlyle acquired a 66 percent controlling stake in VLCC in January 2023 from its founders Vandana and Mukesh Luthra for around $300 million

Exclusive | Temasek invests $15 million in neobanking platform Fi as part of ongoing Series C round

According to sources aware of the fundraise, the total size of the round is expected to be around $90 million. Alpha Wave Global, which is leading the round has already invested $45 million.

B2B manufacturing and supply chain startup Groyyo raises $40 million from Tiger Global, Alpha Wave

Groyyo is betting on the SME manufacturing industry, which it expects to be worth $120 billion already and sees it growing 5x by 2025.

Fintech unicorn Cred raises $80 million from GIC, others at $6.2 billion valuation

According to Moneycontrol estimates, the Kunal Shah-led company has raised the money at a valuation of almost $6.22 billion. Existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round

SoftBank-backed Cars24 lays off 600 employees in cost-cutting drive

Cars24 joins the likes of well-funded tech startups such as Vedantu, Unacademy, and Meesho to lay off hundreds of employees as investments have dried up.

IPO-bound Pine Labs raises $50 mn from UK-based Vitruvian Partners, likely earning a valuation of $5.5 bn

This is Pine Labs' third fundraise this year after $20 million from SBI and $150 million from Alpha Wave Global. The payments platform is eyeing an IPO in the US within 2022.

Cars24 valuation almost doubles to $3.3 billion with $400 million financing

The company plans to use the funds to accelerate its global expansion and also further strengthen its foothold in the Indian market