Nandan Nilekani's Fundamentum Partnership stayed away from any new investment in 2021 as the firm couldn't find companies where it thought it would be able to generate returns.
The funding slowdown is healthy because nothing was changing in the business but valuations were going up because of the fear of missing out for venture capital firms
Fundamentum joins a growing list of early-stage venture capital investors in India to have raised large funds for Indian-focused startups. Earlier this year, VC firms Accel and Elevation Capital had also closed their largest-ever India-focused funds.
The government’s recent decision to cut excise duty on fuels could boost consumer sentiment in the near term, says the top honcho
The government has ambitious plans for deployment of 175 GW renewable power capacities by 2022, including 100 GW of solar.
Watch the interview of Sanjeev Aggarwal, Senior MD of Helion Venture Partners with Shereen Bhan on CNBC-TV18, in which he shared his experiences with startups and road ahead for startups in India.
Big data analytics firm Axtria on Wednesday said it has raised USD 30 million in a third strategic round of funding (series C), led by Helion Venture Partners with an investment of USD 15 million.
As is customary at the start of the year we look ahead and discuss what are likely to be the big ideas and themes for 2013. There was general malaise and slowdown in the Indian economy.
It has been six years since Daksh, one of India’s fastest growing startups, was sold to IBM.
CNBC-TV18 brought together some of the brightest and most respected entrepreneurs and venture capitalists like Sanjeev Aggarwal, MD, Helion Advisors; Sanjeev Bhikchandani, founder, naukri.com and Hemir Doshi, co-founder, IDG Ventures India, to draw up the entrepreneurial agenda for 2011.
HNI investor Sanjeev Aggarwal has alleged that another fraud has been perpetrated at Citibank, this time in its wealth management scheme. In a candid interview on CNBC-TV18, put his allegations in perspective.
Hero Corporation services has said that two more of its employees could have possibly colluded in the Citi fraud. Ganpat Singh and Gaurav Jain from Hero services have been named during the inquiry.
In an exclusive interview with CNBC-TV18’s Elan Dutta and Nayantara Rai, Aggarwal says due to the misuse of signed blank documents to buy and sell various securities, Helion Advisors has lost money to the tune of Rs 33 crore.
Fears that money from the fraud at Citibank was used to rig share prices ease. Police sources say that most money was invested through brokerages in derivatives like the nifty index options. And in late evening development, police have registered an FIR against 11 Citibank officials including Citigroup CEO Vikram Pandit.