Sameer Nath, CIO and Head of Private Equity and Venture Capital at 360 ONE Asset, said the firm aims to identify and shape the companies that will define the next generation of unicorns.
The Silicon Valley-based firm has backed companies like BigBasket, Urban Company, Bharat Matrimony, Medi Assist, Perfios, Pharmeasy, Zopper, and Swiggy among others
Prime Ventures' cheque sizes have also grown from $500,000 to a median funding of $3.5 million. It is looking to invest in around 16-18 startups over the next four to five years.
Trump’s strident anti-China stance along with the courting of Elon Musk and other tech billionaires will bring in policies favouring the industry, VCs hope
Mudhal in Tamil translates to first capital and the VC firm will focus on Tier II and Tier III cities in Tamil Nadu
Sacheti was recently appointed as a General Partner at Singularity Growth, and he also invests in D2C startups in a personal capacity.
Founded in 2021, Foxtale had raised a total of $19 million prior to this round and was last valued at around $100-120 million
The quarter also reported four IPOs totaling $466 million, a doubling in volumes compared to the previous quarter
SiftHub was founded in 2023 by Manisha Raisinghani, the cofounder and former chief technology officer of SaaS startup LogiNext Solutions
The VC fund plans to completely exit its first fund in the next 12-18 months. HealthQuad's second fund of $162 million has been deployed about 65-70 percent, so far, and it is currently looking to raise a third one with a targeted corpus of $300 million
Funding jumped to $636 million in 63 deals in February, an uptick of about 19 percent from $535 million in 50 deals in year-ago period, data shows
The plummeting late-stage investments have pushed the overall investments in the red. Indian startups recorded only $366 million in 53 deals in January, a fall of about 64 percent from $1,027 million in 48 deals in December.
Moneycontrol checked with six portfolio companies and none of the founders had a clue about a move of this magnitude.
This comes at a time when Saleem Asaria has also stepped back from daily operations, per sources who added that Raghav Rungta has already left Lightrock. Ashish Garg left in September 2022 to join a startup.
Startups in India recorded about $7.05 billion in funding till November, down 71 percent from $24.36 billion in 2022
The venture capital firm is targeting Rs 1,000 crore in its final close, which is expected to happen by 2024, it said in a statement on September 5. The VC plans to invest across sectors like climate tech, agritech, spacetech, aerospace, and semiconductor ecosystem
If one looks at the PE/VC space through the lens of Indian startups, we may have fared badly, but at an overall level, the performance has been strong, especially considering that funding is drying up globally.
Upskilling and higher education platforms secured close to $750 million across 116 deals in 2022, K-12 and test prep platforms, on the other hand, nearly halved to $1.7 billion in 2022 from over $3 billion in 2021.
In July, investors participated in about 42 funding rounds and invested $523 million, slightly lower than $546 million in about 44 deals in June.
In June alone, investors participated in about 44 funding rounds and invested about $546 million, against $2.4 billion invested across 108 funding rounds in the year-ago period.
Of the $1 billion, RTP Global has earmarked $660 million for early-stage startups, while it will use the balance $340 million to invest in its existing portfolio companies, the VC said. RTP Global will focus on Seed and Series A investments, the company added.
Investors say the fall in funding in AI-related areas is much lower compared to others, and see a few prominent entrepreneurs rising to challenge OpenAI while others start building solutions leveraging its capabilities.
The India and Southeast Asia arm has been rebranded as Peak XV Partners and will now operate as a fully independent firm.
While the funding amount plunged about 44 percent year on year, there was a sharper decline in the number of deals which more than halved in May 2023
VCs engaged in conversations centred around the state of corporate governance matters within Indian startups and explored strategies for early-stage VC firms to implement effective checks that promote adherence to unquestionable business practices