The alliance seeks to bridge long-standing capital gaps in deep tech by channelling funds into high-cost, high-impact areas such as semiconductors, AI, robotics, space, defense, and medical devices.
The firm had previously targeted raising $130 million for its first close, when it announced its $225 million Fund II in March this year.
He is the latest to quit after Shailesh Lakhani, Piyush Gupta and others left over the past year or so.
The company said the fresh capital will be deployed to deepen its distribution network across smaller cities, expand private label offerings, and further improve supply chain efficiency.
Launched in 2023, the growth-stage investor has already deployed one-third of the corpus through investments of $8–14 million each across startups like Astrotalk, IDfy, Smallcase, Porter, and Snapmint.
Elevation Holdings will write $20-50 million cheques and focus on new-age companies that are close to a public market listing. It will continue to stay invested in these firms even after their IPO.
The startup is currently live in 10 Bengaluru pincodes with a single 4,000 sq. ft. dark store and will roll out its app in September.
The board will anchor #100DesiDeepTechs, a national initiative to identify and support India’s top 100 deeptech startups.
Tyagi’s untimely passing at around 50 years old follows a series of tragic losses in the startup community over the last year
This will mark the VC firm’s first quick commerce investment since its $500,000 seed bet in Grofers (now Blinkit) in 2014.
Deeptech, generative AI and computer vision are among the top-funded sectors in 2025, reflecting investors’ focus on specialised and high-potential applications
The capital will fund expansion of fulfillment centers beyond metros, bolster engineering and product teams, and establish a new Bengaluru office to leverage India’s tech talent pool.
Urban Company is being valued at around $1.8 billion, or Rs 15,500 crore, during these transactions where Accel, Bessemer Venture Partners, Tiger Global and Elevation Capital are all selling shares.
Fund cycles, better exits and stronger startup pipelines are drawing fresh capital back into India’s venture ecosystem
The D2C beauty brand, valued at $200 million, aims to double its Rs 500-crore revenue run rate, as it scales offline retail and tech investments
Moneycontrol was the first to report in April that the firm was in talks with multiple investors for a Rs 500 crore fundraise
Accel is now actively investing in companies with proprietary technology and intellectual property (IP) at the core of their business models.
A91 Partners’ investment into Shree Anandhaas comes after Motilal Oswal (MO Alts) invested in Lal Sweets as investors bet on a large unorganised industry, and family-owned businesses, in India becoming more organised as an increasing number of consumers alter their purchasing patterns.
Bansal bought a total of 42.7 million shares in Lenskart at a valuation of $1 billion, a steep discount from the $9-10 billion valuation the company is aiming for during its IPO.
The firm plans to back 8–10 startups over the next four years through its second fund via its in-house company creation model.
HDFC Bank’s former top boss Keki Mistry will also invest some money in his personal capacity, sources told Moneycontrol.
Nexus will continue to bet on new-age companies in the artificial intelligence (AI), software, fintech, and commerce markets, as it had planned with its seventh fund a couple of years ago.
Lenskart estimated that it closed FY25 with $455 million (Rs 3,865 crore) in revenues from its India business, with the remaining $300 million (Rs 2,550 crore) coming from its international operations, the document showed.
Startups are betting on curated, hyperlocal delivery experiences as fashion emerges as a hot new frontier in India’s quick commerce playbook