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Business Funding

Boosting Innovation in India’s Supply Chain: P&G Sets Aside Rs 300 Crore Fund for Startups

P&G Rs 300 crore fund for Indian startups is a game changer in the country’s supply chain industry. Learn more about how innovation is being fueled by this exciting new investment opportunity. Introducing a Rs 300 crore fund for startups by P&G co-creating solutions for a modern supply chain ecosystem, FMCG maker Procter & Gamble

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Cloud Computing Funding Investing Technology

Amazon To Invest $4 Billion In AI Startup Anthropic Inc. will invest as much as $4 billion in Anthropic, giving the startup a boost in its quest to become a major player in generative artificial intelligence. Anthropic will use Amazon Web Services’ homegrown chips to train the models it uses to power chatbots and other applications under the deal, which involves moving most

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Economic & Finance Funding New startups Press Releases

Fueling Startup Growth in India: Incubate Fund Asia Announces First Close of Third Fund, Aiming for $50 Million

India, 21 September 2023 – Incubate Fund Asia, a sector-agnostic Japanese venture capital fund specialising in seed-stage investment today announced the first close of their third fund which has a target corpus of $50 Million (around INR 416 crores). This accomplishment underscores their steadfast commitment to fostering the growth of startups and propelling them towards remarkable success. Incubate Fund’s

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Economic & Finance Funding Investing New startups

Saudi Arabia’s Bold Move: Investing in Indian Start-ups and Establishing Sovereign Wealth Fund Office

To facilitate investments in India, Saudi Arabia is considering setting up an office of its sovereign wealth fund (SWF) in the country, as well as investing in Indian startups through venture capital. Khalid A. Al Falih, the country’s Investment Minister, announced on Monday that a delegation will travel to India in the next few weeks

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Best Industries Ecommerce Funding New startups

Zepto raises $200 million to become the first unicorn of 2023

Unicorns are incredibly rare animals, even in the fiction world, and funding winters make them even harder to come by. Despite the fact that startups find themselves feeling the chill of a lack of venture capital, Zepto has managed to become India’s 84th unicorn with its latest fundraise. The beginning of the year saw 83

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Banking & Insurance Economic & Finance Funding Press Releases Stocks & Funds

IDFC FIRST Bank raises Rs. 1,500 crore of Tier-2 bonds in domestic Indian Bond markets

June 27, 2023:  IDFC FIRST Bank, today announced raising Rs. 1,500 crore of Tier-2 bonds in domestic Indian Bond markets.  These privately placed Bond are issued as unsecured, subordinated, rated, listed, non-convertible, fully paid-up, taxable, redeemable Basel III compliant tier-2 Bonds (in nature of debentures) at a face value of Rs 1 crore each and were raised

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Fintech Funding Startups Technology

Cloudbankin’s $400K Funding Marks a Turning Point in the Fintech SaaS Industry

An end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, announced today that it has successfully raised USD 400K from Angel investors, Upekkha, a fintech SaaS accelerator and fund, and Kube VC. One of the leading Global Technology companies extended their support and participated in the funding round with prominent Fintech angel investors such

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Banking & Insurance Digital Money Economic & Finance Fintech Funding New startups

BharatPe Takes Bold Step Forward in Financial Services with 51% Stake in Trillion Loans

In April, BharatPe Group acquired a majority stake in Mumbai-based NBFC Trillion Loans. Consumers can also borrow from Trillion Loans for auto, gold, and education loans. The NBFC offers secured and unsecured loans to SMEs. The acquisition of Trillion Loans is aligned with the BharatPe Group’s larger purpose and will enable us to facilitate access

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Business Funding Startups

Is Indian Startup Ecosystem in Trouble? Funding Slumps 75% YoY to $2.8 billion

In terms of funding from investors, the Indian startup industry has been hit by macroeconomic challenges. According to Tracxn Geo Quarterly Report: India Tech – Q1 2023, Indian startup raised $2.8 billion in Q1 2023, a 75% decrease from the same period a year earlier ($11.9 billion). As a result of rising inflation and interest

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Business Energy & Environment Funding Investing Startups Technology

Metastable Materials secures seed funding from Sequoia India’s Surge

A startup that recycles lithium-ion batteries with advanced technology has secured seed funding led by Surge, Sequoia Capital India, and Southeast Asia’s rapid scale-up programme. Speciale Invest, Theia Ventures, and several other individual investors also participated in the funding round. The amount raised was not disclosed. The demand for lithium-ion batteries is increasing rapidly, resulting

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