Fund News
Sidbi looking to launch a venture debt scheme
Small Industries Development Bank of India (Sidbi) is looking at launching a venture debt scheme. The development finance institution is also ready to partner with other players for the scheme.
Private Equity
Fund News
Japan's MUFG Bank launches $300-M India-specific fund
Japan-based Mitsubishi UFJ Financial Group's banking subsidiary MUFG Bank is to invest USD 300 million in Indian startups through its fund named 'Ganesha'. The fund backs startups with an average ticket size of USD…
Other Private Equity/Strategic Investments
Airtel acquires 9% stake in renewable energy co Avaada Clean for Rs.7.9 Cr
Bharti Airtel has acquired around a 9% stake in renewable energy firm Avaada Clean TN Project for about INR 7.88 crore in an all-cash deal. The company has paid INR 7,88,51,500 for the acquisition of 78,85,150 equity…
Other Private Equity/Strategic Investments
Payments tech player Credopay raises $5-M from Ezswype, Zent
Chennai-based payments technology provider Credopay has raised USD 5 million (about INR 38 crore) from Ezswype LLC and Zent International. The newly raised funds will be deployed for product development, client…
Angel Investments
Physics Motors raises funding from US-based serial entrepreneur Dr. Kiran Patel
Physics Motors Technology Pvt Ltd, a Hubballi, Karnataka-based electric vehicle (EV) drive train technology manufacturing company, has raised pre-Series A funding from Indian-American cardiologist and serial…
Angel Investments
Nutraceutical supply chain platform Nutrify Today raises $500-K
Nutrify Today, a Bengaluru-based digital supply chain platform for the nutraceutical industry has raised half a million dollars from US-based entrepreneur and research scientist Dr. Anand Swaroop. The proceeds of the…
VC Fund Investments
Edtech co Mentor Match raises $1-M from Sapient Fund
Chennai-based edtech startup Mentor Match has raised USD 1 million in a pre-seed round of funding from US-based venture fund Sapient Fund. The funds are expected to help the company build a founding team across…
VC Fund Investments
Web3 platform Metasky raises Rs.13.7 Cr from Sequoia Capital, Woodstock Fund
Bengaluru-based Web3 community startup Metasky has raised INR 13.7 crore via a pre-seed token sale round led by Sequoia Capital India and Woodstock Fund. Metasky positions itself as a bridge to Web3 – working with…
PE Fund Investments
Podcast platform Kuku FM raises $19.5 M led by South Korea's Krafton
Mumbai-based audio content platform Kuku FM has raised USD 19.5 million in its Series B round led by South Korean gaming giant Krafton Inc. The round also saw participation from its existing investors including 3one4…
PE Fund Investments
Game streaming platform Loco raises $42-M from South Korea's Hashed, Catamaran, others
Mumbai-headquartered game streaming platform Loco has raised USD 42 million led by South Korean early-stage venture fund, Hashed. The Series A investment round saw participation from new investors such as Makers Fund…