Article on May 07, 2021
Tiger Global To Raise $10 Billion For New Growth Equity Fund
This new round of funding will be fifteenth in number. During this year, the firm has already participated in 100 investment rounds leading to $22.2 billion in funding for private tech firms.
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Supreme Incubator Launches Third Cohort Of Its HyperPersonalized Programme For Early-Stage Startups In India
The shortlisted startups are building exciting products like an AI-enabled remote cardiac monitoring solution, AR/VR-based education toolkits for schools, an online talent-building platform for artists, a social enterprise distributing audiobooks for education in remote parts of the country, and more.
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Zomato Set To Invest $100 Million In E-grocery Platform Grofers
Zomato’s investment is likely part of a larger financing round and can push up the valuation of the Gurugram-based e-grocery platform to around $1 billion. This time around the talks were centered around capital infusion, very much unlike 2020 when Zomato was looking to acquire Grofers entirely in an all-stock deal. This acquisition would have been in line with Zomato’s food business.
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#DISRUPTEXCLUSIVE: Omnichannel Operations And The Future Of Retail
Our omnichannel platform enables integrated stock visibility for physical stores, online websites, and marketplaces, helping brands manage orders, inventory as well as logistics on a single platform. Moreover, we have made a huge impact with our tech-forward solutions and currently have 600+ brands and 10K+ stores across the country working with us.
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Sebi Notifies Relaxed Rules For Listing Start-Ups
The regulator has reduced the period of holding of 25 per cent of pre-issue capital of the issuer company by eligible investors to one year from the current requirement of two years.
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#DISRUPTEXCLUSIVE: Are Micro-VCs the Way Forward For Start-ups?
The number of Micro VCs has been increasing due to their potential of addressing a funding gap and booming Indian Start-up ecosystem. Micro VCs typically invest in the sunrise sectors, ~60% of micro VC investment in 2020 were in SaaS/AI sector, consumer apps and platforms, e-commerce, and listing platforms.
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Aditya Sesh Backed AIF Basiz Fund Services Receives IFSCA Nod To Open Branch In GIFT City
The authorization permits providing services relating to the preparation, compilation, and review of financial statements, book-keeping, and accounting services, and compliance & secretarial services, among other things.
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Nuvoco Vistas Backed By Nirma Group Files For INR 5,000-crore IPO
The IPO includes an offer for sale of INR 3500 crore by the promoters, and a fresh issue of INR 1,400-1,500 crore worth of shares. Axis Capital, ICICI Securities, HSBC Securities, SBI Capital Markets, and JP Morgan are the investment bankers for this issue.
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Fincare SFB To File IPO Papers This Week
The issue is expected to be in the range of INR 1,200-Rs 1,400. Fincare SFB is the latest small finance bank (SFB) to announce plans to go for an initial public offering. It is backed by investors like TA Associates, True North, SIDBI, and Tata Opportunities Fund.
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Fintech Start-up NIRA Partners With Muthoot Finance To Provide Personal Loans
Through this partnership, salaried clients can avail personal loan of a maximum of INR1 lakh from Muthoot by downloading the NIRA app available at the Google play store.
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