The second hedge fund launched by Mumbai based private equity firm, Avendus Capital titled Avendus Enhanced Return Fund (AERF) has crossed Rs. 1000 crore in assets under management within last four months of its launch as reported by the financial service group on Tuesday. AERF is an alternative investment fund that belongs to close-ended category […]
EV Pickup truck maker Rivian raises $2.5 billion in funding from T Rowe Price.
Bounce raises $72 million Series C funding.
Funding is a very important part of a business and when an entrepreneur starts a business, the major source of expenditure for him is the funding he receives. This week, we saw the food delivery giant raising a huge amount of funds. So, let’s dig into the details and have a look on the top […]
Indiabulls Ventures Ltd, a financial services company has secured an amount of Rs 1,539.20 crore ($210 million) in a funding round. The particular round was led by four foreign institutional investors, including a private equity firm. The basic purpose of the funding round is to infuse long-term capital into two of its subsidiaries. Indiabulls Ventures will […]
This week witnessed various funding rounds from a lot of well-known companies and also from well-known backers. Companies like Oyo, Shohoz etc raised funds for different purposes and secured valuable amount of funds. The largest amount of funds were raised by Indian ride-hailing firm Oyo after which the company’s valuation has reached around $5 billion […]
In an attempt to facilitate access of overseas fund without any hassel, Reserve Bank of India (RBI) liberalized External Commercial Borrowings Policy by adding more sectors in the window. In a late night notification that released yesterday. It has been decided to increase the ECB Liability to Equity Ratio for ECB raised from direct foreign […]
Delhi based Apartment and Hostel listing platform Zocalo has secured ₹1.4 Cr funding from Xander Group. Xander group is a global real estate & investment firm. Founded in 2014 by Uday Lakkar, an IIM-Ahmedabad alumnus, and a former McKinsey executive, Zocalo is a broker-free platform that offers paying guest, hostel, shared and rental apartment accommodation listings. […]
Mumbai based real estate intelligence provider Propstack Services Pvt Ltd has received funding in a latest round from high profile private equity and hedge fund professionals. The investments are reportedly made in a personal capacity, however, the amount of funding was not disclosed. The funding will be utilized to accelerate the adoption and development of […]
Public Pension Capital (PPC) and FiveW Capital today announced they, together with Viteos management, have acquired Viteos Fund Services, a leading provider of middle- and back-office technology and services for the investment management industry. The transaction brings together a group of financial and strategic investors experienced in building and growing technology and service providers. The […]
Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million. The Shanghai-founded startup said last month it raised $215 million from a range of investors […]
New Delhi: Online wedding platform Shaadisaga had raised an undisclosed amount of pre-series A funding from Anupam Mittal, founder of matrimonial website Shaadi.com, Freecharge founders Kunal Shah and Sandeep Tandon, and Dheeraj Jain, partner at UK-based hedge fund Redcliffe Capital. ah!Ventures and Rohit Chokhani of White Unicorn Ventures were among the other investors who participated […]