Wednesday, November 6

Tag: Alternate Investment Funds

Icertis receives $96 million in latest funding by Meritech Capital Partners And More
FUNDING

Icertis receives $96 million in latest funding by Meritech Capital Partners And More

Icertis, a contract management company offering management software services to enterprise platforms, has secured $50 million in its series D funding. The finance is done by Meritech Capital Partners along with supplementary investments by two of the known tech-Investment companies in the world, PSP Growth and Cross Creek Advisers. Apart from these, the current investors which included B Capital, Ignition, Greycroft, and Eight Roads engaged in the round totalling the funding to $96 million. This funding was followed by Series C funding in last year march, where the total funding was estimated to be $46 million led by B Capital Group and previous investors namely Ignition Partners, Greycroft in partnership with e.ventures and Eight Roads Ventures. Following such capitalisation, it str...
Govt Alters its Policy for Startup Funds
BUSINESS

Govt Alters its Policy for Startup Funds

The government finally decided on Wednesday to alter its Fund of Funds (FFS) for startups to ensure better utilization of the provided resources. An initial corpus of Rs 1,000 crore was set up, but the tough rules had made their disbursal difficult. Realizing the difficult situations it created for startups, it is now decided to allow Alternate Investment Funds (AIFs) supported by FFS to invest at least twice the amount of contribution received from FFS in qualified startups. (more…)