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Venture Capital Firm Next Orbit Ventures Received Commitment of $750 Million From UAE Investors

19Oct By NitishNo Comments

FUNDING

Venture Capital Firm Next Orbit Ventures Received Commitment of $750 Million From UAE Investors

Venture capital firm Next Orbit Ventures (NOV) has received commitment from UAE-based investors, including DP World, Emmar and Etisalat, for its over USD 750 million or Rs 5,000 crore fund. The company plans to invest the proceeds of the over Rs 5,000 crore (USD 750 million) fund in digital, analog and solar fabrication (fabs) projects along with semiconductor design, electronics, led and solar products to feed those fabs, a statement said today. "The investors from UAE International Investors Council which includes 18 UAE entities like Mubadala, DP World, Etisalat, Emmar, among others have shown keen interest in investing in this fund and the project," company's founder and Managing Partner Ajay Jalan said. Nearly 49 per cent of the commitment towards the fund is expected from the C...

29Aug By AnkitaNo Comments

FUNDING

Livspace Raises Rs 100 Cr Series B Funding From Existing Investors

Online home design company Livspace today said it has raised Rs 100 crore from existing investors in a second strategic round (Series B) of funding. The round was led by Bessemer Ventures Partners and saw participation from Jungle Ventures and Helion, Livspace said in a statement here. The funds will be used to launch services across cities -- Noida, Gurgaon, Mumbai in 2016 and Pune, Hyderabad in the first half of 2017, it added. This round of funding comes close on the heels of the company's launch of its Home Design Automation Platform. "With this round of funding we will aim to reach revenue of USD 100 million by the end of 2017 and achieve operational profitability across cities," Anuj Srivastava, CEO and Co-founder of Livspace, said. Founded by Srivastava and Ramakant Sharm...

24Aug By AnkitaNo Comments

News

Godaddy Launched App For Real Time Domain Bidding

USA based GoDaddy Inc , which operates the worlds largest domain name aftermarket, today announced the launch of its first mobile app for domain investors in India. The GoDaddy Investor app, launching on iOS and Android, will allow investors to watch and bid on domains at auction and stay on top of their current bids all from their mobile device. After market domain auctions are time-sensitive and highly competitive, and its critical that investors are able to easily participate at any time and from anywhere, not just from their computers. GoDaddy Investor app offers several additional features not previously available. After downloading the app, domain investors are able to monitor a watch list of active expiry domain auctions in real time, as well as view their bidding history. Inves...

Sebi Proposes Relaxed Norms For Start-up Listing

30Jul By Press Trust of IndiaNo Comments

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Sebi Proposes Relaxed Norms For Start-up Listing

To encourage listing of start-ups, Sebi today proposed an easier framework that allows more investor categories, relaxed shareholding norms and reduced trading lot amount. In this regard, the markets regulator has mooted changes to the framework of Institutional Trading Platform (ITP), which has not seen much traction even though it was put in place in August 2015. The rules were brought in to encourage Indian start-ups and entrepreneurs to remain within the country rather than go overseas for raising funds. Seeking to widen the eligibility ambit for getting listed on ITP, Sebi has proposed increasing the category of eligible investors when it comes to shareholding before the listing. Besides QIBs (qualified institutional buyers), family trusts or systematically important NBFCs...

Day Before IPO Advanced Enzyme Tech Raises Rs 123 crore

20Jul By NitishNo Comments

FUNDING

Day Before IPO Advanced Enzyme Tech Raises Rs 123 crore

Ahead of its initial public offer tomorrow, Advanced Enzyme Technologies today mopped up nearly Rs 123 crore from as many as 15 anchor investors. Little over 13.71 lakh shares were allotted to the anchor investors at Rs 896 apiece, the upper end of the price band for the Rs 411 crore IPO. DB International (Asia) Ltd, Kuwait Investment Authority Fund, DSP Blackrock Equity Fund, SBI Life Insurance Company Ltd, L&T Mutual Fund Trustee Ltd and Kuwait Investment Authority Fund, DSP Blackrock Equity Fund, SBI Life Insurance Company Ltd, L&T Mutual Fund Trustee Ltd are among the anchor investors. Advanced Enzyme Technologies is the largest domestic enzyme company, engaged in research, development, manufacture and marketing of over 400 proprietary products developed from 60 indigenous e...

Startup Cricket League- An IPL for Startups in India

18Jul By AdityaNo Comments

News

Startup Cricket League- An IPL for Startups in India

Startup Cricket League, SCL is India's first sporting event which is tailor made for startups to celebrate entrepreneurship and sportsmanship by taking a day off from their everyday problem solving trivium. Everyone loves a good game of cricket. We being Indians are exceptionally crazy about the sport. This craziness when combined with the frenzy and energy of the startup ecosystem gave birth to Startup Cricket League, IPL for Startups in India. The journey of a startup is all about the opportunities. SCL is a platform for Startups to pitch their ideas to the investors and mentors. It is also an expo for Startups to showcase their products to the hot shots of Startup Community and a bigger outreach for your product which it deserves. However, the most interesting highlight of the ev...

Softbank Chairman Nikesh Arora Quits , #Nexit Trends on Twitter

21Jun By NitishNo Comments

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Softbank Chairman Nikesh Arora Quits , #Nexit Trends on Twitter

In line with trending terms like "Brexit" and "Rexit", now Twitterati have coined a new expression "Nexit" after India-born Nikesh Arora announced his surprise resignation as President and COO at SoftBank. For the past several days, two words Brexit and Rexit have been trending. Brexit in short stands for Britains possible exit from the European Union, while Rexit word came up after RBI Governor Raghuram Rajan decided against seeking a second term. On Twitter, Aroras surprise exit was being referred as #Nexit, in line with the trending terms -- #Rexit (Rajan deciding not to take a second term) and #Brexit (Britains possible exit from the EU). India-born Nikesh Arora, President and COO at Japanese conglomerate SoftBank, today said he is stepping down from his role as Masayoshi ...

21Jun By PriyankaNo Comments

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Facebook Investors Announced New Share Class To Remove Zuckerberg’s Control over Facebook

<span class="articleLocation" style="transform: translate3d(0px, 0px, 0px);">Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he founded. The company's plan to issue two "Class C" shares for each Class A and Class B share held by shareholders, in what is effectively a 3-for-1 stock split, was approved by Facebook shareholders at the company's annual general meeting on Monday. The Class C shares will be publicly traded under a new symbol. Zuckerberg said in December that he intended to put 99 percent of his Facebook shares into a new philanthropy project focusing on human potential and equality. ...

13Jun By reutersNo Comments

FUNDING

Online Lender Marketlend Raises $1 Million in Funding

Australian online lender Marketlend on Monday said it has closed on a $1 million investment lead by fin-tech entrepreneur Jon Barlow and former KKR dealmaker Mati Szeszkowski. Marketlend, which helps connect businesses that are looking for funding with investors, will use the new money to further automate its technology systems and originate more loans, the company's founder Leo Tyndall said in an interview. Marketlend's fundraising marks the latest sign of continued investor interest in online lending globally, despite a slowdown in loan originations and increased regulatory scrutiny in the United States. Marketlend's platform allows businesses to borrow money against unpaid invoices, helping to relieve a cash flow shortage. If a company is waiting for a customer to pay them, it can se...

18May By PriyankaNo Comments

FUNDING

Bengaluru Based Bhive Co-working Space Raises $1million Funding

BHIVE Workspace, one of the well known brands in Bangalore’s startup ecosystem, has raised about $1 million in funding led by Blume Ventures. BHIVE Workspace is the largest co-working space in Bangalore catering to over 150+ ventures. With this $1 million funding, BHIVE plans to expand strongly in Bangalore while also establishing a presence in the top 6 cities of India. The funds will also be used to attract top talent, build technology that will further enhance customer experience and in turn position BHIVE as an undoubted leader in the office space market. Prior to this, BHIVE had attracted investments, from the likes of Raghunandan G (Founder, TaxiForSure), Rajesh Rai (Venture Capitalist and co-Founder, Venturesity), Arihant Patni (Managing Director, Hive Technologies), Sanjay M...

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

1May By AdityaNo Comments

News

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

IANS- The excessive delay in Reliance Jio's commercial launch is frustrating investors, a Citi Group report said. "The ensuing delay could be testing investors' patience. It raises concerns of Jio further eroding its first mover advantage. The capital expenditure targets also continue to go up," the report said. The delay is expected to be on the account of the company's chase for "perfection", it said. "RIL (Reliance Industries Ltd) is leaving no stone unturned in ensuring Jio does not over-promise and under-deliver. The company now plans to fully integrate Reliance Communication's 800 MHz spectrum before the Jio launch (making it the only player with sub-1GHz pan-India LTE spectrum," the report said. "It (RIL) also plans to increase the coverage to 90 per cent (from 70 per ce...

Googlers and Bankers Invest in Social Network for Investors – Talkoot

2Dec By No Comments

News

Googlers and Bankers Invest in Social Network for Investors – Talkoot

Talkoot is a real-time social platform for investors and traders. The venture aims to make financial markets fun, open and accessible to everyone in the country. Talkoot creates a personalized financial feed for each user based on the stocks and people they follow. Talkoot algorithms constantly measure performance of each idea shared on the platform and push out ideas that have high winning potential to the relevant users. Users can discuss and debate individual ideas' merit collectively and make better and informed investment decisions. All this is done through a transparent, collaborative and easy-to-use app that takes the sting out of investing. "Indian stock market has returned more than 13% annually during the 21st century. Despite this, most Indians do not invest because investing...