Friday, June 21

Tag: Venture capital

Arkam Ventures- Indian Founders led Investment fund raises $42 Million
BUSINESS

Arkam Ventures- Indian Founders led Investment fund raises $42 Million

New Delhi, 9th June, 2020: Arkam Ventures, a VC fund led by Indian entrepreneurs raises around $42 Million (325 crores) in its first funding round. Arkam Ventures previously known as Unitary Helion looking to support founders with bold and unconstrained ideas that reshape the largest markets in India and positively impact the lives of hundreds of millions of Indians.   "We announced our first close with INR 325 CR in committed capital en route to our target of INR 700 CR for the fund. We have already made two investments with three more to be announced shortly", the company said in a blog post. Indian entrepreneurs like Vijay Shekhar, Binny Bansal, Sanjeev Bhikchandani, Rajesh Magow, Mekin Maheshwari and Kumar Sudarshan, among many others, are supporting this fund. The Arkam ...
Masayoshi Son, Tech Visionary or Robber Baron?
Story

Masayoshi Son, Tech Visionary or Robber Baron?

This is the year that brought a $100 billion venture capitalist to his knees. In January, SoftBank Group Corp.’s Masayoshi Son was riding high, writing billion dollar checks to unicorns from office sharing startup WeWork to autonomous-delivery vehicle designer Nuro. But as 2019 winds down, the Japanese dealmaker is straining to finance a $9.5 billion bailout package for Adam Neumann’s troubled startup, whose valuation has evaporated from $47 billion to $8 billion or even zero, depending whom you ask.  SoftBank’s bad year goes well beyond WeWork Investors are starting to get the feeling that whatever Son brings to the public is troubled. And you don’t need to look far for proof, Shares of Uber Technologies Inc. and Slack Technologies Inc., both backed by the Vision Fund, tumbled...
Accel India Raises $550 Million Fund
BUSINESS

Accel India Raises $550 Million Fund

Founded in Silicon Valley 35 years ago, VC firm Accel Indian subsidiary Accel India raises its sixth $550 fund. This is the largest fund amount Accel India has raised so far. "Accel India raises its first fund in 2005, the world was a very different place. Just one in 50 Indians had access to the internet and mobile phone ownership was nascent,” the company said in a press statement. India now has 600 million internet users and the country is also the home of more than 10,000 startups. Over the last 15 years, Accel has invested in more than 100 of these startups. “When we partnered with Freshworks in 2011, software-as-a-service as a category from India was almost non-existent. Our first cheque was $1 million when the company had six employees. Today, it has more than 2,500 emplo...
Microsoft Co-founder Led Vulcan Capital Opened its First International Office in Singapore
News

Microsoft Co-founder Led Vulcan Capital Opened its First International Office in Singapore

Vulcan Capital, the multi-billion-dollar investment arm of the late Microsoft co-founder and philanthropist Paul G. Allen, opened its first international office in Singapore. In the initial phase, Vulcan Capital will deploy US $100 million into venture opportunities across Southeast Asia, making it one of the largest early stage platforms of its kind to be established in the region. Formed in 2003, Vulcan Capital takes an entrepreneur-friendly approach and invests in both private and public companies with a long-term investment horizon. The company, now including its Singapore office, is unique in that investment returns generated by Vulcan Capital will go towards funding the development of globally focused philanthropic initiatives, delivered through Vulcan and its many partners. T...
CerraCap Ventures secures Strategic investment from IIFL Wealth
FUNDING

CerraCap Ventures secures Strategic investment from IIFL Wealth

CerraCap Ventures, a leading early-stage technology venture capital firm, announced a strategic investment of an undisclosed amount from a unit of IIFL Wealth Management Limited (IIFL Wealth), in CerraCap Ventures Fund II. Headquartered in Orange County, CA, CerraCap Ventures focuses on areas of Cyber Security, AI and Digital Health. Leveraging a unique "Sales and Scale" business model, CerraCap goes beyond providing just capital to early stage companies. They help startups sell into large enterprises through an ecosystem of decision makers and an influential advisory board consisting of global leaders. IIFL Wealth is one of the leading private wealth management firms in India with an AUM of around USD 24 billion. General Atlantic, a leading global growth equity firm, is among the l...
2018 Venture Capital Story of India
ANALYSIS

2018 Venture Capital Story of India

India, once most loved nation by Venture Capitalist around 2014 is now slowly shifting their interest from Indian startups. The recent data shows that the Venture capital investments in the country declined marginally to USD 26.3 billion in 2018, even though there was a surge in number of deals. Investments by venture capital and private equity funds in the country declined in 2018 from USD 26.8 billion in the previous year, the report by consultancy firm Bain & Company said. However, the number of transactions surged to 793 in 2018 as compared to 700 in the year-ago period, it said. The 'dry-powder' (liquidity) available with investors focused on the country has declined to USD 11.1 billion at the end of 2018 from USD 11.7 billion in the year-ago period, but it is "more ...
Saurav Banerjee and Devneet Bajaj Joining as a Venture Partners in Kalaari Capital
News

Saurav Banerjee and Devneet Bajaj Joining as a Venture Partners in Kalaari Capital

India based business investment firm Kalaari Capital today announced that Saurav Banerjee and Devneet Bajaj have joined the firm as Venture Partners. Saurav, a Chartered Accountant, and Harvard Business School alumnus, was previously the Co-CEO of NDTV and brings with him two decades of experience in the media industry. Dev Bajaj, in his previous role, was the founder of M.I.T.R.A., one of India's largest Agri-tech startup's building smart machines for horticulture, which was strategically backed by Mahindra & Mahindra. He is a former private equity executive and an INSEAD alumni. In November last year, Sreedhar Prasad, a former KPMG executive, joined the firm as a venture partner. Vani Kola, Managing Director, Kalaari Capital, described the appointments as strategic additi...
Blockchain Capital Raises $150 Million Funding
FUNDING

Blockchain Capital Raises $150 Million Funding

San Francisco-based venture capital firm Blockchain Capital closed a $150 million fund today. As per the press release, the company that focuses investments in blockchain and cryptocurrency have total assets to $250 million under management. Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised and deployed three prior venture funds, including the first-ever ICO of a venture fund (BCAP) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens. Among its 72 past investments are digital currency trading platforms Coinbase as well as a lead investment in Coinsetter whi...
Fresh Meat Delivery Zappfresh Raises Rs 20 Crore Funding
FUNDING

Fresh Meat Delivery Zappfresh Raises Rs 20 Crore Funding

Zappfresh, a high-quality meat delivery brand run by DSM Fresh Food Pvt. Ltd in Gurugram has obtained a funding of Rs 20 crore in pre-Series A funding from Amit Burman, Vice Chairman of Dabur India and SIDBI Venture Capital. The funds have been raised to help the company drive its business strategy effectively and expand their supply chain and geographical reach. Since the beginning of their operations in 2015, the company was able to successfully break even from the first eight months after receiving a modest angel funding from strategic investors who mentored and guided the company to grow exponentially over the next three years. From their brand new factory, the company is able to provide their service to the entire Delhi NCR region. The aim of Zappfresh is to modernize the ...
Silicon Valley based Bessemer Venture plans to invest upto $50 Million in India in 2018
FUNDING

Silicon Valley based Bessemer Venture plans to invest upto $50 Million in India in 2018

The Silicon Valley based Bessemer Venture Partners who already invests in some of the companies in India, is planning to invest another $40 to $50 million in the country this year. The company that is best known for its investment in companies such as professional social network LinkedIn and restaurant directory player Yelp, is looking for opportunities in the growing healthcare and financial technology. "We are more selective than spray and pray. Investing pace in India is business as usual. In the last 18 months we have backed five new companies." says Vishal Gupta who manages the firm's operation in India. Silicon Valley has previously invested $700 million in 47 portfolio companies over the last decade in India. The venture capital firm is all prepped up energy with Anant V...
Fintech Firm IndianMoney.com Raises $3 M From SRI Capital, Others
FUNDING

Fintech Firm IndianMoney.com Raises $3 M From SRI Capital, Others

IndianMoney.com has raised $3 Million from SRI Capital, a US-based early stage venture capital fund. Existing investors Hyderabad Angels and others also participated in this round. IndianMoney.com has been a pioneer in serving hundreds of thousands of middle income people who are deprived of unbiased financial information and education. The company will use this new investment to augment its capacity to educate about 100,000 people every day. Currently the company educates about 18,000 people every day. In the next 2-3 years, the company will ensure that its consumers get education, transactional guidance, ability to transact and custodian services in one place. The company plans to accomplish all these without watering down its core competency of being an unbiased support to the ...
San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund
FUNDING, USA

San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund

San Francisco based Slack Technologies Inc. raises $250 million funding round led by SoftBank Group Corp.’s Vision Fund, valuing the startup at $5.1 billion. According to the reports, Slack will be utilising the funds for expansion in an increasingly competitive market for workplace messaging services. The Vision Fund was joined by Accel and other investors, Slack said on Sunday. Slack, which originally pitched as a dead-simple collaboration tool, is now looking to become more of a go-to for larger businesses as it faces a very competitive field with products from Microsoft and Atlassian. Slack earlier in this month reported that it has more than 6 million daily active users and has crossed around $200 million in annual recurring. ALSO READ   SoftBank Founder Masayoshi S...