impact investment firm Asha Ventures has raised $50 million; to mark the first close of its debut fund – Asha Ventures Fund I.
Category: Market Watch
Omidyar Network shuts down operations in India
Omidyar Network India, a leading impact investment firm, has announced that it is shutting down operations in the nation.
BNPL fintech startup ZestMoney shuts down
ZestMoney, a BNPL fintech startup announced on December 5 that it will shut down operations and let go of its remaining 150 employees.
Indian Angel Network’s Alpha Fund announces first close at ₹355 crore
Indian Angel Network’s (IAN) Alpha Fund has announced its first close at Rs 355 crore. The fund has total corpus of Rs 1,000 crore.
Prosus cuts Byju’s valuation to under $3 billion
Prosus has marked down the value of its stake in Byju’s. This has resulted in the company’s valuation going under $3 billion.
From OpenAI to Microsoft and back again: The Chaotic Tale of Sam Altman and Open AI
On Friday, OpenAI’s board of directors announced the removal of Sam Altman as CEO. This decision culminated to a series of event that led Altman to Microsoft.
Consumer Tech Brand ACwO and India’s Football Team Captain Sunil Chhetri Join Forces, to launch 11 new products
Made in India digital brand, ACwO, launchs a collaboration with Sunil Chhetri to launch new line of products.
Garuda Ventures announces $31 million institutional fund
Supporting software comapanies at pre-seed and seed stage, Garuda Ventures announces its $31 million debut institutional fund.
Peak XV Surge launches ninth cohort with 13 startups
Surge, the rapid scale-up programme of Peak XV Partners, has launched its ninth cohort, comprising 32 founders across 13 startups.
Japan’s WHILL Ventures into India with eBikeGo: To launch 2 new products in the market
Japan’s WHILL Ventures into India with eBikeGo: A Partnership Poised to Transform India’s Personal Mobility Landscape
Raptee, an EV startup manufacturing premium motorcycles, appoints, C Suresh, as Head of Operations
Raptee, announces the appointment of former Ather and Ola Electric Veteran, C Suresh, as Head of Operations. He will head manufacturing, quality, sourcing & supply chain.
Early and growth stage VC, Jungle Ventures, reveals its new programme, First Cheque@Jungle
Early-stage VC firm Jungle Ventures announces the launch of its new programme FirstCheque@Jungle to back early-stage startups.
Fast-fashion brand Virgio pivots towards sustainable clothing
On Monday, founder Amar Nagaram announced that his brand Virgio was revamping its offerings and moving towards sustainable clothing.