Fundings

Why India's education technology start-ups are in the deep freeze

They will continue to tread on thin ice amid a long funding winter unless they fundamentally revise their business models

A year of reality checks for start-up valuations amid fall in funding

With a dramatic fall in venture capital and private equity funding, Indian start-ups are pulling up their socks, cutting losses, and trying to turn profitable

India's start-up story remains robust

The ecosystem would experience rationalisation of valuations in the current period, with funding expected to gradually increase from Q3 2023-24

Parl Committee urges for adequate funding for India's G20 presidency

The Committee has noted that G20 Presidency is India's most high-profile international endeavour ever. It is also a unique opportunity to present a face of leadership, diversity, success to the world

China Evergrande's EV unit likely to shut down without new funding

The company said it is seeking to cut costs by reducing staff numbers and improving management efficiency. However, "in face of the inability to obtain additional liquidity

Karnataka minister rolls out 3 strategic initiatives to promote start-ups

Karnataka Higher Education and IT/BT Minister Dr CN Ashwath Narayan on Saturday rolled out three strategic initiatives aimed at promoting start-ups and innovation ecosystem in Beyond Bengaluru clusters.The three programmes launched were Mysuru Cluster Seed Fund (MCSF), Mysuru Global Technology Centre (MGTC) and Karnataka Accelerator Network (KAN).It may be noted here that Chief Minister Basavaraj Bommai while presenting the budget 2023-24 had announced these programmes to boost the IT & startup ecosystem in the state. Put together, it is estimated that MCSF and KAN will generate around Rs 200 crore and these programmes will be implemented through Karnataka Digital Economy Mission (KDEM)Mysuru Cluster with a Seed Fund of Rs 25 crores will be funding 70-80 startups which are expected to create over 1000 employment opportunities."Mysuru Global Technology Centre which will be set up in a space of 2 lakh sqft with 3000 seater capacity facilitates high-quality plug-and-play office ...

Suzuki Motorcycle ties up with Standard Chartered to give funds to dealers

Suzuki Motorcycle India on Wednesday said it has joined hands with Standard Chartered Bank to provide wholesale funding to its dealer partners for vehicles and spare parts. The initiative will support the company's dealer partners across the country and enable them to expand their businesses and operations, the two-wheeler maker said in a statement. "As a responsible company, we are committed to support our dealer partners so that they can meet their financial requirements. This programme is a testament to our commitment, and we look forward to a successful partnership with Standard Chartered Bank," Suzuki Motorcycle India Executive Vice President, Sales, Marketing and After Sales Devashish Handa noted. Standard Chartered Bank Regional Head Global Subsidiaries, India and South Asia, Corporate, Commercial and Institutional Banking Chandandeep Kaur said the bank is committed to support businesses in India by providing them with the necessary financial tools and developing customised .

Deals plunge by 60% to $1.8 billion in February on deepening funding winter

The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to USD 1.8 billion in February, shows an analysis. According to Grant Thornton, the industry saw just 89 deals worth USD 1.8 billion in February, which is 60 per cent lower than the year ago period in value terms and down by 54 per cent year-on-year in volume as investors continued to tread cautiously amid macroeconomic uncertainties. This is the second-lowest deal volume and the lowest value since 2014. Of the total deals, M&As saw significant downtrend both in terms of volume which fell 48 per cent to 24 deals, and by 47 per cent in value clocking at USD 755 million compared to February 2022. The IPO segment was the worst with just one issue of USD 8 million, compared to three issues raising USD 1 billion a year ago. While M&As were dominated by cross-border deals, particularly outbound transactions on the back of one ...

Where will startups turn to now that the Silicon Valley Bank is gone?

Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared

Fintech outliers in the funding winter despite tough regulatory framework

According to Tracxn, which tracks start-up data, fund-raises by fintechs slowed in calendar 2022 to $5.65 billion, a drop of 47 per cent from the preceding year

Germany ramps up funding for UN women in 2023 for gender equality

Germany has pledged 26 million euros ($27.6 million) to UN Women in 2023, the country's Ministry for Economic Cooperation and Development (BMZ) said

Divgi TorqTransfer Systems sets IPO price band at Rs 560-590 per share

The IPO will open on Wednesday and conclude on Friday

Market regulator Sebi proposes to introduce 5 new categories in ESG funds

Capital markets regulator Sebi has proposed allowing mutual funds to introduce five new categories under ESG (environmental, social and governance) scheme. The five new categories should be exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives. Presently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes. Considering that AMCs may want to launch multiple diversified ESG schemes under the ESG category, Sebi has proposed that each asset management company should be permitted to launch one ESG scheme each under the five subcategories. ESG schemes under the proposed new category should be permitted with a minimum 80 per cent investment of total assets in equity or debt stocks of a particular theme as per the sub-categories. However, the residual portion of the investment should not be starkly in contrast to the philosophy of the scheme. "AMCs should endeavour to have a higher proportion of the

E-commerce firm FreshToHome bags $104 mn amid long funding dry spell

Launched in 2015, FreshToHome operates in over 160 cities in India and the UAE. It offers more than 2,000 certified fresh and chemical-free products

Intangles Lab raises $10 million in funds from Baring Private Equity

Predictive analytics solutions provider Intangles Lab on Tuesday said it has raised USD 10 million in funding from Baring Private Equity Partners India for expanding its global presence and accelerate hiring. In the coming years, Intangles is looking to vigorously revamp the electric vehicle segment using its extensive ambient cognitive AI technology, it said. Founded in 2016, Pune-based Intangles has developed substantial in-house IP by leveraging its proprietary Digital Twin and Machine Learning paradigms to provide predictive vehicle health monitoring solutions to original equipment makers and fleet operators. Intangles Lab Pvt Ltd has successfully raised USD 10-million in Series A funding from Baring Private Equity Partners India. The proceeds will be used to serve a robust new customer pipeline, expand its global presence and accelerate hiring to strengthen its product engineering, sales and delivery teams, it said. We are focused on growing our presence across the entire ...

A slow turn in EV sales as investor funding, state subsidies continue

Fewer than six out of every 100 vehicles sold in India are electric

Rehaul rules to improve financing Indian green projects: Fitch unit

In a report listing steps to revise the framework, the unit of Fitch Ratings said implementing public-sector credit guarantees would help lower financing costs

Bluelearn raises $3.5 mn in seed funding from Elevation Capital, Lightspeed

Titan Capital, 2am VC, a few angels also invested; Bluelearn, which began as telegram channel for students, has over 150,000 members from 5,500 colleges and startups across 20 countries

Start-up founders expect fundraising to be tougher in 2023: Report

Only 38% of them expect higher pace of hiring, mostly in early-stage companies

PE/VC investments dip 29% YoY to $54.2 bn in 2022 amid funding woes

Despite this decline, 2022 marks the second-best year for PE/VC investments in India to date; dip largely due to smaller deal sizes amid stable volumes