Page 5 - Fundings
Top AMCs see share of less-profitable passive schemes double in 3 years
Of every Rs 100 AUM of top 10 fund houses, ETFs and index funds accounted for Rs 14 in the first quarter of FY23
 "Top AMCs see share of less-profitable passive schemes double in 3 years")
BigBasket to raise $200 million at a valuation of $3.5 billion: Report
The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others
 "BigBasket to raise $200 million at a valuation of $3.5 billion: Report")
Crypto tax reporting app Binocs raises $4 mn in seed funding for expansion
Company enables crypto investors to manage accounting and compliance to local laws
 "Crypto tax reporting app Binocs raises $4 mn in seed funding for expansion")
KKR, Hero Group put $450 mn equity investment in Hero Future Energies
Hero Future Energies aims expansion in green hydrogen and battery storage
 "KKR, Hero Group put $450 mn equity investment in Hero Future Energies")
Insurtech start-up Zopper raises $75 million in series C funding
Currently, there are 57 insurance companies in India- 24 in the life insurance sector and the others in non-life insurance businesses
 "Insurtech start-up Zopper raises $75 million in series C funding")
DotPe raises $58 mn in series B, plans entry into financial services
The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell
 "DotPe raises $58 mn in series B, plans entry into financial services")
Top housing projects going nowhere; litigation, funding major issues
Nearly 500,000 homes, worth Rs 4.48 trillion, were stuck in seven metro markets in the country as things stood at the end of May, according to Anarock Property Consultants
 "Top housing projects going nowhere; litigation, funding major issues")
New Leaf raises Rs 6.15 cr pre-series A funding from Good Ventures
The firm claims to support around 15,000 farmers currently and aims to reach more than 2 lakh small and marginal farmers over the next 3 years
Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn
Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India
 "Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn")
How a startup in Pakistan folded just a year after raising $85 million
Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce
 "How a startup in Pakistan folded just a year after raising $85 million")
Peer Robotics raises $2.3 million in seed funding from Kalaari Capital
The company's robots learn from humans in real-time, allowing people on the shop floor to easily integrate and deploy solutions, stated Peer Robotics
 "Peer Robotics raises $2.3 million in seed funding from Kalaari Capital")
Time-starved investors must stick to index funds
While Amit had stayed invested for a long time, avoided leverage, and shunned investment-cum-insurance policies, unplanned investments and mindless diversification had produced a disappointing outcome
Time to forge new bonds: Is corporate bond market at an inflection point?
Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep
 "Time to forge new bonds: Is corporate bond market at an inflection point?")
Organic dairy firm Akshayakalpa raises $15 million to expand across India
Akshayakalpa plans to invest in Bengaluru, Chennai, and Hyderabad markets, and expand into new geographies of Pune, Mumbai and Kochi
 "Organic dairy firm Akshayakalpa raises $15 million to expand across India")
India edges out China in creating new unicorns in H1CY22: Hurun report
As many as 147 unicorns worldwide saw their valuations drop in the last six months
 "India edges out China in creating new unicorns in H1CY22: Hurun report")
SoftBank, others in talks to lead $75-million funding in GoMechanic
"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development
 "SoftBank, others in talks to lead $75-million funding in GoMechanic")
Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report
Edtech unicorn UpGrad and fintech start-up EarlySalary among companies to earn big-ticket investments: Tracxn
 "Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report")
Mutual funds: Limiting inflows enables fund manager to stick to quality
Massive inflows, especially in red hot markets, forces them to buy at high valuations, compromise on quality
 "Mutual funds: Limiting inflows enables fund manager to stick to quality")
HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group
HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care
 "HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group")
EPFO adds over a million new subscribers in June for 3rd month in a row
New EPF subscribers increased marginally to 10,54,261 in June from 10,07,441 in May 2022 and 10,09,689 in April, according to data published by the National Statistical Office
 "EPFO adds over a million new subscribers in June for 3rd month in a row")
