Page 2 - Funds

NAREDCO sets up finance committee to help builders in getting funds

The NFC will also support large-scale projects to access funds via financial institutions and educate members to enhance their credit ratings.

Avataar Venture Partners launches new fund, with a target size of $350 mn

Avataar Venture Partners said the launch of the new fund highlights the huge market opportunity in business-to-business (B2B) tech and SaaS sectors which have been resilient through the funding winter

IMF should issue new reserves to help countries tackle crises: Civil groups

The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping crises, 140 civil society groups said in a letter

True North acquires minority stake via own fund in Accion Group for $93 mn

Accion Labs is focused on digital transformation in global enterprises and tech firms. It has more than 4,800 employees globally, spread over 20 locations

SmallCap World Fund buys nearly 550k Mastek shares worth over Rs 96 cr

Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at an average price of Rs 1,759.97 apiece, taking the transaction value to Rs 96.74 crore. Meanwhile, Hornbill Orchid India Fund sold 4,29,086 shares of Mastek. Shares of Mastek closed 1.52 per cent lower at Rs 1,731.15 on the BSE. In a separate transaction, Elevation Capital V FII offloaded shares of KDDL Ltd for over Rs 30 crore through the open market transaction. Elevation Capital V FII Holdings Ltd sold 3,60,000 shares, amounting to a 2.82 per cent stake in the company, as per data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 850 per scrip, taking the transaction value to Rs 30.60 crore. Capital One

Kuku FM raises $21.8 mn series B1 funding from Fundamentum Partnership

Funds will be used to expand Kuku FM's catalogue, strengthen its content creation ecosystem and offer more language choices to listeners, focusing on the 'Bharat' audience

Sebi working on new ASBA-like payment system for secondary trades: Buch

Sebi's planned move could upend Rs 30,000-crore broking industry

Losing steam: Average NFO collection slumps in FY23, shows data

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Stay invested in US funds even if returns aren't attractive currently

It helps to diversify geographically; while YTD returns of Indian markets are positive and US markets negative, the opposite will also happen at some other time

SoftBank's Masayoshi Son discusses setting up third Vision Fund: Report

The 65-year-old entrepreneur has raised billions of dollars in cash recently and sees another startup fund as one of several possible priorities for the money

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

Inox Wind's Board approves fund raising of upto Rs. 800 Crores

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Bed Bath & Beyond rally fizzles out as billionaire plans to dump stake

Billionaire investor Ryan Cohen's investment vehicle RC Ventures intends to sell 9.45 million shares, a filing late on Wednesday showed

Weave Capital launches $75 mn venture fund; aims first close at $20 mn

The fund is the venture arm of SPVH group, a global investment and holding company having different verticals and business interests

Zomato's weightage in FTSE indices to rise to 24.9% from August 11

Shares of Zomato gained 2 per cent to close at Rs 55.6

Engineering company Fabrication Bazar raises Rs 7 cr in seed round

Fabrication Bazar, which was founded in 2016 by Dwaipayan Dutta and Mohit Garg, has developed a cloud fabrication and tracking platform for manufacturing

Target maturity funds are better than FMPs for locking in returns

They are more transparent and control both interest-rate and credit risk

PhonePe reaches settlement with Affle Global to acquire Indus OS

The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.

PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals

Match limited exposure with long investment horizon for small-caps' safety

Hold only a couple of funds and diversify across growth and value style