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Zerodha receives approval from SEBI to set up AMC; Vishal Jain appointed head-thumnail

Zerodha receives approval from SEBI to set up AMC; Vishal Jain appointed head

Zerodha under the leadership of CEO Nithin Kamath has received approval, from SEBI to establish an asset management company (AMC) in collaboration with Smallcase. Their primary focus will be, on

Business

Aug 12, 2023

Investing in Rahul Yadav’s 4B Networks was a mistake, according to Info Edge’s Sanjeev Bikhchandani-thumnail

Investing in Rahul Yadav’s 4B Networks was a mistake, according to Info Edge’s Sanjeev Bikhchandani

Info Edge invested Rs 288 crore in 4B Networks, of which Rs 276 crore was stock and Rs 12 crore was loan. In its Q3 FY23 financial statements, the business

Finance

Aug 12, 2023

Chakr Innovation a climate technology-focused startup receives 18 cr in funding-thumnail

Chakr Innovation a climate technology-focused startup receives 18 cr in funding

Chakr Innovation, a startup focused on climate technology has received INR 18 Cr ($2.2 Mn) in funding, from India’s EXIM Bank to support the development of emission control devices.

Business

Aug 11, 2023

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry-thumnail

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Automotive

Aug 11, 2023

‘Ability to stay invested indefinitely’: Zerodha invests Rs 1,000 crore in Rainmatter to support businesses-thumnail

‘Ability to stay invested indefinitely’: Zerodha invests Rs 1,000 crore in Rainmatter to support businesses

Nithin Kamath, CEO of Zerodha, stated on Wednesday that the company has expanded its investment in its startup accelerator fund, Rainmatter. According to Kamath, the allotment has been enhanced by Rs 1,000 crore. He noted that the fund has invested about Rs 400 crore in the last seven years. 

Business

Aug 11, 2023

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks-thumnail

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks

CapitaLand Investment Limited (CLI) is launching CapitaLand India Growth Fund 2 (CIGF2) an initiative, with a value of S$525 million. The focus of this fund is on acquiring high-quality Grade A business parks in cities across India

Business

Aug 10, 2023

KRAFTON will spend $150 million in the startup ecosystem as part of its India-first strategy-thumnail

KRAFTON will spend $150 million in the startup ecosystem as part of its India-first strategy

The company claims to have already invested $140 million in start-ups in India.

The top South Korean gaming corporation, KRAFTON, Inc., creator of the BGMI, plans to invest $150 million in India over the next two to three years.

Investment & Funding

Aug 10, 2023

Avid Technology to be acquired by STG for $1.4 billion-thumnail

Avid Technology to be acquired by STG for $1.4 billion

Avid Technology Inc (AVID.O), a developer of media editing software, will be acquired by private equity company Symphony Technology Group (STG) on Wednesday for approximately $1.4 billion, including debt.

Business

Aug 10, 2023

White House to unveil plans restricting some US investments in China, Sources-thumnail

White House to unveil plans restricting some US investments in China, Sources

A senior government source told Reuters that the White House would outline its proposals on Wednesday to forbid some US investments in sensitive technology in China and demand that the government be notified of other transactions.

Business

Aug 9, 2023

Disprz Raises $30M in Series C Funding to Grow Presence in the US Market-thumnail

Disprz Raises $30M in Series C Funding to Grow Presence in the US Market

Disprz, a computer-based intelligence-fueled learning and skilling suite, has brought $30 Million up in its Series C funding round driven by Lumos Capital and 360 ONE Resource (IIFL), with support from Kae Capital, KOIS, and Dallas Funding.

Investment & Funding

Aug 7, 2023

GoStudents raises another $95 mn to double down on VR & Ai capabilities-thumnail

GoStudents raises another $95 mn to double down on VR & Ai capabilities

Go Student, a prominent ed-tech unicorn secures an impressive $95 million in a strategic funding round from investors including Deutsche Bank and Left Lane Capital.

Business

Aug 4, 2023

With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric-thumnail

With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric

Mahindra & Mahindra Ltd. (M&M) said that Temasek, a worldwide investment corporation, will invest ₹1,200 crore in Mahindra Electric Automobile Ltd. (MAEL), its subsidiary for electric vehicles.

Business

Aug 3, 2023


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