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Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round-thumnail

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round

According to the company, the cash infusion will assist it in increasing its production capacity at the Bengaluru facility to 100,000 units per year as well as meeting the working

Investment & Funding

Jun 27, 2023

Baskit, a supply chain startup, assists Indonesian middlemen-thumnail

Baskit, a supply chain startup, assists Indonesian middlemen

Large brand distributors dominate the top of the supply chain, but thousands of middlemen, including wholesalers, form partnerships with retailers at the bottom. Baskit, which was founded last year, seeks to give them tools to digitize the management of their goods and services in order to assist them acquire better rates. The Indonesian firm revealed today that it has raised $3.3 million in seed funding from Betatron, Forge, 1982, Investible, DS/X, Orvel, and Michael Sampoerna. This comes three months after a $1.5 million seed round.

Business

Jun 27, 2023

CreditAccess Grameen signs a $200 million commercial loan facility-thumnail

CreditAccess Grameen signs a $200 million commercial loan facility

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Finance

Jun 27, 2023

The second fund from Arkam Ventures aims to raise $180 million-thumnail

The second fund from Arkam Ventures aims to raise $180 million

As the Indian venture capital firm prepares to double down on the booming “middle India” market, Arkam Ventures is pursuing its second fund, looking for $180 million, roughly tripling the

Investment & Funding

Jun 27, 2023

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit-thumnail

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit

Epsilon Advanced Materials (EAM) has made a staggering announcement, revealing its plans to invest a mind-boggling $650 million in the establishment of an exceptional electric vehicle battery components facility within the United States. This visionary company aims to construct a state-of-the-art synthetic graphite anode manufacturing facility, boasting an impressive production capacity of 50,000 tons per annum (TPA). The primary goal of this facility will be to supply high-capacity anode materials, all of which will be produced using innovative green technologies.

Investment & Funding

Jun 26, 2023

Amazon and Google plan to increase their investments in India following Modi’s visit-thumnail

Amazon and Google plan to increase their investments in India following Modi’s visit

Amazon and Google have committed to increasing their investments in India as the internet titans attempt to accelerate expansion in a critical region.

Business

Jun 26, 2023

Deepinder Goyal, Nikhil Kamath, and others contribute $2 million to sneaker reseller Mainstreet Marketplace-thumnail

Deepinder Goyal, Nikhil Kamath, and others contribute $2 million to sneaker reseller Mainstreet Marketplace

Deepinder Goyal, Nikhil Kamath, and others contribute $2 million to sneaker reseller Mainstreet Marketplace

Investment & Funding

Jun 26, 2023

Focused on gaming and media Lumikai makes its second offering with a $50 million corpus goal-thumnail

Focused on gaming and media Lumikai makes its second offering with a $50 million corpus goal

The second fund from Indian gaming and interactive media firm Lumikai has been launched with a target corpus of $50 million from international investors.

Entertainment

Jun 23, 2023

Economic Ramifications of Brexit on Trade and Investment Between the UK and Germany-thumnail

Economic Ramifications of Brexit on Trade and Investment Between the UK and Germany

Ever since the United Kingdom cast its historic vote to exit the European Union on June 23, 2016, followed by its departure from the EU’s single market at the onset

Investment & Funding

Jun 22, 2023

How Poland landed a multi-billion dollar investment from Intel-thumnail

How Poland landed a multi-billion dollar investment from Intel

In order to lessen its reliance on Asia in the face of an unprecedented semiconductor scarcity, Europe is providing billions of euros in subsidies. In exchange, Intel is making significant financial commitments, and Poland chose to join the celebration since Germany had already secured a 30 billion euro investment.

Investment & Funding

Jun 22, 2023

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery-thumnail

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery

Delhivery went public with its initial public offering (IPO) in May of the previous year. However, the stock has experienced a relatively subdued performance, declining by approximately 28%. In the

Industry

Jun 22, 2023

The first opportunity fund raised by Blume Ventures closes at $25 million-thumnail

The first opportunity fund raised by Blume Ventures closes at $25 million

The new opportunity fund of early-stage venture capital company Blume Ventures has made its first closing at Rs 200 crore (about $25 million), or almost half of the total amount it aims to raise by the end of August.

Investment & Funding

Jun 22, 2023


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