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May 28, 2024 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- India-based construction materials company Infra.Market on Tuesday said it has raised $50 million in funding from MARS Unicorn Fund, a joint venture between Israel-based Liquidity Group and Japan's Mitsubishi UFJ Financial Group. The fund had earlier invested $50 million in Infra.Market two years ago.
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Feb 15, 2024 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- A growing tribe of private equity and venture capital investors is heading to India's hinterland amid a rise in local tech talent coupled with improving infrastructure, increasing Internet penetration and lower operational expenses. According to data available from research firm Tracxn, startup funding in third-tier cities has been steadily rising and in 2023 stood at $59.7 million despite a slowdown in overall funding amid macroeconomic uncertainties.
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Feb 5, 2024 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- Despite the unprecedented rise in demand for electric vehicles in India and a raft of homegrown players rushing in to fill the space, EV prices in the country are unlikely to come down anytime soon as the bulk of their components, particularly batteries, are still imported. And even if India starts making batteries locally, it would not necessarily translate into a drop in prices, industry experts cautioned.
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Dec 25, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- After a gush of initial public offerings in 2021 and a sudden lull in 2022, India's primary market fundraising picked up steam once again in the latter half of 2023. Many high-profile IPOs have lit up the bourses in recent months. Tata Technologies and IdeaForge were among the 50 IPOs in India this year -- the highest globally.
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Dec 8, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- Artificial intelligence startup Sarvam AI said it raised $41 million in a Series A funding round led by Lightspeed, barely five months into operation. The generative AI company, founded by Vivek Raghavan and Pratyush Kumar, also saw participation from Peak XV Partners and Khosla Ventures in the round, which they claim is the largest fundraising at this stage for an Indian AI startup. The announcement came on Thursday.
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Sep 6, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- Hero MotoCorp said it will be investing an additional 5.5 billion rupees ($66 million) in Indian electric two-wheeler manufacturer Ather Energy. "The board of directors of the company, at its meeting held on Sept. 4, has approved an investment of up to [5.5 billion rupees] in the rights issue of Ather Energy Private Limited," Hero MotoCorp said in a National Stock Exchange (NSE) filing.
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Aug 21, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- Motilal Oswal Alternates, the alternative investment arm of Motilal Oswal Group, said it is set to raise up to 20 billion rupees ($240.6 million) through its sixth real estate fund, strengthening its presence in India's growing real estate market. The fund, the India Realty Excellence Fund VI, will make early-stage investments in mid-income/affordable residential projects across the Indian cities of Mumbai, Delhi-NCR, Pune, Bangalore, Chennai, Hyderabad, Kolkata and Ahmedabad.
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Aug 10, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- India's software-as-a-service debt collection platform Credgenics on Wednesday said it has raised $50 million in a Series B funding round led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund and other strategic investors. The funding more than tripled Credgenics' valuation to $350 million from its last Series A fundraising of $25 million in 2021, when it was valued at $100 million.
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Aug 7, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- Elev8 Venture Partners, a venture capital company backed by Venture Catalysts, on Friday said it has raised $67 million in the first close of its maiden fund to invest in startups in their Series B and C financing rounds. Bangalore-based Elev8, which is targeting a corpus of $200 million for the fund, aims to invest in sectors including consumer tech, enterprise software, fintech and health technology.
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Aug 4, 2023 | 
asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia
NEW DELHI -- Indian early-stage venture capital fund pi Ventures said it has raised $85 million in the final close of its second fund, 2.5 times more than its predecessor fund, to invest in AI and deep tech startups. The fund was oversubscribed and exceeded its initial target of $68 million.
