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Artha India Ventures Mops Up 61% Returns From Its Maiden Fund

India, June 5 -- Ashokkumar Damani's family office Artha India Ventures (AIV) has claimed that its micro VC arm Artha Venture Fund-I (AVF-I) has generated a 61% internal rate of return (IRR) at close.... Read More


Centre Eases SEZ Norms To Boost Chips, Electronics Manufacturing

India, June 5 -- In a renewed push to semiconductors and electronics components manufacturing in India, the government has amended the special economic zones (SEZ) rules to allow relaxations. Accordi... Read More


Vivek Gupta Quits As CoinDCX CTO Amid Reports Of More Churn In Top Tier

India, June 4 -- CoinDCX chief technology officer (CTO) Vivek Gupta has resigned after a five-year stint at the crypto unicorn, the company confirmed to Inc42 today. "Our CTO, Vivek Gupta, who has be... Read More


CoinDCX CTO Quits Amid Reports Of A Top Level Churn

India, June 4 -- CoinDCX chief technology officer (CTO) Vivek Gupta has resigned after a five-year stint at the crypto unicorn, the company confirmed to Inc42 today. "Our CTO, Vivek Gupta, who has be... Read More


Tesla Ramps Up India Strategy With New Warehouse Space Lease In Mumbai

India, June 4 -- Elon Musk-led Tesla has reportedly leased a new warehouse space in Mumbai's Kurla West as a part of its strategy to expand operations and build an ecosystem for future manufacturing a... Read More


Sustainability-Focussed Caret Capital Marks First Close Of INR 400 Cr Fund

India, June 3 -- Sustainability-focussed Caret Capital has marked the first close of its second venture capital fund at INR 160 Cr (around $18.70 Mn), which has a target corpus of INR 400 Cr ($46.75 M... Read More


Tata Electronics Plans Malaysia Entry Through Chip Fab Buyout

India, June 3 -- Tata Electronics is reportedly in talks with global semiconductor players X-Fab, DNeX and Globetronics to acquire fabrication or outsourced semiconductor assembly and test (OSAT) faci... Read More


[Update] D2C Fashion Brand Snitch Raises $40 Mn For Offline Expansion

India, June 2 -- Update | June 2, 10:30 AM D2C fashion brand Snitch has raised $39.6 Mn (about INR 338.4 Cr) in its Series B funding round, led by 360 ONE Asset. The round also saw participation fro... Read More


Aequs Files Confidential Draft Papers With SEBI, Plans To Raise $200 Mn

India, June 2 -- Karnataka-based Aequs, a contract manufacturing company for consumer durable goods and aerospace parts, has reportedly filed a confidential draft red herring prospectus (DRHP) with th... Read More


Razorpay To Pay INR 1,245 Cr In Taxes For Domicile Shift To India

India, May 31 -- Fintech major Razorpay will likely pay approximately INR 1,245 Cr (around $150 Mn) in taxes to the Indian government as part of its reverse flip to the country, sources close to the d... Read More