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Sequoia Closes Second Seed Fund At $195 Mn For Surge

India, March 25 -- Silicon Valley-based early-stage investor Sequoia Capital has closed its second seed fund at $195 Mn, as a part of its accelerator programme Surge. The new capital will allow the fi... Read More


SEBI Looks To Make Domestic Public Listing Simpler For Indian Startups

India, March 24 -- Market regulator the Securities and Exchange Board of India (SEBI) has decided to make the process of initial public offering (IPO) simpler for Indian startups, by easing the listin... Read More


Zetwerk Employees Cash In On ESOPs After $8 Mn Share Buyback

India, March 24 -- Bengaluru-based manufacturing services platform Zetwerk has bought back shares worth $8.3 Mn (INR 60.92 Cr) from employees and early-stage investors, a month after raising funds fro... Read More


Zetwerk's $8 Mn Buyback Offers Returns To Early Investors; Employees Cash In On ESOPs

India, March 24 -- Bengaluru-based manufacturing services platform Zetwerk has bought back shares worth $8.3 Mn (INR 60.92 Cr) from employees and early-stage investors, a month after raising funds fro... Read More


IIFL Launches $280 Mn Fund To Invest In Pre-IPO Rounds Of Tech Startups

India, March 23 -- The asset management arm of financial services group IIFL has launched a INR 1,500 Cr ($207 Mn) fund to invest in the pre-initial public offering (IPO) and late-stage rounds of digi... Read More


Supreme Court Stays All High Court Cases Against OTT Regulation, Censorship

India, March 23 -- The Supreme Court of India on Tuesday (March 23) stayed proceedings of cases seeking regulation of content on over-the-top (OTT) platforms, including Netflix, Amazon Prime Video and... Read More


India Says Its System Can Add Traceability To Encrypted WhatsApp Chats

India, March 23 -- The government of India claims it has found a way around preserving end-to-end encryption in WhatsApp chats, while also enabling traceability of the messages to the origin. While t... Read More


Jio To Launch Low-Cost 5G Phone, Laptop In Partnership With Google

India, March 22 -- Reliance Industries' digital venture Jio Platforms may launch its first low-cost 5G smartphone in partnership with tech giant and investor Google at its annual general meeting (AGM)... Read More


Mobikwik Seeks Unicorn Valuation After IPO In September

India, March 22 -- Gurugram-based digital payments company Mobikwik's plans to go for an initial public offering (IPO) by September 2021 has started gaining some momentum, as it is planning to file th... Read More


Student Biotech Startup Bags $10 Mn From UAE Firm For Its Seaweed Innovation

India, March 22 -- A student biotech startup Zaara Biotech, which was incubated under Sahrdaya Technology Business Incubator (Sahrdaya TBI), has bagged an investment of $10 Mn from UAE-based TCN Inter... Read More