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FirstClub nets Series B funding as valuation doubles to $255 mn

New Delhi, June 4 -- FirstClub, a quick-commerce startup set up by former Flipkart executive Ayyappan R, has pocketed $55 million (Rs 512 Crore) in a Series B funding round led by domestic venture cap... Read More


KfW, Dara Holdings-backed impact fund Anara marks first close of debut vehicle

New Delhi, June 4 -- A new venture fund Anara Impact Capital, which is focussed on impact-driven startups across the Middle East and North Africa, has marked the first close of its debut fund, collect... Read More


Did SoftBank beat the exit benchmark as it pulls $300 mn more from Lenskart?

New Delhi, June 4 -- SoftBank, the Japanese investment giant that makes technology-focused bets and has backed companies such as Meesho, Unacademy and Ola Electric in India through its Vision Fund, ha... Read More


Hyderabad-based Cyient to acquire AI-focussed Tao Digital

New Delhi, June 1 -- Hyderabad-based engineering research and development (ER&D) firm Cyient Ltd has signed an agreement to acquire Santa Clara, California-headquartered Tao Digital Solutions. The Mu... Read More


Altimeter Capital makes a forgettable exit from Indian firm

New Delhi, June 1 -- American alternative investment firm Altimeter Capital, which invests in high-growth technology companies via its public market as well as venture and growth equity vehicles, has ... Read More


EV maker Simple Energy bags $26 mn, sets sights on FY28 listing

New Delhi, June 1 -- Bengaluru-based electric two-wheeler maker Simple Energy has raised Rs 250 crore ($26.3 million) through a mix of equity and debt, closing its Series B funding round. The round c... Read More


PE firm India SME Investments clocks partial exit from a fashion retailer

New Delhi, May 26 -- Private equity firm India SME Investments, which focuses on small and medium enterprises, has partly monetized its investment in a fashion retailer that it first backed seven year... Read More


Copper Chimney operator's fund places first bet, backs abCoffee

New Delhi, May 25 -- Homegrown quick-service coffee chain abCoffee has secured Rs 61 crore ($6.4 million) in its pre-Series B round led by Kliff Ventures, the newly launched consumer retail fund from ... Read More


Dubai Future District Fund makes LP-style bet on US-based VC fund

New Delhi, May 25 -- The Dubai Future District Fund (DFDF), the region's first evergreen venture capital fund-of-funds, has made a limited partner (LP)-style commitment into a Washington, DC-headquart... Read More


Elevation Capital pulls out $100 mn more from legacy VC bet

New Delhi, May 25 -- Domestic venture capital firm Elevation Capital, which typically makes early-stage bets but also forayed into late-stage investing with the launch of a dedicated fund last year, h... Read More