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SoftBank-backed Eruditus closes $150 mn refinancing to drive growth

New Delhi, Sept. 11 -- Edtech startup Eruditus, which counts SoftBank, TPG, and Canada Pension Plan Investment Board (CPPIB) amongst its investors, on Thursday said it has closed a refinancing deal wo... Read More


IFC invests in JBM Auto's electric mobility unit, Eversource-backed GreenCell

New Delhi, Sept. 11 -- International Financial Corporation (IFC), the private-sector investment arm of the World Bank Group, said Thursday it is investing a total of $137 million (about Rs 1,211 crore... Read More


Swiss impact investor responsAbility marks fourth close of Asia climate fund

New Delhi, Sept. 10 -- Switzerland-based impact investor responsAbility Investments AG has marked the fourth close of its Asia-focused climate fund after securing commitments from International Financ... Read More


Agrim, Cashinvoice backer Accion Ventures raises new fund with India mandate

New Delhi, Sept. 9 -- Accion Venture Lab, the US-based social impact investor Accion's investment arm that focuses on early-stage investments, has closed its second early-stage fund that has an India ... Read More


Bessemer Venture Partner leads edtech app Seekho's Series B

New Delhi, Sept. 3 -- Venture Capital firm Bessemer Venture Partners has led a $28 million (around Rs 246 crore) Series B funding round in edtech startup Seekho. Goodwater Capital and existing invest... Read More


PE-backed TBO Tek to acquire US luxury travel firm Classic Vacations

New Delhi, Sept. 3 -- Listed travel-tech company TBO Tek Ltd, which counts private equity firms General Atlantic and Affirma Capital amongst its investors, has agreed to buy US luxury travel company C... Read More


Prashant Pitti resigns as MD of EaseMyTrip, Nishant Pitti takes over

New Delhi, Aug. 29 -- Online travel-tech platform EaseMyTrip said on Friday that co-founder Prashant Pitti has resigned from his role as managing director. He will now focus on mentoring startups, pu... Read More


VC firm Elevation Capital enters late-stage investing with $400-mn fund

New Delhi, Aug. 29 -- Homegrown venture capital firm Elevation Capital, which typically makes early-stage bets, has forayed into late-stage investing with the launch of a dedicated fund. The VC firm,... Read More


Fintech startups Kiwi, CredRight raise Series B funding

New Delhi, Aug. 25 -- Fintech startup Kiwi, which facilitates credit via UPI for its customers, has pocketed $24mn (Rs 209 crore) in its Series B funding round led by Vertex Ventures Southeast Asia an... Read More


Fintech startup Kiwi raises Series B funding

New Delhi, Aug. 25 -- Fintech startup Kiwi, which facilitates credit via UPI for its customers, has pocketed $24mn (Rs 209 crore) in its Series B funding round led by Vertex Ventures South East Asia &... Read More