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Fibr AI, 1.5 Degree, EyeROV get early-stage funding

New Delhi, Feb. 4 -- Marketing AI platform Fibr AI, dairy startup 1.5 Degree, and marine robotics startup EyeROV have secured funding in separate early-stage rounds from venture capital firms, angel i... Read More


SEBI proposes sweeping relaxations to 'fit and proper' norms for AIFs, other intermediaries

New Delhi, Feb. 4 -- A pending criminal complaint or charges filed by an enforcement agency should not cause an intermediary, such as alternative investment funds (AIFs) or merchant bankers or stock b... Read More


Golden Sparrow Ventures marks first close of second fund

New Delhi, Feb. 4 -- US-based venture capital firm Golden Sparrow Ventures has completed the first close of its second investment fund, targeting $20 million (around Rs 181 crore), with more than half... Read More


Electric mobility firm Drivn gets up to $80 mn commitment from Nomura

New Delhi, Feb. 3 -- Commercial electric mobility platform Drivn has secured financing commitments of up to $80 million (around Rs 723.3 crore) from Nomura to fund the initial rollout of electric buse... Read More


Advent International to invest $305 mn in Aditya Birla Housing

New Delhi, Feb. 3 -- Private equity firm Advent International will invest Rs 2,750 crore (about $305 million) in Aditya Birla Housing Finance Ltd, the mortgage lending arm of Aditya Birla Capital Ltd.... Read More


Three Peak XV Partners execs quit to start new VC firm

New Delhi, Feb. 3 -- Three managing directors from Peak XV Partners have left the firm to start a new venture capital outfit, marking the latest round of leadership departures at one of the most promi... Read More


Loop AI, Neverinstall, others get funding; Japan's Horiba Group makes deeptech buy

New Delhi, Feb. 3 -- AI startup Loop AI, cloud computing platform Neverinstall, and two other firms have secured funding in separate early-stage rounds. Meanwhile Japan's Horiba Group has acquired an... Read More


Bain Capital-backed Dhoot Transmission confidentially files for $250 mn IPO

New Delhi, Feb. 3 -- Wiring harness maker Dhoot Transmission, which is backed by US buyout firm Bain Capital, has confidentially filed its draft papers with India's capital markets regulator for an in... Read More


EQT-backed GeBBS Healthcare names former Hexaware exec as CEO

New Delhi, Feb. 3 -- GeBBS Healthcare Solutions, the healthcare revenue cycle management company controlled by Swedish private equity firm EQT, said Tuesday it has appointed a new chief executive afte... Read More


QIA boosts VC fund-of-funds initiative to $3 bn

New Delhi, Feb. 3 -- Qatar Investment Authority (QIA), a sovereign wealth fund with more than $580 billion in assets under management, will expand its venture capital initiative by $2 billion, Qatar's... Read More