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IVCA elects new executive committee; Kotak Alts' Srinivasan to be chairperson

New Delhi, April 1 -- The Indian Venture and Alternate Capital Association (IVCA), a lobby group of alternative investment firms, said Wednesday it elected a new executive committee for a two-year ten... Read More


Mindspace REIT acquires Chennai asset for $270 mn

New Delhi, April 1 -- K Raheja Corp sponsored Mindspace Business Parks REIT has acquired a 2.6 million sqft property at Commerzone Pallikaranai in Chennai for Rs 2,541 crore (around $270 million), the... Read More


Srichakra Polyplast backer Circulate Capital marks first close of second Asia fund

New Delhi, April 1 -- Singapore-headquartered private equity firm Circulate Capital said Wednesday it has marked the first close of its second Asia-focused fund after securing $220 million (around Rs ... Read More


Kenya's Novostar Ventures marks final close of third fund

New Delhi, April 1 -- Novastar Ventures, a Kenya-based venture capital firm that backs early-stage companies, has marked the final close of its third fund below target. The Nairobi-headquartered VC f... Read More


Xovian Aerospace, BeastLife, CredResolve, others raise early-stage funding

New Delhi, April 1 -- Spacetech firms Xovian Aerospace and InterCosmos, D2C nutrition brand BeastLife, fintech startup CredResolve, and omnichannel meat brand TenderCuts have raised early-stage fundin... Read More


Xponentia Capital, Vertex Growth Fund lead Palmonas' Series B round

New Delhi, April 1 -- Homegrown jewellery brand Palmonas has raised $40 million (around Rs 375 crore) in its Series B funding round led by Xponentia Capital and Vertex Growth Fund, the growth-stage in... Read More


Bajaj Finserv leads NowPurchase's Series B funding round

New Delhi, April 1 -- AI-enabled B2B procurement platform NowPurchase has raised Rs 80 crore ($8.5 million) in a Series B funding round led by Bajaj Finserv, with participation from existing investors... Read More


US short-seller Morpheus alleges MakeMyTrip defying regulators, misleading customers

New Delhi, March 31 -- Morpheus Research, a US-based short-seller, has published a report accusing India's largest online travel agency, MakeMyTrip Ltd, of continuing to defy a 2022 antitrust order by... Read More


Bachatt, Fanon, Duggar Finvest pocket early-stage cheques

New Delhi, March 31 -- AI-led wealthtech platform Bachatt, storytelling startup Fanon, and non-banking financial company Duggar Finvest have raised early-stage funding. Bachatt Bachatt, an AI-led sa... Read More


Aavishkaar Capital invests $10 mn in Gnani.ai's Series B round

New Delhi, March 31 -- Mumbai-based impact investor Aavishkaar Capital has invested $10 million (around Rs 94 crore) in Bengaluru-based voice AI startup Gnani.ai as part of its Series B funding round,... Read More