Exclusive

Publication

Byline

OrbiMed hits $1-bn mark for sixth Asia-focussed PE fund, exceeds target

New Delhi, Oct. 16 -- Healthcare-focussed private equity firm OrbiMed has exceeded the amount targeted for its sixth Asia-centred vehicle after rolling out the vehicle last year. OrbiMed, which has b... Read More


Peak XV-backed RapidCanvas raises Series B funding led by Vertex Ventures

New Delhi, Oct. 16 -- RapidCanvas, an enterprise artificial intelligence (AI) company, has raised $29 million (Rs 275 crore) in a Series B funding round led by Singapore-headquartered early-stage vent... Read More


Mankind Pharma to buy Belgian biotech firm for cancer-care innovation

New Delhi, Oct. 16 -- Mankind Pharma has entered the cell- and gene-therapy segment to treat cancer by acquiring a European biotech company that has developed therapies for treating certain lymphomas ... Read More


SEBI may lean towards pausing closing auction method for derivatives for a year

New Delhi, Oct. 15 -- The Securities and Exchange Board of India is likely to pause the closing auction session (CAS) rollout in equity derivatives for a year, and retain the previous volume weighted ... Read More


Shamrock AI, AdGraam, Formial Labs, three others bag early-stage cheques

New Delhi, Oct. 15 -- Shamrock AI, an enterprise AI company, has raised $5 million (around Rs 48 crore) in seed funding led by Endiya Partners in its first institutional round. Capria Ventures also p... Read More


Shamrock AI, AdGraam, Formial Labs, Vitonnix bag early-stage cheques

New Delhi, Oct. 15 -- Shamrock AI, an enterprise AI company, has raised $5 million (around Rs 48 crore) in seed funding led by Endiya Partners in its first institutional round. Capria Ventures also p... Read More


Accel-backed Scimplify snags funding from Hitachi's VC arm

New Delhi, Oct. 15 -- Scimplify, a specialty chemical manufacturing startup backed by venture capital firms Accel and Bertelsmann India Investments, has raised $25 million (about Rs 238 crore) in a fu... Read More


Piramal Alternatives backs commercial kitchen equipment maker

New Delhi, Oct. 15 -- Piramal Alternatives, the fund management arm of the Piramal Group, has committed Rs 150 crore ($15.7 million) to Kumar Equipment (India) Pvt Ltd, a manufacturer of commercial ki... Read More


Explained: What RDIF fund manager appointments mean for PE/VC firms, startups

New Delhi, Oct. 14 -- The Union Ministry of Science and Technology has appointed the first set of second-level fund managers who will channel capital from the Research, Development and Innovation Fund... Read More


Norwest backs Sila's property arm to deepen Mumbai Metropolitan Region presence

New Delhi, Oct. 14 -- Sila, a home-grown business services and real-estate development platform founded by brothers Rushabh and Sahil Vora, has raised Rs 300 crore (around $32 million) investment from... Read More