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LiLLBUD, SanchiConnect, Sherlocks AI bag funding; Ideabaaz picks stake in KickSky

New Delhi, June 23 -- Early learning startup LiLLBUD, deep-tech ecosystem platform SanchiConnect, and AI-native incident management firm Sherlocks AI have secured fresh funding, the companies said Tue... Read More


Yash Highvoltage raising $16 mn from institutional investors, family offices

New Delhi, June 23 -- Yash Highvoltage Ltd, a Vadodara-based maker of high-voltage transformer bushings, has approved a plan to raise Rs 151 crore (nearly $16 million) from institutional investors and... Read More


Yash Highvoltage eyes $16 mn institutional fundraise

New Delhi, June 23 -- Yash Highvoltage Limited, a Vadodara-based maker of high-voltage transformer bushings, has approved a plan to raise Rs.151 crore (nearly $16 million) from institutional investors... Read More


Rabo-backed Kaleidofin's NBFC arm secures financing from impact investor

New Delhi, June 23 -- Kaleidofin Capital Pvt Ltd, the non-banking financial services unit of Kaleidofin Pvt Ltd, has raised $5 million (around Rs 47.8 crore) in debt from WLB Asset VIIB Pte Ltd. WLB ... Read More


SEBI cuts AIF scheme-launch timeline to 10 days under new GARUDA mechanism

New Delhi, June 22 -- The Securities and Exchange Board of India (SEBI) has further reduced the timeline for alternative investment funds (AIFs) to launch new schemes to 10 days, which is one-third of... Read More


Why VCs need different metrics to value deep-tech startups

New Delhi, June 22 -- How do investors put a price on possibility? When a company has no revenue today but owns intellectual property and scientific discoveries with the potential to reshape entire in... Read More


Avendus elevates digital and tech practice chief to head of investment banking

New Delhi, June 22 -- Financial services firm Avendus has elevated Karan Sharma to the leadership role of managing director and head of investment banking, with immediate effect, the company said in a... Read More


Consumer-focused VC firm Prath Ventures plans second fund

New Delhi, June 22 -- Mumbai-based venture capital firm Prath Ventures, which primarily invests in consumer-centric businesses, is planning to start raising its second fund soon, a top executive told ... Read More


Governance, compliance key challenges in mid-market deals: Baker Tilly ASA's Arora

New Delhi, June 22 -- The biggest hurdle in deal-making with mid-market promoter-driven companies seeking an exit is the lack of corporate governance and the inconsistent quality of accounting and fin... Read More


Meta to invest $900 mn in CRED, names Kunal Shah WhatsApp's global CEO

New Delhi, June 22 -- Meta Platforms Inc., the parent of Facebook, Instagram and WhatsApp, is investing $900 million (about Rs 8,500 crore) in CRED in primary and secondary capital, the Indian fintech... Read More