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Explained: SEBI's new AIF valuation reporting norms and deadline relief

New Delhi, Feb. 9 -- The Securities and Exchange Board of India (SEBI) has issued new rules for how alternative investment funds (AIFs) must report unit valuations to depositories, aimed at improving ... Read More


Aditya Birla Sun Life AMC marks final close of special opportunities AIF

New Delhi, Feb. 9 -- Aditya Birla Sun Life Asset Management Company (ABSL AMC) has announced the final close of the Aditya Birla Sun Life India Special Opportunities Fund. The multi-cap equity altern... Read More


Biotech startup Pandorum bags $18 mn to develop therapies for rare ocular diseases

New Delhi, Feb. 9 -- Biotechnology firm Pandorum Technologies has raised $18 million (Rs 163 crore) in a Series B round to advance the clinical development of its therapies that target diseases on the... Read More


ChrysCap-backed KIMS to up stake in Sunshine Hospital; Tube Investments inks M&A

New Delhi, Feb. 9 -- ChrysCapital-backed Krishna Institute of Medical Sciences (KIMS) has approved a further increase in its investment limit of up to Rs 100 crore ($11 million) to acquire additional ... Read More


Unicorn India Ventures, IIT Madras Research Park team up for deep-tech fund

New Delhi, Feb. 6 -- Early-stage venture capital firm Unicorn India Ventures, which is an investor in companies such as retail startup Daalchini, neo-banking firm Open and robotics startup Genrobotics... Read More


Nisus Finance exits Skytech Estates after three-year hold

New Delhi, Feb. 6 -- Nisus Finance Services Co Ltd has exited its investment in Skytech Estates Pvt Ltd, the company said in a statement. The investment delivered an internal rate of return (IRR) of ... Read More


Hero MotoCorp tops up bet on Euler Motor in Series E round

New Delhi, Feb. 6 -- Hero MotoCorp Ltd., promoted by the Munjal family-controlled diversified Hero Group, is investing up to Rs 275 crore ($30.3 millon) in electric vehicle maker Euler Motors, deepeni... Read More


SEBI proposes easier exit, winding-up norms for AIFs

New Delhi, Feb. 6 -- The Securities and Exchange Board of India (SEBI) has proposed easing winding-up norms for alternative investment funds (AIFs), including allowing them to retain money to meet lit... Read More


ZILO, Material Depot, Dr Doodley, others bag early-stage funding

New Delhi, Feb. 5 -- Quick commerce startup ZILO, home interiors platform Material Depot, pet healthcare firm Dr Doodley, and two other companies have raised funding in early-stage rounds from venture... Read More


Ranjan Pai-backed 108 BioCapital makes debut investment in Pinwheel Therapeutics

New Delhi, Feb. 5 -- 108 BioCapital, a US-based healthcare-focused growth fund, has made its maiden investment by backing Pinwheel Therapeutics, a biopharma startup conducting mid-stage clinical trial... Read More