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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


Blackstone-backed EPL to merge with Indorama firm Indovida in $2-bn deal

New Delhi, March 30 -- Mumbai-listed EPL Ltd, one of the world's biggest manufacturers of laminated tubes, has agreed to merge with Indovida, a plastics packaging company backed by Thailand's Indorama... Read More


Spacetech startup Bellatrix Aerospace pockets $20 mn in pre-Series B

New Delhi, March 30 -- Space-tech startup Bellatrix Aerospace has raised $20 million (around Rs 189 crore) in its pre-Series B growth round led by Cactus Partners. New investors such as 35 North Vent... Read More


ChrysCap-backed CMS Info Systems buys FSS' managed services business

New Delhi, March 30 -- One of the largest cash-management companies in the country CMS Info Systems, which is backed by homegrown private equity firm ChrysCapital, has acquired the ATM managed service... Read More