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MENA Digest: Fintech startups Octane, XFOLIO, SaturnX bag VC funding

New Delhi, June 20 -- Egyptian fintech company Octane led startup fundraising activity in the Middle East and North Africa region this week, as it raised growth capital to support its regional expansi... Read More


Pico Xpress, One Hand Clap secure early-stage funding

New Delhi, June 19 -- Quick commerce startup Pico Xpress has secured funding from a Japanese venture capital firm, while creative agency One Hand Clap has raised funding from Nikhil Kamath, the compan... Read More


SEBI eases ESOP norms for startup founders, rationalises angel fund framework

New Delhi, June 19 -- The Securities and Exchange Board of India (SEBI) has decided to ease the norms on employee stock ownership plans (ESOPs) for startup founders allowing them to hold share-based b... Read More


SEBI opens co-investment window for LPs, makes it easier for PE/VC funds to exit via IPOs

New Delhi, June 19 -- The Securities and Exchange Board of India has overhauled several rules governing alternative investment funds (AIFs) that will allow limited partners (LPs) to participate direct... Read More


Saudi Arabia's SIDF Investment Company backs PE fund in first overseas LP bet

New Delhi, June 18 -- SIDF Investment Company, an investment platform owned by the Saudi Industrial Development Fund, has made its first international limited partner-style investment in a private equ... Read More


Motilal Oswal Alts hires former Modulus exec to lead private credit strategy

New Delhi, June 18 -- Motilal Oswal Alternates, the alternative investment arm of the Motilal Oswal Group that currently invests in real estate and private equity asset classes, on Wednesday announced... Read More


Facility services firm CLR bags $15 mn from BII in Series B round

New Delhi, June 18 -- CLR Facility Services Pvt Ltd, a provider of facility management solutions, has secured investment from development finance institution British International Investment (BII) in ... Read More


Physis Capital gets LP cheques from Haldiram's, Lotus Herbals family offices

New Delhi, June 18 -- Venture capital firm Physis Capital, set up by the founders of angel investment platform Inflection Point Ventures (IPV), said Wednesday it has raised Rs 200 crore ($23.2 million... Read More


Google-backed Sharechat's CBO Gaurav Jain resigns

New Delhi, June 17 -- Gaurav Jain, the chief business officer of Google-backed short video platform Sharechat that also owns another reels platform Moj, has resigned from his role. "Today, we shared ... Read More


Steptrade Capital marks first close of new alternative investment fund

New Delhi, June 17 -- Financial services provider Steptrade Capital has made the first close of its third alternative investment fund to invest in emerging companies in the small and microcap segments... Read More