SILK Ventures raises $500m fund for Tech Scaleups

SILK Ventures raises $500m fund for tech scaleups - Eustan Ventures

UK-based SILK Ventures has raised a $500m fund to invest in tech companies in Europe and the US. The fund will provide investment to firms from Series A upwards in all tech verticals, but will have a key focus on those specialising in deep tech (AI, Robotics, Internet of Things) FinTech, deep science and HealthTech. Some 50% of the fund…

Stellaris’ maiden fund ventures out with $10 million from IFC

Stellaris' maiden fund ventures out with $10 million from IFC

International Finance Corporation (IFC), the private-investment arm of World Bank, is making an equity investment of $10 million in Stellaris Venture Partners' maiden fund, it announced in a disclosure. This is the third funding commitment by IFC in an India-focused VC fund this year. The commitment comes a few months after Stellaris, which was started by former top executives at…

Karnataka govt grants $1.5 mn to 26 biotech startups

The Karnataka government, as part of its startup initiative, has awarded Rs 10 crore ($1.5 million) in grants to 26 biotechnology startups, a statement by the Department of IT (information technology), BT (biotechnology) and Tourism stated. The government disbursed the grants to the startups under its Idea to Proof of Concept (Idea2POC) Grant Scheme, which is part of the broader…

Vodafone India looks to sell Rs 1,200 Crore Navi Mumbai data centre

Vodafone India has sought bids for its data centre facility in Navi Mumbai, a suburb of India’s financial capital, said two people familiar with details. Currently, two strategic companies are interested in buying it out but at cost for Vodafone, said one of them. The data centre has been built at a cost of Rs 1,200 crore and was commissioned…

BPL scraps partnership with Flipkart, moves to Amazon

Bengaluru: Consumer electronics brand BPL, which was the TV brand of choice for millions of urban Indian households in the 1990s, has scrapped its three-year partnership with online marketplace Flipkart, and has instead inked a deal with Amazon India to sell TVs, air-conditioners, washing machines and other large appliances. BPL executives were unhappy with the lack of visibility for their…

Uber brings food delivery app UberEATS to India, launches service in Mumbai

Cab-hailing service Uber on Tuesday launched its food delivery app UberEATS in Mumbai, marking its entry into the Indian market. Delivering food to consumers under a different brand name, cab-hailing service Uber on Tuesday launched UberEATS in India, with Mumbai being the first city where the service will go live. "The introduction of UberEATS in India, with Mumbai as the…

India Needs a Massive Women Investment Fund More Than the US

India Needs a Massive Women Investment Fund More Than the US Eustan Ventures

If reports in a US-based news and information company AXIOS Media are to be believed, Ivanka Trump, the daughter of US President is starting a new investment fund aimed at companies founded by women entrepreneurs around the globe. It is reported that the World Bank has been approached for managing the fund and it will provide working and growth capital…

Why SIDBI Can Be a Game Changer For Venture Capital Industry

Why SIDBI Can Be a Game Changer For Venture Capital Industry Eustan Ventures

In recent years, the Domestic Venture Capital market has considerably changed. Whole credit of this positive transformation in the capital market goes to the overseas cash inflow. Last Year, Manish Singhal, a venture capitalist was searching for means to increase the funds for his first venture. It was at that time, he thought that he has started on a complicated…

PM Narendra Modi, Paytm founder in Time’s ‘most influential people list’

New York: Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only two Indians to make it to an annual list of '100 most influential people in the world' this year released by the Time magazine today. The list features pioneers, artists, titans, leaders and icons from around the world honoured for "the power of their inventions,…

Delhi High Court issues restraining order on strike by Ola, Uber drivers

The call for a one-day strike on Tuesday by driver-partners of taxi-hailing companies Uber and Ola, as well as kaali-peeli taxi operators, may inconvenience commuters in Delhi-NCR. A majority of the estimated 150,000 cab operators may stay off roads on 18 April despite a Delhi High Court order restraining them from doing so. The agitation is being organised by the…

1 33 34 35 36 37 43