Daily Headlinez Top News Updates
Bengaluru: The centre has notified the Startup India Fund of Funds 2.0 with a Rs 10,000 crore corpus to channel venture capital into startups, with a focus on deeptech and manufacturing.The scheme retains the earlier fund-of-funds structure, with government capital flowing into SEBI-registered Alternative Investment Funds (AIFs), which will invest in startups.What is new is…
Mumbai: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the Asia-Pacific region. The capital will be deployed across three funds-India seed, India venture…
MUMBAI: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the broader APAC region. The capital will be deployed across three funds–India seed, India…
MUMBAI: Earlier this month, when three managing directors at Peak XV Partners (formerly Sequoia India and Southeast Asia) quit abruptly, that too when the firm was in the thick of closing a fresh billion dollar fund, it became a talking point across investment circles. Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma will start a new…
The Union Cabinet has approved the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs 10,000 crore to mobilise venture capital for the country’s startup ecosystem.The scheme is aimed at accelerating the next phase of India’s startup growth by mobilising long-term domestic capital, strengthening the venture capital ecosystem…
(L-R) Ishaan Mittal, Ashish Agrawal and Tejeshwi Sharma (File photo) BENGALURU: Three partners at Peak XV Partners — Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma—exited the VC firm in quick succession, marking one of the most significant leadership changes since its separation from Sequoia Capital. Agrawal, who spent over 13 years at the firm, said…
Tushar Ahluwalia raises $12 million for AI venture out of stealth BENGALURU: Tushar Ahluwalia, who previously co-founded ecommerce aggregator Razor Group and consumer fashion platform StalkBuyLove, has raised $12 million for his new AI startup GeneralMind, just months after the company began operations, as it comes out of stealth to scale an autonomous workflow automation…
MUMBAI: Startup IPOs are taking the sheen off large private funding deals (beyond $100 million). Venture capital (VC) investors are actively raising funds, the funding winter is over, but it is the small and mid-sized deal counters (a few million dollars to $50 million or so) where there’s a rush of activity. There have been…
Nithin Kamath (File photo) For anyone investing in IPOs or tracking startup stocks, Zerodha co-founder Nithin Kamath has offered a striking explanation for why many venture-backed firms prefer losses over profits — and how India’s tax structure may be quietly driving that behaviour.In a detailed post on X, Kamath pointed out that taking money out…
BENGALURU: India has the depth and savings to create its own pool of patient capital, commerce and industry minister Piyush Goyal said on Friday, and called for greater use of domestic funds to accelerate the next phase of growth in the country’s startup ecosystem.“I asked my team to look at the regulatory framework so that…
