The new funding round was led by General Catalyst, with new investors Dragon Fund and Epiq Capital joining the table.
Sources say it will have regular interactions, where the promoters will keep the group informed about corporate level developments
The decision to launch the new fund was made during the latest episode of Kamath’s podcast ‘WTF is with Nikhil Kamath’
The hotel aggregator is seeking to extend the maturity of the loan to five years, compared with an existing 2026 deadline, said a report
Growth seen across revenue, scale, and engagement metrics as the breadth of products created platform advantages, says CRED
Preqin report pegs dry powder at $15.6 billion in 2022, up from $11.1 billion at the end of 2021
Says this will provide investors exclusive access to companies from previous funds that are leaders in their respective markets, thus allowing co-investment with growth-stage funds in Series B, C and D rounds
Pee Safe, a women’s hygiene and wellness brand owned by Redcliffe Hygiene, has partially closed its Series B round and has received $3 million out of the total round size of $6 million
Company says entire amount reinvested in business to scale it
Sources say the start-up’s founders were toying with many ideas after the fundraise and had delegated a lot of the work, which created confusion within the company
HealthifyMe is all set to augment the capabilities of 'Ria,' its AI-powered virtual nutritionist, by infusing it with generative AI.
Firms secured 3x more funding in 2022 than in 2019, demonstrating a CAGR of 47 per cent
WickedGud, a D2C brand making healthy food and snack alternatives, appeared on Shark Tank season 2 and just last month raised Rs 2.25 crore from Shetty
These developments have come against the backdrop of the Silicon Valley Bank (SVB) crisis which started to unravel last week.
In the last two years, venture debt has emerged as a strong asset class in India, with $800 million worth of debt capital raised in 2022. SIDBI is the latest to foray into the segment.
Unlike a decade ago, when offshore investors were funding India’s AIFs, the expanding pool of domestic investors is helping them grow today. Experts reckon AIFs can be as big as the Rs 40-lakh crore MF industry in a few years.
Private market investors continue to show faith in the India growth story, especially seen in the rise of venture debt
India has 2,200+ funded women-led startups. Investments in such companies have grown 91 per cent since 2010. But venture capitalists believe women founders still have a long way to go when it comes to raising big cheques at large valuations.
The homegrown early-stage VC fund made 12+ investments in 2022, amidst the funding slowdown. Inflexor Ventures has deployed nearly 15 per cent of its fund corpus of Rs 600 crore.
Despite a capital market slowdown in 2022, India continued to attract venture funding, especially in early-stage deals. Five per cent of all VC investments last year globally flowed into India, per a new study.
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