VentureSoul Partners, a newly established venture debt firm, has marked a significant milestone by reaching the first close of its maiden fund, securing INR 600 crore. This fund, registered as a Category II Alternative Investment Fund (AIF) with SEBI, is set to target a total corpus of INR 300 crore, with an additional INR 300 crore in greenshoe options. The firm aims to back high-potential…
Rapido, the Indian ride-hailing startup known for its bike taxi services, has officially entered the unicorn club following a significant $200 million Series E funding round. This latest round, which values the company at $1.1 billion, was spearheaded by existing investor WestBridge Capital and saw participation from Nexus Venture Partners, Think Investments, and New York-based Invus…
Mygate Enters Consumer Electronics with Smart Door Locks
Mygate, a leader in residential security solutions, has announced its foray into the consumer electronics market with the launch of Mygate Locks—a new range of smart door locks designed to offer enhanced home security with digital convenience. The product lineup includes three variants: Lock SE, Lock Plus, and Lock Pro, all of which enable…
At the Global Fintech Fest in Mumbai, Infosys co-founder and chairman Nandan Nilekani highlighted that startups leveraging India’s digital public infrastructure (DPI) are now valued at $100 billion. Nilekani emphasized that the development of Aadhar and the Unified Payments Interface (UPI) was designed to lay down foundational “rails” for private sector innovation.
“The estimated market…
Rebel Foods, the Mumbai-based cloud kitchen startup behind brands like Faasos, Oven Story, and Behrouz Biryani, is negotiating a $120 million funding round led by Singapore’s Temasek. This new round, if completed, will mark another significant investment in the Indian startup ecosystem, echoing the large funding rounds seen recently by startups like Zepto and Meesho.
The funding is being sought…
PhysicsWallah Unveils ‘School of Startups’ and $5 Million Fund to Support Over 100 New Ventures
Edtech unicorn PhysicsWallah, known for revolutionizing education through innovative learning solutions, has announced the launch of its ‘PW School of Startups’ (PW SOS) along with a $5 million fund aimed at supporting over 100 startups. This new initiative is designed to provide a comprehensive…
Two emerging companies, Smartworks Coworking Spaces and Ecom Express, have recently filed their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) as they prepare to launch their Initial Public Offerings (IPOs). Both firms are set to raise funds through the primary markets, with their shares slated to be listed on the Bombay Stock Exchange (BSE) and the…
