The number of deals announced in the month were the highest ever at 102 for any month, compared to 75 in the same period last year and 92 deals in March.
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
The capital infusion is expected to bolster its presence in the country by funding its key businesses to take on Indian rival Ola.
A university vice-chancellor abducted by the Pakistani Taliban from the country's troubled northwest nearly two years ago has appealed to his colleagues and student groups to pressure the government for his release in a new video issued by the militants.
It is sad that the legislative pre-consultation on such an important bill is being done in a very biased manner, notes Shailesh Gandhi, former Central Information Commissioner, recounting his experience with Minister Rajeev Chandrashekhar.
In India, US venture capitalists invested $101 million in 13 deals in the first quarter, 29 per cent less than the $142 million via 22 deals in the March quarter of 2008, as per data compiled by research firm Dow Jones VentureSource. Venture capitalists put $1.87 billion, the lowest quarterly total since 2004, via 250 deals for emerging companies in India, China, Europe and Israel in the first quarter as fund managers prefer assured returns from portfolio investment.
News of all that transpired on and off the cricket field
VCs also do not want to under-finance companies and are ensuring that the current capital infusion takes them through at least 18-24 months, which is the expected time when the outside fundraising environment starts to recover, says Alok Mittal.
In contrast to the growth on IT and ITeS front, disbursements of venture capital and public equity funding halved to $540 million during 2003 in India
The SC and ST Teachers Forum said in a statement that its members would go on a hunger strike from Thursday to press for the resignation of VC Appa Rao and the interim VC 'in order to resume academic and administrative activities'.
India, Pakistan, Sri Lanka, Afghanistan and Bangladesh can beat each other on their day
'I'm 79 + now, and I've been doing all this since my late 20s.' 'Sometimes the ideological war extends to the home as well.' 'Many nights I couldn't sleep when someone close to me uttered the smallest insult.' 'It would cause me a lot of pain. But one has to be honest to oneself.'
Venture capitalists are leveraging their experience to build something new.
Internet user base in India has touched 100 million.
The new clean technology venture capital fund has invested $20 million in California-based Miasole, which is engaged in the development of thin-film solar panels, while the carbon fund has an initial investment commitment of $157 million, the steel-maker said. "The fund is managed by a team from ArcelorMittal Flat Carbon Americas and its investment decisions are taken by a six-person Investment Committee chaired by ArcelorMittal FCA CEO Lou Schorsch," it added.
Supernovas, champions in 2018 and 2019, just about managed to ward off their rivals in a last-over thriller.
The decision was taken at the executive council meeting of the university, sources said.
India need to put up an improved batting show in their second ICC Women's World Cup league stage game
Funds will invest in new technology companies involved with climate change mitigation.
Catamaran Management Services, the venture capital fund promoted by Infosys Technologies Chairman N R Narayana Murthy, is free to exit SKS Microfinance.
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd. The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting. The result of the voting will be announced in due course, it added.
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
The government is reviewing norms for investments by foreign venture capital funds in real estate, after the Reserve Bank of India coming round to the view that such funding is helping create an asset bubble in the sector.
Investors spent much of 2016 cleaning house. And a VC tells Ranju Sarkar, "There's still some bad news left in the portfolios (of VC firms). What happens to Ola and Flipkart will drive sentiment in future."
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
He said the politicians in the state did not have any vision for higher education, which had seen drastic decline in quality and standard in the recent years.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
Stalin said that even in Gujarat the vice-chancellors are not appointed by the governor but the State.
Australia will play against Sri Lanka in the first T20I at North Sydney Oval on September 29.
"The current environment on the campus is extremely vitiated and is perceived by the Dalit community as intimidating and hostile," he said.
Allowing students to have interaction with Rahul Gandhi has cost vice chancellor of a leading university in Indore his job. Devi Ahilyabai Vishwa Vidyalaya (DAVV) vice chancellor Dr A S Sehrawat, who ran into a controversy after allowing Congress general secretary Rahul Gandhi to interact with students on the university campus has resigned from his post.
Prime Minister Narendra Modi scored 62.3 per cent in his masters in Political Science, Gujarat University's Vice Chancellor M N Patel has said.
A group of over 20 ex-students had been protesting on the campus since Monday, alleging that they were denied admission to the postgraduate courses because they had taken part in an agitation against Uttar Pradesh Chief Minister Yogi Adityanath.
Koo has so far raised $4.1 mn in Series A funding from existing investors Accel, Kalaari Capital, Blume Ventures and 3one4 Capital.
Narayana Murthy, chairman and chief mentor of India's second-largest information technology services provider Infosys Technologies, has asserted that he has set up the Catamaran Venture Fund to occupy himself once he retires from Infosys in 2011.
With two senior pacers Bhuvneshwar Kumar (thigh injury) and Ishant Sharma (side strain) all but ruled out, Navdeep Saini will certainly be the fourth pacer after Mohammed Shami, Jasprit Bumrah and Umesh Yadav.
Asserting that central government employees may have to work with staggered attendance and variable working hours, the personnel ministry has come out with a draft framework for 'work for home' for the staff post-lockdown. The department of personnel and training may provide options for work from home to the eligible officers/staff for 15 days in a year as a matter of policy, it said.
Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. With the entry of online pharmacies, this space has started to witness a shake-up. Sample this: Dawaa Dost, a Rajasthan based digital health start-up, generates medicine orders from 'kirana' stores and women self-help groups (SHGs) that operate in villages, and then service these orders through its affiliated network of pharmacies. Biddano, another health-tech start-up, has a platform that acts as an aggregator for neighbourhood chemist shops.
