Early-stage investment firm Capria Ventures has concluded the fundraising for its India Opportunity Fund at Rs 153 crore (around $19 million).This follows Capria Ventures' announcement of a full-cash exit from job-tech startup Awign, in which Japanese HR firm Mynavi Corp acquired a majority stake.“Such a majority stake acquisition by a global multinational firm (Mynavi Corp) in a company like Awign is a great milestone for the entire venture capital industry. Through this exit, we will be...
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
WASHINGTON (KTVZ) -- Senators Ron Wyden and Jeff Merkley announced this week that 30 Oregon counties will receive more than $47.7 million in federal payments under the Secure Rural Schools and Community Self-Determination Act for schools and road maintenance, youth job training, wildfire prevention, watershed restoration and habitat conservation. These funds, more than $2.56 million of
More than two million tourists visited the country from January to March this year, according to the Department of Tourism.
Malaysia's sovereign wealth fund Khazanah Nasional Bhd. will set up a
Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. will set up a venture capital of up to 3 billion ringgit ($627 million) with two other partners to invest in startups in Southeast Asia.
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures.The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and...
Two Chautauqua County art organizations are receiving capital projects funding through the New York State Council on the Arts. Infinity Visual and Performing Arts will receive $50,000 for entrance and reception safety renovations. 1891 Fredonia Opera House will receive $93,000 for opera house seat replacement. Governor Kathy Hochul said, “From historic sites to new multi-use […]
British Patient Capital, a venture capital investment subsidiary of the UK government-owned British Business Bank, has committed £40.6m to a new cybersecurity fund. The Sheffield-based investor will supply the funds to the Evolution Technology Fund III, the third iteration of Evolution Equity Partner’s enterprise software and cybersecurity fund. Previous investments from Evolution funds included Quantexa, […]
LetsTransport, the truck aggregator startup, has raised $22 million in a funding round led by Bertelsmann India Investments.The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and achieve profitability. Significant investments will be made in products for both enterprises and truckers, as well as expanding geographically to different...
Status (SNT) traded 1.8% lower against the U.S. dollar during the twenty-four hour period ending at 20:00 PM E.T. on April 21st. In the last seven days, Status has traded 3.3% higher against the U.S. dollar. Status has a market cap of $156.77 million and approximately $3.95 million worth of Status was traded on exchanges […]