Direct-to-consumer snacks and instant foods maker Adukale has secured Rs 11 crore in a funding round led by venture fund Force Ventures. The funds will primarily be used for expansion of the company’s offline presence, its chief growth officer, Vinay Gopinath, told ET.Adukale, founded in 2009, sells a variety of snacks and instant food ingredients for dishes like dosa, idli and poha. With the latest funding round, the firm has raised more than Rs 16 crore.Chief executive Bharat Kaushik said the...
Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
A law firm is considering bringing a legal claim against a Home REIT sister fund, which has collapsed in value and is being investigated by the Financial Conduct Authority (FCA), City A.M. has learned.
Network-as-a-service (NaaS) provider CloudExtel Wednesday announced it has secured its first external debt funding of Rs 200 crore, that will go into expanding its network of small cells and fiber optics.The telecom infrastructure provider has also received an A- credit rating from CARE Ratings.The debt funding comes after CloudExtel secured equity investments from Macquarie Capital and Advencap in FY24.The company said the capital infusion is a testament to the scalability and viability of...
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...
Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments, and $160 million for Eniac VI. © 2024 TechCrunch. All rights reserved. For personal use only.
WASHINGTON (KTVZ) -- Senate Finance Committee Chair Ron Wyden, D-Ore., issued a statement this week after the Biden administration finalized several rules aimed at improving health care for Americans in nursing homes, those receiving home and community-based services through Medicaid, as well as updates to Medicaid-managed care to strengthen health services covered by these plans:
The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in […] © 2024 TechCrunch. All rights reserved. For personal use only.
Organised by Dan, a young person at the hospital and Chloe Eagle, Head of Phoenix School, the 5km walk took place in Norfolk Heritage Park, Sheffield. Cygnet Hospital Sheffield, on East Bank Road, is a 55-bed hospital which offers a low secure service for women and Child and Adolescent Mental Health services for male and female adolescents over three wards. Dan is a service user on Pegasus Ward, a 13 bed general adolescent acute service, providing support for young people, both male and female....
AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
Founded by Stephen Manson in 2019 to raise awareness of autism, Autism All Stars will take to the field in the indoor pitch at the Oriam, Scotland’s Sport Performance Centre at Heriot Watt University on Sunday (11am kick-off) with a selection of well-known Edinburgh footballers facing off against each other. 38-year-old Manson, who played for clubs including Raith Rovers and Linlithgow Rose during his career, started what he hoped would be an annual charity fixture with close friend Craig...
Home energy improvements let you save on electricity bills while also reducing greenhouse gas emissions.