Home improvement firm Arrivae has raised Rs 21 crore from CaratLane founder Mithun Sacheti in an equity round.The firm, founded in 2018 by Yash Kela, will use the funds to go deeper into existing markets and strengthen its supply chain, its business head Raghav Bubna told ET. Arrivae is present in Mumbai, Hyderabad, Gurugram and Bengaluru, and runs 11 stores in these cities.“We want to expand further in these geographical micro-markets, with some measured expansion into new markets also...
Mimo, a financial management platform for small and medium-sized enterprises (SMEs), has closed a £15.5m funding round. Founded in 2023, Mimo aims to simplify cashflow management for SMEs. The company said the abundance of software tools performing specific financial tasks such as payroll, invoicing and international payments, has created a fragmented and complex system for […]
The management and operating contractor of the Pantex Plant in Amarillo announced that it will join with its parent companies to raise money for wildfire relief efforts ongoing in the Texas Panhandle and High Plains with a series of events and initiatives.
Paediatric behavioural and developmental health platform Butterfly Learnings on Thursday announced that it completed a series A funding round raising Rs 32 crore.Insitor Impact Asia Fund II and Enzia Ventures led the funding. Other participants included CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, and Venture Catalysts.The company plans to use the funds to “extend its reach across multiple states and cities in India through a 200-center network,” it said in a statement. It currently has...
Filter Capital, a technology-focused investment firm run by former Warburg Pincus and Multiples Private Equity executives, has made the final close of its first fund at Rs 800 crore (about $96 million).The Mumbai-based fund, which backs growth-stage companies, received as much as 60% of the capital commitments from domestic limited partners (LPs), with the rest coming from international investors. The LPs included institutional investors and family offices such as HDFC Fund of Funds, Small...
A16z announced that it has raised a new $600 million games fund as part of a $7.2 billion raise for the venture capital company.
Customers and the industry believe that having the data, having it organized, and using the data not only for AI training but for other outcomes, is a big part of the platform story.
The FCA has pointed the finger at Neil Woodford and Link Fund Solutions for the collapse of the Woodford Equity Income fund.
In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from James Dowey, fund manager at Liontrust Global Technology Fund.
The company's initial public offering price was estimated to be between $76
Puffer Finance secures $18 million in funding round led by Brevan Howard Digital and Electric Capital. Crypto exchanges Coinbase and Kraken also invest in the Ethereum liquid restaking protocol. Puffer Finance, an Ethereum liquid staking protocol on Eigenlayer, has raised $18 million in its latest funding round. An announcement on Tuesday says Brevan Howard Digital […]
Sunrate has added Apple Pay to its global payment and treasury management platform. This new option offers the company’s commercial credit card customers a safer, more secure and private way to pay, Sunrate said in a Sunday (April 4) press release. “More and more businesses seek out for the same degree of convenience and security that they enjoy in […]