The answer is blowing in the wind
The George brothers’ Avatar small wind turbine is generating electricity for troops in Leh
Northern Arc raises ₹910 crore
Northern Arc Capital, a non-banking finance company, has raised about ₹910 crore ($130 million) from IIFL Special Opportunities Fund and its series managed by IIFL Asset Management Ltd, SCPE (Standard Chartered Private Equity) and Affirma Capital. With this, Northern Arc Capital has raised about ₹1,400 crore ($200 million) in equity. After this transaction, existing investors Dvara Trust, LeapFrog Investments and Accion will partially sell their stake in the company. Northern Arc, which facilitates the flow of debt capital to under-served sectors, will use the fresh capital to grow its existing business and pursue new opportunities.
Bigbasket secures ₹1,040 crore
Online grocer Bigbasker has raised about ₹1,040 crore ($150 million) in a Series F round of funding, taking it into the Unicorn league. Korean investment firm Mirae Asset, Alibaba.com and UK's CDC Group plc participated in this round.
SoftBank invests in Delhivery
Logistics company Delhivery has raised about ₹2,770 crore ($400 million) in a round led by SoftBank Vision Fund. Existing investors Carlyle and Fosun have participated in this round. Delhivery, which broke into the Unicorn club with this round, will use the money to increase its reach to cover more areas, grow e-commerce market share investment and expand its supply chain platform to enterprise customers and small and medium enterprises.
BeatO gets ₹12 cr in pre-Series A
Delhi-based health tech start-up BeatO has raised ₹11.75 crore in a pre-Series A round. Orios Venture Partners led the round with participation from existing investors Blume Ventures, Leo Capital and Vishal Sampat. The company, which focusses on meeting the end-to-end needs of diabetics, will use the money to increase its user base, expand the product line and on improving the platform.
₹80-cr funding for Veritas Finance
Veritas Finance Pvt Ltd, a non-banking finance company focussed on lending to micro and small businesses, has raised ₹80 crore through non-convertible debentures, from Microfinance Initiataive for Asia Debt Fund and BlueOrchard Microfinance Fund.
Omidyar announces ₹16-cr grant
Omidyar Network India has given a ₹16- crore grant for a multi-organisation research consortium that will focus on issues linked to secure rights to assets. The grant will fund Brookings India, National Council of Applied Economic Research and National Institute of Public Finance Policy to develop solutions to address challenges in providing secure access to land, housing and property rights.
The George brothers’ Avatar small wind turbine is generating electricity for troops in Leh
The Spanish flu (1918) devastated a port city like Mumbai. Could the lessons help as we brace for a second ...
Though the number is still woefully small, the good news is that more Indian companies are auditing their ...
Post-pandemic, airlines may have to combine punctuality with heightened passenger services, including safety, ...
Reading continuation chart parttern will tell you
The NSC, PPF and Sukanya Samriddhi are good options
Banks will revert to old NPA reporting format, which may impact their financials
Await cues from global market for further direction
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
The iconic punk rock band took a whole generation along as they toured the globe for 22 years
On April 10, 1970, Paul McCartney announced that he was leaving The Beatles for ‘personal and professional ...
A model rehabilitation project for 100 families of rescued bonded labourers kicks off in Tiruvannamalai, ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor