The capital raised will be used for geographical expansion, accelerate product growth and innovation, invest in additional sales and marketing resources and evaluate strategic acquisition opportunities.
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Tag: Nandan Nilekani
IFC invests $10 m in Power2SME to lift SME sector
International Finance Corporation (IFC), a member of the World Bank Group, has invested $10 million as equity in e-commerce platform Power2SME that helps small and medium companies buy raw materials at bulk prices. Power2SME is backed by venture capital firms such as Kalaari Capital, Accel Partne…
Building company a marathon, not a sprint: Nandan Nilekani
Bengaluru: Values and perseverance, ambition and vision are attributes that entrepreneurs must possess in plenty, according to a galaxy of stalwarts who gathered to celebrate the spirit of enterprise at India’s de facto startup summit in Bengaluru on August 18. Even as they lauded the role …
Encouraging signs of more domestic capital in the start-up ecosystem: Nandan Nilekani
Bengaluru: At a time when foreign capital primarily continues to fund India’s startup ecosystem, Nandan Nilekani, former chief executive of Infosys Technologies, pointed out that there were signs that domestic investors were beginning to weigh in as well. The architect of Aad…
Nandan Nilekani & Sanjeev Aggarwal float $100m tech fund to back mid-stage start-ups
Infosys co-founder Nandan Nilekani and venture capitalist Sanjeev Aggarwal have launched a $100-million venture fund to back mid-stage start-ups that solve unique Indian problems in the consumer technology space. While Nilekani is looking to back companies that target India’s domestic economy, he…
Helion’s Rahul Chandra floats a $100 m venture capital
Helion Venture Partners’ Managing Director Rahul Chandra has floated a new venture capital called Unitary Helion, which is planning to raise a $100 million fund focused on deals in the financial technology space. The move comes as Helion Venture Partners, which raised over $600 million back…
Start-ups will be the force multiplier to catapult country into a $10 t economy by 2030: iSpirt
India, which is in the midst of a startup boom, is ready to retake its place as a top five global economy by 2030, when its gross domestic product will cross $10 trillion. Sanjay Anandram, Advisor at iSpirt, a think tank for the Indian software products industry, said India is optimising to empow…
Logistics start-up Fortigo raises $10mn Series A from existing investors
Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani, according to regulatory filings sourced from data platform Tofler. Fortigo co-founder Vivek Malhotra, who s…
ShopX enters into strategic tie-up with Puma
New Delhi: Digital offline platform ShopX has entered into a strategic tie-up with Puma, which would help the German sportswear firm scale up its footwear business in tier II markets. Puma will leverage ShopX’s digital offline model to scale up its footwear business and help it establish pr…
Nandan Nilekani teams up to set up VC firm to fund mid-stage start-ups
Bengaluru: Infosys Co-Founder and Aadhaar architect Nandan Nilekani is teaming up with venture capital investor Sanjeev Aggarwal to set up an investment firm that will back midstage startups, according to four people aware of the plans. The fund, with a corpus of at least $100 million, will consi…