Venture capital firms have been active in India since 2006. Yet, even after pouring more than $19 billion into Indian start-ups over more than a decade, most venture capitalists (VCs) have struggled to get attractive returns on their investments. Now, VCs will have to increase their focus on comi…
Tag: Investment
Enhance credit absorption capacity of weaker sections, RBI tells financial intermediaries
The Reserve Bank of India wants financial intermediaries such as banks and non-banking finance companies to focus on a ‘3x3x3’ matrix so that small and marginal farmers, micro and small enterprises (MSEs), and low-income earners in the unorganised sector are financially included. Speaking at a BR…
Carpediem Capital leads investment of $6mn in mobile repair Co. GadgetWood
On-demand repair services & refurbishment company GadgetWood raised approximately $6 million in funding from Carpediem Capital, an India-focused private equity fund, and its investors. Abhishek Sharman, Founder and MD of Carpediem Capital, will be joining the board of the company as part of t…
Kotak Mahindra Bank starts Innovation Lab, open to investing in startups
Private sector lender Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups, a senior company official has said. “We started an ‘Innovation Lab’ recently whic…
Infosys invests in second cloud computing start-up in Israel
Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 mi…
Raghubar Das announces maiden investment campaign ‘Momentum Jharkhand’
The Government of Jharkhand has launched its maiden investment promotion campaign branded ‘Momentum Jharkhand’. Meant to promote a ‘Digital Jharkhand’, the event opened with the unveiling of the brand logo and launch of the campaign website momentumjharkhand.com. Addressing delegates, Chief Minis…
India considers Venture Capital Funds to discharge offsets
Overseas defense companies could invest in select Indian Venture Capital Funds (VCF) to discharge compulsory defense offsets if a proposal, currently under consideration, is implemented by the Indian Ministry of Defence (MoD), according to a Senior Ministry Official. Investments by overseas compa…
Only 5-10% start-ups globally will become large | Kris Gopalakrishnan, Infosys Co-Founder
Infosys Co-Founder and former CII President Kris Gopalakrishnan on July 18, said almost seventy per cent of start-ups globally will fail and only five to ten per cent will become large and scale up. “Almost seventy per cent of start-ups will fail. About 20 per cent will survive but will not…
Industrialists seek revision in investment limit for MSMEs
Even as inflation has soared to a new high, the Union government has not revised the investment limit for the Micro, Small and Medium Enterprises (MSME) for many years. Entrepreneurs say it has resulted in hindering its necessary expansion and modernisation of its machineries to compete with the …
Ajay Piramal buys ‘marginal’ stake in Chennai-based cab aggregator Utoo
Billionaire investor Ajay Piramal has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on July 11. Utoo, which was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasan…