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Stay updated with the latest financial news, funding developments, government policies, and insights shaping the finance sector in India.

Ola Electric IPO fully subscribed on second day amid major decline in global equities

Finance

05 August, 2024

Ola Electric IPO fully subscribed on second day amid major decline in global equities

Ola Electric's $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target ......

Early-stage investor Sauce.VC raises $43 mn in latest outing

Finance

05 August, 2024

Early-stage investor Sauce.VC raises $43 mn in latest outing

Consumer sector-focused homegrown venture capital firm Sauce.VC has hit the final close of its third fund that it had floated in ......

Carlyle's Q2 profit falls 11.7%, misses estimates

Finance

05 August, 2024

Carlyle's Q2 profit falls 11.7%, misses estimates

Private equity firm Carlyle Group reported a larger-than expected 11.7% year-on-year drop in second-quarter distributable earnings on Monday, as record ......

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Prosus India's Ashutosh Sharma on early-stage bets and potential in edtech despite Byju's

Finance

05 August, 2024

Prosus India's Ashutosh Sharma on early-stage bets and potential in edtech despite Byju's

The Netherlands-based Prosus has invested in several Indian unicorns such as Swiggy, Meesho, Urban Company, Eruditus and The Good Glamm ......

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HDFC AMC crosses halfway mark for maiden PE-VC fund of funds

Finance

05 August, 2024

HDFC AMC crosses halfway mark for maiden PE-VC fund of funds

HDFC Asset Management Company, the asset management arm of the consolidated banking entity HDFC Bank Ltd, has reached the halfway ......

Pantomath's Bharat Value Fund raises $120 mn for mid-market deals

Finance

05 August, 2024

Pantomath's Bharat Value Fund raises $120 mn for mid-market deals

India Inflection Opportunity Trust (IIOT), managed by Pantomath Capital Management, has rolled out its second Category-II alternative investment fund.  The new ......

Trifecta Capital launches fourth venture debt fund

Finance

02 August, 2024

Trifecta Capital launches fourth venture debt fund

Trifecta Capital, which provides venture debt to startups, has launched its fourth debt fund and is targeting to raise Rs ......

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Bottomline: India1 Payments shrugs UPI competition worries as FY24 revenue, profit grow

Finance

02 August, 2024

Bottomline: India1 Payments shrugs UPI competition worries as FY24 revenue, profit grow

ICICI Venture-backed India1 Payments Ltd (erstwhile BTI Payments Pvt Ltd), a leader in the white-label ATM space, reported a decent ......

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South African VC HAVAÍC marks first close of third pan-Africa fund

Finance

02 August, 2024

South African VC HAVAÍC marks first close of third pan-Africa fund

HAVAÍC, a South African venture capital fund that backs early-stage, high-growth African tech startups, has marked the first close of ......

Saudi sovereign wealth fund signs $50 bn of MoUs with Chinese firms

Finance

02 August, 2024

Saudi sovereign wealth fund signs $50 bn of MoUs with Chinese firms

Saudi Arabia's sovereign wealth fund PIF has signed six memorandums of understanding (MoUs) worth a total of $50 billion with ......