Prorata Secures Undisclosed Strategic Investment from Hindustan Media Ventures Limited, Propelling India’s First Fractional Car Ownership Platform to New Heights
Prorata, a Bangalore-based start-up, has announced a strategic investment from Hindustan Media Ventures Limited (HMVL), further accelerating the growth of India’s first fractional car ownership platform. The funding underscores the company’s innovative approach to revolutionizing how Indians experience premium, luxury, and off-road vehicles. Revolutionizing Car Ownership in India Founded by visionary entrepreneur ......
Sahyadri Farms raises $46 mn, adds new investors to cap table
Farmer led-Sahyadri Farms Post Harvest Care ushered in new foreign impact investors to its cap table as it raised Rs 390 crore (approximately $46 million) as part of its second round of funding. Europe-based private equity fund responsAbility and US-based PE fund GEF Capital Partners have invested Rs 390 crore in ......
Zoomcar to launch cab rental product to test demand in larger market
Zoomcar will launch a chauffeur-driven cab rental product in the southern Indian city of Bengaluru as it looks to test the waters in a larger part of the transportation market, the self-drive car-sharing platform told Reuters on Friday. The move comes months after the cash-strapped company terminated co-founder Greg Moran as CEO ......
MENA Digest: UAE startups lead funding activity; CredibleX, Anghami secure $55 mn each
UAE tech startups led funding activity in the Middle East and North Africa region this week, raising growth capital to expand their businesses. While Web3 banking startup Klickl raised double-digit growth funding, fintech CredibleX secured a mix of equity and debt capital to scale its business. Other startups that raised ......
Avendus set to hit first close of third late-stage investment fund
Mumbai-based investment banking and asset management firm Avendus Capital is set to hit the first close of its third alternative investment fund for private market deals, a person with direct knowledge of the matter told VCCircle. The firm could announce the first close of the Avendus Future Leaders Fund III, which ......
How Flam’s App-less AI Infra Is Transforming Content And Digital Ecosystem
The last three decades of the internet saw content evolve from text to images to videos and short-form content, which saw the rise of modern day giants such as Youtube, Meta, Tiktok capturing audiences like never seen before and fundamentally transforming our lives. Creators, brands & audiences haven’t been able to ......
Best Fixed Depssosit options to achieve your Financial Goals
If you are searching for a safer-sound investment practice with minimal risk, then Fixed Deposit (FD) is a very good option. Selecting the one that fits your financial objective can be costly for several FD schemes available in the market. This post takes you through some crucial points to be ......
Italy's FILA sells 4.6% stake in Indian unit DOMS
Italian stationery maker FILA has completed the sale of around 4.57% of the outstanding shares in its Indian unit DOMS, raising the equivalent of 90.9 million euros ($94.6 million), it said on Thursday. Through an accelerated bookbuilding process, FILA sold around 2.7 million shares at 2,879.29 Indian rupees ($33.84) each, equal ......
Beyond Capital backs Clinikk, Fasal; Seekho, five other startups get funding
Venture capital firm Beyond Capital Ventures said Thursday it has completed deployment from its second fund with investments in Indian startups Clinikk and Fasal while six other startups including fintech firms QuID Cash and Curie Money and edu-tech startup Seekho said they have secured early-stage funding. Beyond Capital Ventures BCV, a women-led ......
Grapevine: TVS Credit, Avendus, Haldiram, Aragen, Yotta in news
Another investor has joined the race to buy KKR's stake in Avendus, while a top US-based private equity firm is leading the bidding to buy a slice of Haldiram, according to media reports. Also in news, contract drugmaker Aragen is onboarding a Singapore-headquartered investor to its cap table and Yotta ......
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