Category: Startups
Transition VC opens Rs 1,500-crore Fund-II for energy-tech firms
Transition VC, which is focussed exclusively on energy transition, launched its second fund with a target corpus of Rs 1,500 crore ($150 million), more than…
Selective VCs turning more to experienced founders, says report
Senior executives who have spent years building India’s largest startups before turning into founders themselves are attracting a disproportionate share of venture capital, according to…
Colleges rushing to embed edtech AI modules to get wards job-ready
As artificial intelligence reshapes entry-level jobs, edtech companies are moving deeper into higher education, providing AI, data science, cybersecurity, and software courses that colleges are…
Paytm Q1 profit jumps 79%; board shelves bonus share proposal
Digital payments major Paytm on Monday reported a 28% year-on-year increase in operating revenue for the April-June quarter to Rs 2,448 crore, while continuing to…
Paytm board shelves bonus issue, prioritises growth and profitability
One 97 Communications, which operates fintech platform Paytm, has decided against proceeding with its proposed maiden bonus issue for now, saying it will instead focus…
Norwest, Skegen lead $40 million in Raghu Vamsi Aerospace
Hyderabad-based aerospace and defence manufacturer Raghu Vamsi Aerospace Group (RVAG) has raised $40 million (around Rs 400 crore) in a round led by growth equity…
Scapia announces Rs 20 crore Esop buyback
Travel-focussed fintech startup Scapia on Monday said that it has launched a Rs 20 crore Esop (employee stock ownership plan) buyback, allowing eligible employees to…
VCs turn attention to single-specialty healthcare
Venture capital (VC) firms are increasingly backing single-specialty healthcare startups in India, drawn by their lower capital requirements and potential for higher margins. Experts say…
Quick medicine delivery startup Plazza raises $15 million from Accel, Elevation, Nexus, others
Quick medicine delivery startup Plazza has raised $15 million in a round co-led by Accel, Elevation Capital, and Nexus Venture Partners, with participation from existing…
Robotic petals couldn’t open aboard Vikram-1 due to extreme space conditions: Cosmoserve
Hyderabad-based spacetech startup Cosmoserve Space said Sunday the robotic petals in the soft robotic capture system aboard Skyroot Aerospace’s Vikram-1 rocket couldn’t open due to…