Category: Startups
Ather Energy raises Rs 1,300 crore via QIP, allots shares at Rs 1,202 apiece
Electric two-wheeler maker Ather Energy Limited has closed a qualified institutional placement (QIP), raising approximately Rs 1,300 crore by allotting 1,08,15,307 equity shares to eligible…
Spacetech startups to ride on Skyroot’s success, early investors cash-in
It was more than just an orbital launch for Skyroot Aerospace last week. The successful first mission of the Hyderabadbased startup is expected to boost…
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…