fund

Early-stage venture capital firm Navam Capital has announced the first close of Navam Venture Fund I with commitments totalling Rs 50 crore from family offices, corporates and ultra-high net worth individuals.“With a target fund size of Rs 250 crore, the fund aims to invest in intellectual property-rich ventures translating science and engineering breakthroughs into differentiated products and services,” Navam Capital said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT…

GetVantage, an alternative-financing fintech platform, announced the launch of its Rise-Up Fund, dedicated to supporting women entrepreneurs businesses with inclusive capital. This non-dilutive fund with an initial corpus of Rs100 crore and aims to deploy the capital in the next 12 months to help over 400 women-led businesses scale up.GetVantage will disburse the funds through its own NBFC GetGrowth Capital, along with Varanium’s Debt Fund partnership, among other NBFCs and AIFs.Elevate Your Tech Prowess with High-Value…

Israeli venture capital fund OurCrowd said on Tuesday its new artificial intelligence (AI) fund was collaborating with Nvidia to fast track some of its AI startups into the Nvidia Inception programme.Inception helps startups evolve faster through cutting-edge technology, connecting with venture capitalists, and having access to the latest technical resources and tools from Nvidia.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM…

Another bum note from Hipgnosis Songs Fund. The investment trust managed to put the decimal point in the wrong place in its much-anticipated announcement of what a new valuer thinks its catalogue of songs from acts such as Blondie, Red Hot Chili Peppers and Shakira might really be worth. It meant 92p a share, but said 0.92 pence a share. A correction followed.The correction that long-term shareholders must dearly wish for is that Hipgnosis had never come to the stock market in the first place in 2018. Against a starting…

Flipkart Internet, the marketplace arm of Walmart-owned ecommerce firm Flipkart, received a cash infusion of about Rs 924 crore ($111 million) in two parts from its related entities based in Singapore in January, regulatory filings with the Registrar of Companies (ROC) showed. Flipkart has a number of units in India that run a variety of businesses like logistics and the ecommerce marketplace. The fresh capital came from the firm’s related Singapore-based entities on January 8 this year. Two resolutions to infuse capital…

Ahead of a US court hearing on the whereabouts of the $553 million funds Byju's had parked in an American investment firm, the edtech company on Sunday evening said its subsidiary in the US remains the beneficial owner of the fund. On Saturday, Byju's stated that it had no money to pay salaries to employees after just-raised funds through the rights issue were locked (in a separate account) after a dispute with investors. It is not clear if Byjus is the beneficial owner of $533 million, then why it could not use them for…

ChatGPT-maker OpenAI is looking to fuse its artificial intelligence systems into the bodies of humanoid robots as part of a new deal with robotics startup Figure.Sunnyvale, California-based Figure announced the partnership Thursday along with $675 million in venture capital funding from a group that includes Amazon founder Jeff Bezos as well as Microsoft, chipmaker Nvidia and the startup-funding divisions of Intel and OpenAI.Figure is less than two years old and doesn’t have a commercial product but is persuading…

Last night, for an evening hosted by StrictlyVC, this editor sat down with Trae Stephens, a former government intelligence analyst turned early Palantir employee turned investor at Founders Fund, where Stephens has cofounded two companies. One of these is Anduril, the buzzy defense tech company that is now valued at $8.4 billion by its investors. The other is Sol, which makes a single-purpose, $350 headset that weighs about the same as a pair of sunglasses and that is focused squarely on reading, a bit like a…

Myntra received a $54 million fund infusion from parent Flipkart, at a time when the online fashion platform is witnessing intense competition from Reliance’s Ajio and Tata Cliq.According to regulatory filings made in Singapore, Myntra’s holding company, FK Myntra Holdings Pvt Ltd, received the fund in January, making it the second investment from Flipkart in a year. Flipkart had infused $105 million into Myntra in March 2023.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School…

Credit: Pixabay/CC0 Public Domain Southwest Airlines is buckling down on its environmental goals with a $30 million investment into a sustainable aviation fuel technology provider and launching a new subsidiary dedicated to it.…