qatar investment authority

The Qatar Investment Authority (QIA) is launching a $1 billion venture capital fund of funds for international and regional venture capital funds, the sovereign wealth fund announced on Monday at the Web Summit. The program, according to QIA, seeks to attract international VC funds and startups to Qatar and the wider Gulf Cooperation Council (GCC) region, with a particular focus on the fintech, edtech, and healthcare sectors. Similar to typical fund-of-funds structures, QIA’s initiative will invest indirectly through…

Indian startups secured a total of $447 million in funding this week across 20 rounds, according to data provided by market intelligence firm Tracxn, a 124% surge compared to the same period last year, when startups had raised $188 million across 66 rounds. The funding was bolstered by late-stage investments in app development startup Builder.ai and Walmart-owned fintech major PhonePe.ETtechWhile Builder.ai raised $250 million from Qatar’s sovereign wealth fund Qatar Investment Authority (QIA), PhonePe picked up an…