Local Logic, a location intelligence insights provider, has secured $13m in Series B funding led by GroundBreak Ventures and Investissement Québec. The round also included participation from Band Capital Partners, an affiliate of Triovest Realty Advisors, Cycle Capital, Desjardins Group, Jones Boys Ventures, Second Century…
Venture capital (VC) funding has long been the domain of the wealthy and well-connected. But a new platform called Sweater is making it possible for anyone to invest in startups, regardless of their financial status. Sweater’s new “Public VC Funds” allow anyone to create a…
The Indian FinTech sector is booming. In 2022, the sector raised over $10 billion in funding, making it one of the most active FinTech markets in the world. This growth is being driven by a number of factors, including the increasing adoption of digital payments,…
Bollywood stars are no longer just content with being on the big screen. They are increasingly turning their attention to the world of startups, investing in and launching their own businesses. There are a number of reasons why Bollywood stars are drawn to the startup…
In a recent interview, Sanjay Swamy, Managing Partner at Prime Venture Partners, discussed the firm’s investment strategy, which includes a concentrated portfolio and a focus on early-stage startups. Swamy also talked about the challenges of exiting investments in India and the importance of building strong…
The Indian startup ecosystem is facing a number of challenges, including a funding winter, illiquid startups, and Sebi rules. These challenges are making it difficult for alternative investment funds (AIFs) to exit their investments. The funding winter has led to a decline in the number…
The Middle East and North Africa (MENA) region saw a troubled quarter for startup ventures in Q2 2023, with funding plunging 26% from the previous quarter to $1.4 billion. This is the lowest quarterly funding figure for the region since Q1 2020. There are a…
In a move to further consolidate its position in the Indian e-commerce market, Walmart has agreed to buy out Tiger Global’s stake in Flipkart for $1.4 billion. The deal, which is still subject to regulatory approval, will give Walmart a 95% stake in Flipkart. Tiger…
Templeton, a US investment giant, has announced that it is entering India’s credit market. The company has raised $15 billion for a new fund that will invest in Indian corporate bonds. Templeton’s decision to enter India’s credit market is a sign of the growing confidence…
India is increasingly becoming a hotbed for investment, as investors look to the country for its massive market potential and growing technological prowess. In the first half of 2023, India attracted $30 billion in foreign direct investment (FDI), up 30% from the same period last…
