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Sebi reduces timeframe for AIFs and venture capital funds to engage in overseas investments to just four months.
Sebi, the Securities and Exchange Board of India, has taken a significant stride to accelerate overseas investments by alternative investment funds (AIFs) and venture capital funds (VCFs). The duration of approval granted to these funds for foreign investments has been streamlined, now reduced from six…
Gutter’s Data Infrastructure Gains Traction, Secures $50m Series B Funding
Gutter, a provider of data infrastructure for the construction industry, has closed a $50m Series B funding round led by Tiger Global Management. The round also included participation from existing investors Accel, Operator Collective, and BoxGroup.The funding will be used to accelerate Gutter’s growth, expand…
Straighter Teeth Are in Demand, and LightForce is Answering the Call with $80m in Funding
LightForce Orthodontics, a provider of clear aligners, has closed a $80m Series D funding round led by SoftBank Vision Fund 2. The round also included participation from existing investors Accel, GV, and Khosla Ventures. The funding will be used to accelerate LightForce’s growth, expand its…
State Street’s India Acquisition Signals Commitment to Growth Market
State Street Corporation (STT), a leading global financial services company, has announced that it will acquire full ownership of its India venture, State Street Syntel (SSTI). The acquisition will be completed through a cash purchase of the remaining 49% stake in SSTI that State Street…
Prateekk Agarwaal’s GrowthCap Ventures to Invest in 15 Startups in Next Two Years
Pratekk Agarwaal, the former Chief Business Officer at BharatPe, has launched his maiden operator VC fund, GrowthCap Ventures. The fund will focus on early-stage investments, from seed to pre-Series A rounds, in fintech, SaaS, and deep-tech startups. Agrawala has over 15 years of experience in…
NAIC and U.S. Bancorp Impact Finance Partner to Increase Access to Capital for Underserved Communities
The National Association of Investment Companies (NAIC) has announced an agreement with U.S. Bancorp Impact Finance to increase the flow of capital to diverse-owned alternative investment managers. The agreement will provide $100 million in funding to NAIC’s Diversity Capital Fund, which invests in private equity,…