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News
Robinhood's second fund for retail investors eyeing private markets starts trading
2+ day, 14+ hour ago (316+ words) Robinhood's second venture fund debuted on Thursday, giving retail investors access to early-stage startups that have traditionally been out of reach for all but venture capital firms and wealthy investors. The fintech company's Robinhood Ventures Fund II raised $225.5 million, which…...
Bluehill.VC closes maiden frontier-tech fund at Rs 400 crore
3+ day, 1+ hour ago (530+ words) Frontier-tech venture capital firm Bluehill.VC has closed its maiden fund at Rs 400 crore, including a Rs 50-crore greenshoe option, as investors turn to startups building technologies across defence, space, semiconductors and advanced manufacturing. The fund drew institutional backing from…...
Startup Street: The verdict is still out on India's celebrity startups
3+ day, 1+ hour ago (87+ words) Moneycontrol.com Startup Street: The verdict is still out on India's celebrity startups Celebrity involvement correlates with early traction, not long-term viability — the data, such as it is, suggests as much Moneycontrol Pro Panorama | When key executives walk away Aug…...
Billionbrains Garage Ventures shares gain 2% in today's session
3+ day, 21+ hour ago (260+ words) Billionbrains Garage Ventures stock rose by 2.00% to Rs 197.37 in Wednesday's trading session, reflecting a notable upturn in its market performance. The stock is a constituent of the Nifty Midcap 150 index. The annual income statement shows sales rising from Rs 1,141 Crore…...
Accel raises $550 million for ninth India fund, doubles down on AI
4+ day, 6+ hour ago (769+ words) Global venture capital firm Accel has raised $550 million for its ninth India-focused fund, as the investor looks to back startups across artificial intelligence, consumer, fintech, software and advanced manufacturing, partners at the firm told Moneycontrol in an interview. The VC…...
AI startup funding heats up: MStack AI in talks with Alpha Wave, Lightspeed, Prosperity7; Simplismart with Peak XV, others
6+ day, 2+ hour ago (530+ words) Funding activity in India’s artificial intelligence startup ecosystem is showing fresh signs of acceleration, with investors stepping up conversations with companies across the AI stack and existing backers returning with larger cheques. MStack to raise at least $30 million MStack AI,…...
Sarvam secures $74 million in fresh funding from Nvidia, Activate, others
1+ week, 4+ day ago (383+ words) Bengaluru-based artificial intelligence startup Sarvam has secured $74 million in fresh funding from Nvidia, Activate, Glade Brook Capital and Gaja Capital, according to filings made with the Registrar of Companies (RoC). The filings, sourced via The Kredible, showed the company allotted…...
Delhivery rejigs top deck: COO Ajith Pai to exit, Vani Venkatesh elevated to deputy CEO
1+ week, 17+ hour ago (564+ words) Delhivery is rejigging its senior leadership, with chief operating officer Ajith Pai Mangalore set to exit the logistics company and chief business officer Vani Venkatesh elevated to deputy chief executive officer. Pai, a founding member of Delhivery, will step down…...
Piper Serica raises Rs 300 crore for Bharat Tech Fund
1+ week, 2+ day ago (268+ words) Venture capital firm Piper Serica on Thursday said it has raised Rs 300 crore from investors under Bharat Tech Fund within 45 days of its launch. The Rs 800-crore Bharat Tech Fund will focus on supporting startups across semiconductors, defence, spacetech, fintech,…...
Indian startups are more cost-conscious than Silicon Valley peers: OpenAI???s Marc Manara
1+ week, 2+ day ago (584+ words) Indian startups are paying great attention to artificial intelligence (AI) costs much earlier in their growth journey than their Silicon Valley counterparts, OpenAI's global head of startups Marc Manara told Moneycontrol in an interview. The trend is particularly evident among…...