Article on September 08, 2023
Venture Catalysts Makes Partial Exit From Cusmat, Bags Over 4.2x Returns
Venture Catalysts had first invested in Cusmat’sseed round in 2020 and took an exit in the USD 3.5 million Series A round that the startup raised in February 2023 from Arkam Ventures, others
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Certa Secures $35mn In Series B From Fin Capital, Others
The company will use the funding to bolster its go-to-market engine, expand its reach into new high-growth markets like the EU, and accelerate adoption
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Biomaterials Startup AltM Secures $3.5mn From Omnivore, Others
altM is Omnivore’s first investment from its third fund, which recently had a first close at USD 150 million. This is also the firm’s fourth investment under its OmniX Bio initiative
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Zepto Elevates Ankit Agarwal To Chief Product Officer
Ankit Agarwal, CPO, Zepto, shares, “We're not following trends; we're setting them. I'm excited to be part of that team that is revolutionising commerce in India"
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‘Zepto Will Always Be Grocery-first’
Amidst the deepest downturn, the company secured $200 million at a $1.4 billion valuation whereas the pre-IPO round is yet to take place as the startup plans to go public in the first half of 2025
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Ex-Swiggy CTO Dale Vaz Secures Seed Funding For Its New Venture Aaritya
On Thursday, Swiggy’s senior vice president (SVP) of revenue and growth Anuj Rathi confirmed his exit too
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AI Startup Imbue Raises $200mn At Over $1bn Valuation
The funding round included participation from Astera Institute and Nvidia, at a valuation of over USD 1 billion
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After Zerodha, Groww Receives SEBI Approval For Its First Index Fund
Lalit Keshre, Co-founder of Groww, announced this development on social media platform X (formerly known as Twitter), stating, “Groww Mutual Fund got approval for its first NFO – Groww Nifty Total Market Index Fund"
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Naredco Maharashtra Launches Rs50cr RealTech Fund
“The developers have initially committed a corpus of Rs 50 crore, which will be further scaled as per the response to the fund,” Naredco said in a statement
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Indian Fintech Serves Global Demand, Says MoS Finance
Underlining the government's fintech-driven initiatives such as the Jan Dhan Scheme and the JAM Trinity, Karad said they have had a positive impact on over 50 crore individuals, with the total deposit exceeding Rs 2 lakh crore
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