What are balanced funds?
Before the Sebi categorisation and rationalisation of mutual fund schemes in October 2017, most investors and advisors used to refer to equity-oriented hybrid schemes as balanced schemes.
Circumventing FDI rules: Chinese investors can still invest in Indian companies
Firms looking to raise funds from Chinese investors are explo...
PolicyBazaar arm cuts over 1,500 jobs
Owing to the coronavirus impact, other unicorns and large startups like Oyo, Curefit, Swiggy, Ola, and ...
Uber sees grocery delivery sparking its next wave of growth
Grocery delivery is an area that has seen rapid growth following the Covid-19 outbreak.
Grofers is in talks to raise $60-70 million
The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.
Toch raises over $400,000 in pre-Series A bridge funding round
Proceeds from the pre-Series A bridge round will be used by it to develop its technology infrastructure and further scale up its team, the Mumbai-based company said in an official statement.
Elderly care startup EvrCare offers support to Kolkata's senior citizens affected by Amphan
Apart from connecting people over phone, their executives also deliver essentials and facilitates teleconsultaion with doctors. In case of emergency, they also offer hospital transfer service.
DPIIT told to expedite funds for Covid-19 related startup ideas
Fund of Funds does not directly invest in startups but provides capital to Sebi-registered Alternative Investment Funds (AIFs) known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments.
MedGenome secures $55 million funding led by LeapFrog Investments
MedGenome plans to use the funds raised to expand clinical genomic testing to India's tier-2 and tier-3 towns and cities, as well as towards accelerating its drug discovery programs.
Oyo Hotels & Homes appoints new independent member in its board
Alstead most recently served as chief operating officer at Starbucks Corporation and is the founder, president, and CEO of Ocean5 and Table 47 both located in Gig Harbor, Washington.
In the battle of electric-trucks, it is Nikola vs Tesla
The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014.
Robot food startups have a new pitch: No humans touch your lunch
Before the pandemic, robot-prepared food companies were a hit with investors, but ambitious sales goals didn’t materialize.
Zoho's large client wins may offset decline in SME business due to COVID-19
“Up to 45% of our revenues come from the US – you can see immediately what it can account for us,” Sridhar Vembu, the founder and CEO of the Chennai-based firm said. “Having said that, some of the larger organisations seeking savings at this time are switching over from other player... On balance, we are definitely seeing declines, but not as hard as we expected,” Vembu added.
SoftBank to write down WeWork by $6.6 bln, compounding portfolio misery
SoftBank is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer agreed when it bailed out the office-sharing firm following a flopped IPO attempt last year.
Unicorn closes 2nd fund at Rs 90 crore
Fund-II, which has a target corpus of Rs 400 crore, has been backed by a number of family offices and investors from the firm’s maiden Rs 100 crore fund.
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