New ventures help office-goers sail through commuting chaos
Startups focus on carpools, buses and corporate services to make ride to work peaceful.
Venture Highway raises Rs 560 crore for second fund
The maiden fund, whose corpus has not been disclosed, was anchored by Sood and Neeraj Aro...
Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture
Italian-American automaker Fiat Chrysler and the parent of iPhone assem...
Wipro announces $150 million second venture fund
Buoyed by the success of its first $100 million fund launched in 2015, Wipro Ventures would continue to invest in early to mid-stage companies building innovative enterprise software solutions across key areas, including cybersecurity, application development, analytics, cloud infrastructure, test automation, and artificial intelligence, said the company.
Wipro Ventures sets up $150 mln Fund ll to invest in enterprise software cos
More than 100 of Wipro's global customers have benefited by deploying solutions from these portfolio companies. Companies within the portfolio have seen successful exits, including Demisto, a cybersecurity company that was acquired by Palo Alto Networks.
Jaiprakash Power Ventures to exit insolvency process
The outstanding debt of the Jaiprakash Associates group company has reduced to less than Rs 6,000 crore, from more than Rs 11,000 crore, following the restructuring. The terms involve an interest write back of about Rs 2,000 crore that will help the company report a net profit this fiscal, people in the know said.
Jeff Bezos shares insights on taking risks for a venture, says Amazon 'best place to fail'
Stating that he believes failures through experiments can sometimes lead to innovation of new things, Bezos also pointed out that operational excellence failures exist and those should be avoided.
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
One of Uber’s most powerful women leaves to start a VC fund
Just 12% of startup investment firms in the U.S. have women in decision-making roles with the power to write checks.
Siemens arm debuts in Pando’s $9 million round
Angels including VMWare India MD Ramkumar Narayan, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in the round.
Mamaearth’s parent company gets Rs 130 crore
The company has raised Rs 162 crore since inception. ET had earlier reported that Mamaearth was in talks to raise $10 million from Sequoia Capital.
Kerala CM announces wage subsidy scheme for new ventures
“The investment climate prevailing in the state is most conducive. This is especially significant at a time when certain parts of the country and the world are in the grip of tension and anxiety. Here is an ideal destination where investment can be made in diverse sectors without having any tension or anxiety,” the chief minister said.
SoftBank in talks to sell stake in Indian renewable energy venture
The group is looking at a partner that can provide equity commitments of $1.5 billion to $2 billion to execute and complete a pipeline of 7 gigawatts of renewable projects around the world.
T-Hub, LetsVenture announce first batch of startups for T-Angel
The batch will undergo regular interventions through boot camps and dedicated mentoring to build a strong investment case, which will also help them to raise capital.
Escrowffrr raises $150,000 from Inflection Point Ventures in Pre-Series round
The company currently is focused on real estate and plans to utilize the funds raised through IP Ventures to grow their escrow business beyond real estate as a category, the investor said in a release.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service