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PE, VC funds with five or fewer investors attract Sebi scrutiny

PE, VC funds with five or fewer investors attract Sebi scrutiny

by News | Sep 19, 2022 | Initiatives

Private equity (PE) and venture capital (VC) funds holding money for 5 or fewer investors have drawn the attention of the capital market regulator. Do such funds act as vehicles of family offices and promoters? Do managers of such funds come under the influence of a...
Gautam Adani becomes world’s second-richest person, shows Forbes data

Gautam Adani becomes world’s second-richest person, shows Forbes data

by News | Sep 16, 2022 | Initiatives

Beating both Jeff Bezos and France’s Bernard Arnault, Indian billionaire Gautam Adani has now become the world’s second richest person, according to Forbes Real-time Billionaires List. His wealth is estimated to be worth around $155.7 billion. He is now only behind...

BofA survey shows investors fleeing equities en masse on fear of recession

by News | Sep 15, 2022 | Initiatives

by News | Sep 15, 2022 | News | 0 comments Investors are fleeing equities en masse amid the specter of a recession, with allocations to stocks at record lows and cash exposure at all-time highs, a Bank of America Corp. survey showed....
Surge in services demand helps steady India’s economy in August

Surge in services demand helps steady India’s economy in August

by News | Sep 14, 2022 | Initiatives

India’s economy showed signs of stabilizing last month, with strong demand for services helping weather headwinds from high inflation, according to a gauge of earliest available indicators. From August, Bloomberg News has changed three of the eight indicators it uses...
LeadSquared, a SaaS startup, has raised $153 million, making it India’s 103rd unicorn

LeadSquared, a SaaS startup, has raised $153 million, making it India’s 103rd unicorn

by Capital Group | Jun 21, 2022 | Initiatives

After earning $153 million in a Series C fundraising round from WestBridge, Bengaluru-based SaaS business LeadSquared has joined India’s unicorn club. It has entered the ranks of India’s enterprise tech unicorns like Amagi, Browserstack, and Zoho. The...
FinBox, a B2B Fintech SaaS startup, has raised $15 million to expand into Southeast Asia

FinBox, a B2B Fintech SaaS startup, has raised $15 million to expand into Southeast Asia

by Capital Group | Jun 20, 2022 | Initiatives

A91 Partners led a $15 million (INR 115 crore) investment round for Bengaluru-based B2B financial SaaS firm FinBox. Along with current investors Arali Ventures, Aditya Birla Ventures, and Flipkart Ventures took part in the investment round. The funds will be used to...
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