AMIT SOMANI
Collaborative commerce platform Oyela raises Rs 14.4 crore led by Prime Venture Partners
The company said it will use the funds to develop ecommerce technology, build chatbots for selling on various platforms with public profiles like Pinterest, YouTube, Threads as well as streamline the supply chain to help people set up and expand their own Instagram stores.
Zepto CEO's big sales target; sustainable ventures in focus for public markets at ET Startup Awards 2023
India's newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
Debt fund managers decode RBI policy for investors
"RBI would target Inflation rate of 4% and not 2%-6% range, again signals the policy rates to remain higher for longer until Inflation is projected to come below 4%. RBI’s sharp focus on bringing down inflation is positive for markets in the medium-to-long term," says Amit Somani, Senior Fund Manager – Fixed Income, Tata Asset Management.
India 10-year bond yield sees biggest rise in 14 months on RBI’s OMO sales plan
“The timing and quantum of such operations will depend on the evolving liquidity conditions,” Das said. In the last policy meeting, RBI imposed an incremental cash reserve ratio (I-CRR) of 10%, which impounded about Rs 1.1 lakh crore from the banking system. The I-CRR was reviewed on September 8 and the central bank decided to discontinue the same in a phased manner, ending on October 7.
'Modi hai to Mumkin hai': Ram Temple, Article 370 couldn't have been possible without BJP govt, claims Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath claimed that the construction of temple would not have been possible under a Congress government at the Centre. Adityanath said the time has come to fulfil Mahatma Gandhi's wish of dissolving the Congress and maintained the Opposition party was not capable of protecting the country.
"Target Maturity Funds help investors lock in a particular yield," says Amit Somani of Tata MF
"Investors seeking to capture current yields in a tax efficient manner, with the comfort of predictability can Invest in Target Maturity Funds," says Amit Somani, Tata Mutual Fund
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Tata Mutual Fund launches CRISIL-IBX GILT Index – April 2026 Index Fund
The exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter.
Global venture funding set to fall 19% in Q2 2022: report
Number of deals is projected to drop by 22% from the previous quarter.
Plan for the worst, cut costs, extend your runway within 30 days: Y Combinator tells founders
The missive sent on Wednesday read, “ the safe move is to plan for the worst. If the current situation is as bad as the last two economic downturns, the best way to prepare is to cut costs and extend your runway within the next 30 days. Your goal should be to get to Default Alive.," the note sent to founders earlier today said.
Luna investors’ wealth wiped out: What cryptocurrency investors should do
Luna’s problems are rooted in the fall of its sister coin Terra. The algorithmic stable coin is supposed to maintain a one-to-one peg against the US dollar but slumped nearly to $0.26 to the dollar on Wednesday night after the complex mechanisms that are supposed to hold the dollar peg failed leading to the UST crash. A good number of Indian crypto investors were holding Luna in their portfolios.
Agritech startup Poshn raises $3.8 million funding led by Prime Venture Partners
Poshn plans to use the fresh capital to grow aggressively and hire across tech and business functions.
Prime Venture Partners raises $120 million towards final close of fourth fund
Prime Venture Partners has backed companies such as Quizizz, PlanetSpark, MyGate, Dozee and WheelsEye.
Sebi lifts restrictions on 10 entities in Zee Entertainment insider trading case
They were alleged to have traded in the scrip of the firm while in possession of unpublished price sensitive information (UPSI) pertaining to audited financial results of ZEEL for the quarter ended June 30, 2020.
Foundation PE buys out LPs of Prime Venture Partners’ first fund
Foundation Private Equity (FPE), an Asia-focused secondary fund, has bought out all investors in early stage venture capital firm Prime Venture Partners’ first fund, extending the fund’s life by four years.
PlanetSpark bags $13.5 million in funding led by Prime Venture Partners
The company said it will use the funding for product development, hiring senior leadership and for global expansion.
Park+ gets $25 million from Sequoia, Matrix, Epiq and others
With this capital infusion, Park+ is planning to scale its market share of cars from 6% to 15% in the next three quarters along with geographical expansion.
Anar B2B app gets seed funding from Elevation Capital, Accel India
Anar, a business-to-business networking app for small and medium enterprises, will use the funding from Elevation Capital and Accel India for building the product and hiring across functions.
Prime Venture Partners raises $75 million towards first close of fourth fund
Prime Venture Partners, which typically invests $500,000 to $1 million in early-stage startups, might increase the ticket size with the fourth fund amid record fundraising by Indian startups.
AI job search firm Hiration gets Rs 21 crore
The company plans to use the fresh capital to further develop its product, scale its operations in India and the US
Sebi orders attachment of bank, demat accounts of 19 entities to recover penalty amount
The recovery proceedings have been initiated against the entities after they failed to pay a fine imposed on them for violating securities market norms in different matters.
PM Modi to attend FICCI's virtual 93rd annual general meeting
The commerce and industry chamber’s flagship event will also be attended by global business leaders like Satya Nadella, CEO, Microsoft, Peter Diamandis, CEO, Zero Gravity Corporation and David Prior, chairman, National Health Services England.
ICMR nod to pvt hospital to try plasma therapy for COVID-19 patients
This was stated by the Drugs Controller General of India in a letter to to HCG Bangalore Institute of Oncology Speciality Centre. The permission was granted on Monday under the provisions of New Drugs and Clinical Trial Rules, 2019.
Tata Mutual Fund launches banking and PSU debt fund
The scheme will be open for subscription till October 3.
Startups with global operations attract funds from Indian venture capital firms
It’s not only overseas entrepreneurs who benefit from taking a far-sighted approach, Indian investors too gain in return by taking calculated risks.
These online budget hotel startups swear by the full inventory model
The online budget room space, it seemed, was getting cramped, and there was no room for people like Gupta who had embraced a full inventory model.
CarDekho acquires virtual reality startup Volob Technologies
This is the eight such transaction entered into by its parent company GirnarSoft, which has emerged as one of the most active players in the Indian startup M&A leaderboard over the past 18 months.
Prime Venture Partners raises Rs 300 crore fund
Prime Venture Partners, the seed stage fund formerly known as AngelPrime, has raised Rs 300 crore in a funding round led by Palo Alto-based The Social+Capital Partnership
Is shutting your website to go mobile a wise decision?
Myntra’s decision in favour of a mobile app-only presence was based on the fact that by April, nearly 90% of its traffic and 70% of its business was coming from mobile phones.
MakeMyTrip's Amit Somani joins AngelPrime
Shripati Acharya, managing partner, AngelPrime commented, “Amit Somani is one of the best product minds in India”.
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