IAN INVESTMENT
Zypp Electric raises $15 million from Japanese firm Eneos for India expansion
Zypp Electric confirmed funding from Eneos as part of a larger $40 million round. Existing investors like 9unicorns and IAN also participated in the fundraising. The company's revenue increased threefold to Rs 325 crore in 2023-24.
India stands out for EM investors in ageing world
The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries' economies.
PhonePe retreats from ecommerce on ONDC; Good Glamm versus IAN
PhonePe has returned to the drawing board to review its ecommerce strategy. This and more in today’s ETtech Top 5.
Good Glamm initiates arbitration against portfolio company investor IAN: sources
Legal issues have intensified for Good Glamm group as disputes over payments and investments have emerged. The company has initiated arbitration against Indian Angel Network, which served Good Glamm with a default notice. The company has also been facing senior executive exits and cost-cutting measures that led to laying off 150 employees.
Volvo invests in, taps Breathe Battery tech for 30% faster EV charging
Volvo Cars invests in Breathe Battery Technologies to reduce charging time by 30% in its EVs. Breathe's software ensures full power charging without altering battery chemistry, addressing a major challenge for automakers. Breathe's software provides visibility on individual cells, extending battery life.
Adani arm acquires majority stake in IANS India
In a regulatory filing, billionaire Gautam Adani-controlled Adani Enterprises said the stake comprised Category I and II shares with voting and non-voting rights, respectively. The remaining 49.5% stake will be held by Sandeep Bamzai, also the CEO and Editor-in-Chief of IANS.
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Indian Angel Network's Alpha Fund announces first close at Rs 355 crore
Marquee investors of the IAN Alpha Fund include Small Industries Development Bank of India (SIDBI), SRI Fund, and several existing investors from IAN Fund I.
mirrAR.com raises Rs 13 crore investment to innovate beauty & jewellery segment with AI solutions
With a current employee strength of 30, the company now has 50 plus clients including Tanishq Jewellery, Forevermark, Titan watches and more.
AI fantasy fades as Wall Street reels from real-world rate jump
The recent increase in borrowing costs across Corporate America is causing concern for stock investors, particularly in the tech sector. Federal Reserve Chairman Jerome Powell's commitment to keeping interest rates adjusted for inflation elevated has sparked a sell-off in Big Tech stocks. The rising cost of capital is seen as detrimental to equity valuations, and skepticism is growing as the cost of borrowing climbs. Higher rates are pressuring companies and threatening to impact their valuations. The tech-heavy Nasdaq 100 has already dropped over 5% in September.
Emkay Investment Managers appoints Manish Sonthalia as Chief Investment Officer
A qualified chartered accountant and company secretary, Sonthalia served as an Executive Director and CIO for PMS, Alternates, and Offshore Investments in Motilal Oswal AMC and managed assets worth nearly Rs 6,500 crore
Parineeti Chopra turns entrepreneur with strategic investment in Clensta
Clensta offers a range of health and personal care products in the wellness, hair care, skincare, eye care, lip care and body-care categories.
Chess tournament: World championship minus the champion
The upcoming World Chess Championship in Kazakhstan will proceed without Magnus Carlsen, who decided to voluntarily relinquish his title after 10 years. The absence of the world's number one player has raised concerns that the championship has now lost some of its legitimacy. Former world champion Garry Kasparov described the upcoming match between Ian Nepomniachtchi and Ding Liren as less compelling, stating that a true world championship should involve the strongest player on the planet.
Odisha receives investment intent worth Rs 26K crore at business meet in Tokyo
The Indian state, Odisha, received investment intents worth over INR260bn ($3.5bn) during the Odisha Business Meet held in Tokyo on Wednesday. Officials said industries from Japan's logistics, green energy equipment, IT and metal ancillary sectors were among those who made investment commitments. Addressing investors, Odisha Chief Minister Naveen Patnaik said his state's abundant natural and human resources, progressive policies and strong governance provided a "unique ecosystem".
Indian Angel Network closes its second fund of Rs 1,000 cr
The Alpha Fund will deploy the capital in sectors including cleantech and environment, health tech, agritech, edtech, fintech, and emerging sectors like web3, space-tech, among others.
Hurricane Ian: More dangerous hurricanes, giant storms are predicted, say reports
Millions are being invested in predicting storms, but the general feedback is that storms are getting nastier every year. This is due to climate change, which is caused by human activity, according to reports.
After several rejections, a 100-km cycle ride with investors helped Anil Agarwal with Vedanta LSE listing
The Vedanta boss often treated investors to delicious Indian food.
IAN leads Rs 3.85-crore investment round in QwikSkills
QwikSkills plans to use the investment funds to enhance its workforce and hire a team of cloud experts, developers, sales and marketing teams for B2B and corporate sales, with a vision of acquiring a major percentage of B2B markets.
Alia Bhatt-backed Phool raises $8 million in funding from Sixth Sense Ventures
The round also saw participation from existing investors, Bollywood actor Alia Bhatt and IAN fund, a statement issued by the company said. The home fragrance category is estimated at $3.2 billion.
Alia Bhatt-backed Phool makes incense sticks from discarded temple flowers. It now wants to make vegan leather
First, it found a way to tackle pollution and make a profit from waste. Now, the social enterprise is betting big on “fleather” and aims to position it as a viable alternative to animal leather.
Sirona Hygiene raises $3 million led by NB Ventures, IAN Fund
Sirona aims to break the stigma around menstrual hygiene with innovative products
Tweet Buster: Bet on out-of-favour ideas; Ian Cassel's investing gems
PMS fund manager Basant Maheshwari said the more popular a stock is, the less likely it is going to move.
Indian Angel Network plans to invest over Rs 100 crore in startups in 2021
IAN co-founder Padmaja Ruparel said that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space.
Tweet Buster: Investing lessons from cricket; Ian Cassel-style microcap ideas
Kochi-based ace investor Porinju Veliyath said the valuation gap between big stocks, that are chased by funds, and good stocks, thrown away by funds, is too big to ignore.
Tweet Buster: The perils of copy-paste investing. Plus, other gems from Ian Cassel
Asking investors to focus on their own goals, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, said FIIs buy for their own reasons.
Tweet Buster: Is it time to cash out your investments? Plus, stock picking tips from Ian Cassel
In today's edition of Tweet Buster, top investors share their market projections, how to pick the right stocks and tide over the market volatility.
Bizlog raises Rs 12 crore from IAN fund
With this funding, the company plans to further develop the technology, create a roadmap to onboard new verticals and expand the business pan India over the next few years
Tweet Buster: Investing vs gambling, and other gems from Ian Cassel
Microcap investor, author and founder of Micro Cap Club Ian Cassel shares investing lessons that can go a long way in giving you an edge.
IAN Fund invests Rs 15 crore in e-scooter startup Zypp
"We are also looking to expand our geographical footprint across NCR along with 5 other Indian cities, and then to South East Asia and Europe. The plan is to have 20,000 scooters on the road by end of 2020,” said Rashi Agarwal, cofounder, Zypp,in a statement.
IAN & IAN Fund invests in waterless personal hygiene startup Clensta
Clensta has been working towards creating innovative healthcare solutions to make waterless personal hygiene accessible for anyone, anytime and anywhere.
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