NIKHIL KAMATH MANYAVAR FAMILY OFFICE
ETtech Deals Digest: Startup funding rises 97% YoY to $242 million this week
Startups mostly at the late and early stages, raised funds through 18 rounds, compared to 43 in the same period last year, when they raised a total of $123 million, according to data from Tracxn.
Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO round
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Brands by scions attract VC money; Ola Electric layoffs
Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in today’s packed edition of ETtech Morning Dispatch.
VC funds take a shine to new gen’s D2C brands
Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs' deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernising legacy businesses.
Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
Cards vs UPI; Byju’s advisory council dissolved
Happy Monday! UPI's ease of use is driving a shift to cashless payments, leaving debit cards behind. This and more in today’s ETtech Morning Dispatch.
Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding
Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brand's parent company Radhamani Textiles also owns women's premium fashion brand Rareism and everyday wear brand Articale.
Combating OTP frauds; Ather’s new funding round
Happy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More on this in today’s ETtech Morning Dispatch.
Nikhil Kamath’s Gruhas, Collective Artists Network launch Rs 150 crore fund for consumer startups
The new fund, Gruhas Collective Consumer Fund will look to invest around Rs 150 crore in areas such as fashion and lifestyle, health and wellness, coffee and beverages, personal care, and food services.
Two-wheeler EV maker Ather Energy rides into Nepal
Recently, the Tiger Global-backed EV startup secured Rs 900 crore in funding from two-wheeler major Hero MotoCorp and Singaporean sovereign wealth fund GIC, both of which are existing shareholders in Ather.
Family offices of Nikhil Kamath, Zomato’s Goyal, IIFL to invest in Bluestone
CarDekho’s Amit Jain, Manipal's Rajan Pai, Info Edge Ventures investing in $65 million funding, to value the firm at $440 million.
The Pai-and-Kamath way to startup investing; and other top tech stories this week
Bluestone is only the latest in the list of investments by Pai and Kamath, but this marks the growing pace at which they are signing new cheques at a time mid-to-large scale startups are finding it hard to score new funding.
What led to Zerodha's success? CEO Nithin Kamath shares key reason, says 'As a business, we have been lucky... '
Nithin Kamath, CEO of the brokerage firm Zerodha, reveals the key reason behind the company's massive success in last few years. Zerodha provides 10 per cent brokerage to users for referring, earning up to 300 reward points when a referred person opens an account.
Nithin Kamath to Rachana Ranade to Dhruv Rathee: 10 ordinary people who have redefined financial success
On the 12th anniversary of ET Wealth, meet 10 people from ordinary walks of life who have redefined financial success.
Mind Over Money: How this ex-soldier turned CEO of international hedge fund manages stress
" Whatever teams are leading now around the world -- mental health is crucial. This was huge before the pandemic, but even more important now. First, we must create cohesive, inclusive environments and communities."
BHIVE Fund to raise Rs 400 crore to invest in commercial office projects
BHIVE, the parent company, will be the sponsor of the fund and will invest in office properties with occupancy certificates ranging between 15,000 sq. ft. and 50,000 sq. ft. across Bangalore.
Zapkey raises $2 million from Nikhil Kamath-backed Gruhas Proptech, DLF Family office
Blume Founders Fund, the Alkem Labs Family, Kotak’s Sriniwasan and Koo founder Aprameya Radhakrishna also among key investors
Govt should abolish STT to encourage new investors to start trading: Experts
Puneet Maheshwari, Director, Upstox, said the government may consider relieving traders of the STT. By doing so, new investors would be encouraged to start trading.
WEGoT gets $1.5 million from Nikhil Kamath-backed Gruhas Proptech, others
"We have about one lakh devices that are on the field, and we expect to increase this to about 10 lakh devices in 2022," says Abilash Haridass, cofounder and chief executive officer of WEGoT Utility Solutions.
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