SERIES A FUNDING
Community Movie: Everything we know so far
Joel McHale announced that the 'Community' movie is fully funded and likely to shoot next year. Despite delays, the project is moving forward. McHale clarifies the delays are due to his schedule, not Donald Glover's.
Spend management startup Dice raises $5 million from Dallas Venture Capital India Fund
Dice, an enterprise spend management startup, has raised $ 5 million in a funding round led by VC firm Dallas Venture Capital. The company will use the fresh capital for its go-to-market initiatives, like strengthening market penetration and customer outreach.
Matter Group raises USD 35 mn from US-based Helena, others
Matter Group secures a significant USD 35 million Series B funding led by Helena, with plans to deliver advanced AERA electric motorbikes in India to address global climate challenges.
Kite Man: Hell Yeah!: Check out premiere date, plot, trailer, voice cast and characters of Harley Quinn animated spinoff
Max is set to premiere "Kite Man: Hell Yeah!," a spinoff from the "Harley Quinn" animated series. The show follows Kite Man and Golden Glider as they run Noonan's bar and engage in criminal activities. The series features a star-studded voice cast and will release new episodes weekly from July 18 to September 12.
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
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Heavy machinery manufacturer Autocracy Machinery raises pre-series A of Rs 6 crore led by VC Grid, VCats and others
Autocracy Machinery cater to multiple sectors such as agriculture, telecommunications, landscaping, civil engineering and infrastructural development. The Hyderabad-based company will use the funding to enhance its research and development capabilities, expand its manufacturing and marketing footprint, and drive innovation in heavy machinery technology.
India inclusion in JP Morgan Bond index from today, $25-30 bn flow expected. What it means
India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.
Time in market is more important than timing the market: Market crash after Election results has a lesson for SIP investors
Timing the market is not a reliable strategy. Trying to predict short-term market movements often leads to disappointment. What truly matters is the consistency and discipline of investing over the long term. Market fluctuations are part and parcel of investing in equities, and those who remain patient and focused on their long-term goals are more likely to reap the rewards.
Go Zero secures $1.5 mn follow-on pre-Series A funding, grows 4x in one year
Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein and vegan ice creams.
Pocket FM's 'Insta Empire' garners Rs 100 crore revenue
Pocket FM derives a majority of its revenue from microtransactions, which allow users to pay for shows that they want to watch. The audio series has already garnered over 250 million plays worldwide and is available in English, Hindi, Telugu, Tamil, Kannada, and Malayalam.
Ummeed Housing Finance raises Rs 630 cr equity
Ummeed Housing Finance raises ₹630 crore in Series F round from investors including A91 Partners LLP and existing investors. Funds to be used for expansion in central and southern India.
Decagon raises $35 million for AI-powered customer service
Decagon, a startup in San Francisco, raised $35 million in funding led by Accel with participation from Andreessen Horowitz for its AI-powered customer support solutions. They use generative AI, popularized by OpenAI's ChatGPT chatbot, to enhance customer interactions. Decagon competes with well-funded AI startups like Forethought backed by New Enterprise Associates. Accel partner Ivan Zhou highlighted Decagon's unique product offering.
You.com startup is raising $50 million as it targets AI-assistant market
Similarweb dat shows You.com received 11 million visitors in May, marking an increase in web traffic for the year. However, this figure remains below its peak of 20 million visitors in February 2023. Following ChatGPT's role in ignited interest in You.com's AI-powered search engine in early 2023, some users have since started exploring other options.
Manufacturing theme offers a diversified portfolio. Anthony Heredia explains how
We believe the Production Linked incentive (PLI) along with the need for global corporates to de-risk their China play offers a secular opportunity that is likely to pan out over the next 3-5-7 years. Government is also monitoring the PLI implementation, making necessary changes if needed to resolve any problem areas as well as adding more products covered under PLI.
Ather Energy raises Rs 286 crore from founders and Stride Ventures
Ather Energy raised Rs 286 crore from founders and Stride Ventures through a mix of debt and equity funding, including series F and series C3 investments.
Traders bearish on June, Nifty slips 216 points
Analysts said foreign fund managers have predominantly rolled over bearish positions to June, while domestic traders remained bullish though the benchmark indices extended losses to the fifth straight trading session.
RPSG Capital Ventures announces close of second fund at Rs 550 crore
RPSG Capital Ventures with Fund II has already invested in startups such as Supertails, Perfora, Rabitat and Headway. The investors of this fund were largely domestic, including family offices, high net worth individuals and industry veterans from the consumer sector.
Ethnic fashion brand Libas raises Rs 150 crore from ICICI Venture
Libas started going offline about 18 months ago and operates 15 store across the country. It plans to open 200 stores by 2026. “The organised Indian apparel sector is expected to grow significantly in coming years and this investment will fuel expansion across categories, and geographies with a strong focus on omnichannel experience,” said Sidhant Keshwani, founder and CEO of Libas.
Govt planning new way to save you from bank and other financial scams
Amidst the surge in phone call scams, the Department of Telecom (DoT) has unveiled a new solution to differentiate between authentic calls and those orchestrated by fraudsters. As per reports from ToI, the DoT has designated a distinct 10-digit numbering series commencing with 160 for service and transactional calls originating from governmental bodies, regulatory agencies, and financial institutions.
DiFACTO raises Rs 40 crore Series A funding from Stakeboat Capital
DiFACTO Robotics and Automation Private Limited has secured Rs 40 crore from Stakeboat Capital in Series A round to fuel growth and innovation in robotic automation solutions.
Cathie Wood's Ark buys stake in Elon Musk's xAI: report
Cathie Wood's Ark Investment Management purchased a stake in xAI, Elon Musk's AI startup valued at $24 billion, as reported by Bloomberg News.
This City Is Ours: Here’s what you need to know about Sean Bean starrer BBC drama series
Sean Bean stars as a gang leader in the BBC drama ‘This City Is Ours.’ The series, set in Liverpool, features a stellar cast and follows complex relationships within a disintegrating gang.
Elon Musk's xAI raises $6 billion in Series B funding round
Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital, among others, the company said in a blog post on Sunday.
360 ONE Prime to raise Rs 500 crore through NCD, effective yields may go up to 9.8%
360 One Prime on Friday opened its second tranche of fund raising of Rs 500 crore through the issue of non-convertible debentures (NCD) which might effectively yield 9.2% to 9.86% p.a. The issue will be closed on June 6.
Agritech startup Superplum raises $15 million from investors to expand fresh fruits business
Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to fundamentally improve how produce is grown and brought to market.
ClaimBuddy secures $5 million in Series A funding
ClaimBuddy was founded with an aim to find a seamless solution in the Healthcare financing space, to address the challenges faced by patients and hospitals in the health insurance claim process.
Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai
The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said.
Hospitality brand Quorum Club secures pre-Series A funding led by Gruhas
Quorum Club was founded in 2018 by Vivek Narain and his wife Sonya Jehan. It runs three brands—Quorum, a subscription-based members-only club, District 150, a meetings and events space, and Business Quarter, a coworking space.
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