Funds

The 10,000 Crore Metal Packaging Industry which is already distressed with the implementation of the Quality Control Order (QCO) is now irked by yet another decision of the government as Steel sector does not come under the ambit of RoDTEP scheme.

Stellaris Venture Partners, an early-stage venture capital firm, has announced the closing of its second fund at $225 million. In addition to strong support from existing Limited Partners, the fund saw participation from several new global institutions.

Canara Robeco Asset Management Company Limited announces the launch of their new fund offer (NFO), Canara Robeco Value Fund - an open-ended equity scheme that would follow a value investment strategy, to invest in businesses that are trading at a price less than their intrinsic values and are expected to realise their true worth in the future.

Online higher education portal upGrad has made it to the unicorn list with latest funding of $185 million at a market valuation of $1.2 billion. The Ronnie Screwvala-headed edtech company raised funds from the Singapore-based Temasek, World Bank's International Finance Corporation (IFC) and IIFL in the last 60 days. The Mumbai-based edtech firm had raised $120 million from Temasek.

India's leading direct-to-consumer clear aligner brand, has raised USD 20 million in a Series B funding round led by Eight Roads Ventures (a global investment firm backed by Fidelity), San Francisco based Think Investments and the Mankekar Family Office. The company had previously raised USD 5 million as part of its Series A funding in January this year.

Fabheads develops automated manufacturing technologies specific to the carbon fiber part manufacturing sector. Having developed the first and only such product of this kind in India, the Company has been recognised for their innovative work by various agencies including DIPP (National Startup Award 2020 by Startup India), DRDO (Dare to Dream Innovation Award 2019), MoD (Trailblazers of Indian Aerospace – Aero India 2019), JEC Media (Outstanding Innovation in Composites 2018), CII (Top Startup in Manufacturing - 2018), among others.

Edtech company Unacademy Group has raised $440 million from Temasek, Tiger Global, SoftBank and General Atlantic, said co-founder and CEO Gaurav Munjal. The edtech firm is now valued at $3.4 billion, he added. Mirae Asset, Zomato founder Deepinder Goyal and OYO Rooms founder Ritesh Agarwal also participated in the funding round.

DigiMax Global Inc. (the "Company" or "DigiMax") (CSE: DIGI)(OTC: DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, has raised $6 million in a Series A round co-led by Kotak Investment Advisors Limited , Gruhas Proptech (an exclusive fund by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana Group for proptech investments and special situations), Sabre Investments (an investment arm of Rahul Talwar, Promoter Family of DLF). This round also saw participation from Elevation Capital, Mayfield India and Gemba Capital.

Minimalist, a new-age homegrown skincare brand, has raised Series A funding of INR 110 Crores (~US$15 million) through multiple international investors in just nine months of its inception. This milestone validates the brand as a forerunner in the personal care segment. The round was led by Sequoia Capital India, with participation from Unilever Ventures.