#Fir

Mirae Asset Venture Investments marks first close of new fund at Rs 1,125 crore

Skyroot Aerospace-backer Aum Ventures marks first close of second fund

More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.

Atomberg-backer Inflexor Ventures marks first close of third fund at Rs 400 crore

The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.

FireAI raises fresh funding from existing investor SucSEED

The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.

YoLearn.ai raises pre-seed funding led by DataAlpha.ai, White Swan Global

The round also saw participation from a group of angel investors.

MobiKwik says over 90% dues repaid as Xtra scrutiny deepens

The clarification comes after FIRs were registered in Bengaluru against MobiKwik and lending partner Lendbox.

Haryana govt approves CBI probe into 5 IAS officers in IDFC First Bank case

The development comes days after the CBI conducted searches across multiple locations in Chandigarh and Panchkula, seizing financial documents and digital evidence linked to the alleged scam.

Reliance-backed Netradyne buys European fleet firm Moove

Moove's former CEO Jeroen Bruinooge will stay on as SVP and GM for Europe.

Exfinity Venture Partners books 13x returns with partial exit from CloudSEK

The partial exit was facilitated through a secondary sale to the company's existing investors.

Capital-A marks first close of second fund at Rs 160 crore

The second fund has a target corpus of Rs 300 crore with a greenshoe option to raise up to another Rs 100 crore.

InvoiceCloud plans 150 new hires in Hyderabad as India bet deepens

The company said that it is particularly focused on bringing in AI engineers to accelerate development of its next-generation billing and payments platform.

CoinDCX founders arrested on allegations of criminal breach of trust

CoinDCX said the FIR is “false” and attributed the case to an impersonation scheme involving individuals posing as the company’s founders.

Amazon cuts 16,000 jobs

This comes after Amazon laid off 14,000 people last year in October.

FireAI attracts first institutional funding round led by Inflection Point Ventures

The funding round saw participation from Venture Catalyst and SucSEED Indovation Fund.

Fireside sticks to consumer thesis amid AI din, flags risks of micro-VC flip cheques

Fresh from raising a $250mn fund, Fireside says it's not betting on AI models or power-law outliers, but on India becoming the AI use-case capital.

Junio gets RBI approval to operate as PPI provider

The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).

Stripe launches new blockchain company Tempo in partnership with Paradigm

Matt Huang, Stripe board member and co-founder of Paradigm will lead Tempo.

Lenskart IPO: Franchisees complain to SEBI over disclosure lapses

The complaint accuses Lenskart of suppressing details of criminal proceedings, misrepresenting financial records, and misleading investors in its IPO papers.

Paytm approves investments in Paytm Money, Paytm Services, discontinues real money gaming biz

Paytm has approved investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues.

Mahaveer Finance raises Series C funding from Elevation Capital, others

The fresh capital will be used to boost its presence in southern India, enhance its proprietary credit infrastructure, and expand its lending to underbanked customer segments.