Novastar Partners makes first LP bet on AJVC
The AJVC investment is part of Novastar's broader private-markets strategy that combines fund investments with selective direct bets on private companies.
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The AJVC investment is part of Novastar's broader private-markets strategy that combines fund investments with selective direct bets on private companies.
The funding round also saw participation from Claypond Capital, Martin Chavez, Olivier Pomel, Venky Harinarayan and Shah Rukh Khan.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
The funding round also saw participation from existing investors Spark Capital and Pear VC.
The funding round also saw participation from existing investor Bessemer Venture Partners.
The funding round also saw participation from angel investors Afsar Ahmad, Jani Pasha, and Arpit Dave.
The round also saw participation from Sony Innovation Fund, Gaja Capital, Artha Ventures and other investors.
The final close follows the fund’s first close of Rs 550 crore in February.
The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
The Noida-based startup will use the funding to expand its AI tutoring platform and reach more schools and students.
The funding round also witnessed participation from several industrial entrepreneurs and existing investors, including Nikhil Sawhney and Varun Agarwal.
The Bengaluru-based fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.
The fund has attracted backing from the Livelihood Impact Fund as well as prominent entrepreneurs, investors, and philanthropists such as Deep Kalra and Binny Bansal.
The round also saw participation from Antler Elevate, Antler India, Manish Gandhi and Shastra VC.