Explore the latest news, in-depth reports, and executive analysis tagged with #Nexus Venture Partners.
The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
The funding round also saw participation from India’s national badminton coach Pullela Gopichand, Darwinbox co-founder Rohit Chennamaneni, Swiggy co-founder Nandan Reddy and other angel investors.
PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal.
The round also saw participation from existing investors Notable Capital, NEA, Neo Ventures and 8VC, along with new investors Acrew, Forerunner, Goodwater and Peak XV.
The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The company will use the fresh capital to expand its network of wealth creators, and enhance its AI-powered wealth management platform, among others.
The investment comes soon after Neo secured funding from TVS Capital earlier in March.
In its initial phase, the programme targets the creation and growth of nearly 4,000 rural enterprises over the next three years.
Prior to Microsoft, Kulkarni spent over a decade at Accenture and has previously held senior positions at EY and GE Capital.
Existing Razorpay merchants can access the feature without any additional integration, as it is already available through the company's checkout ecosystem.
The funding round also saw participation from existing investors Cactus Venture Partners and India Alternatives.
The funding round also saw participation from existing investors Nexus Venture Partners, Titan Capital and WEH Ventures.
The startup will use the fresh investment to expand its team in Bengaluru and London.
