Explore the latest news, in-depth reports, and executive analysis tagged with #Kettleborough Vc.
Rengaswamy said he would remain a significant shareholder in Quona Capital and continue to support the firm.
The startup also announced a joint venture with Japan-listed Globalway Inc. to expand into Japan’s enterprise market.
Weh Ventures, which marked the first close of its third fund, plans to step up investments in robotics; and is currently looking at three broad themes spanning AI, deep tech and consumer brands.
The round also saw participation from Equirus InnovateX Fund and angel investors.
The startup will use the fresh capital to expand its global team of AI specialists and engineers, invest in proprietary technology and AI-native delivery capabilities, among others.
Z47's fintech portfolio has seen mixed outcomes, with some companies struggling for traction, reflecting the ecosystem's "middle journey" as described in its report.
Chiratae Ventures' exit from PB Fintech is only one of a handful of full or partial exits from its fintech portfolio, fewer than those executed by other VC firms.
The Mumbai-based startup will deploy the fresh capital to expand its engineering team, among others.
The new fund has received commitments from Play Capital, a Nordic Fund of Funds (FoFs) and family offices such as Eraya, Twin & Bull Investments and Heritage Investments.
The fund has brought Quest Global Engineering Services as a Limited Partner (LP), adding an institutional investor from the engineering sector to its LP base.
The funding round saw participation from DeVC, Peercheque and Kunal Shah.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
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 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 final close follows the fund’s first close of Rs 550 crore in February.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
