Viestories

Nazara Technologies, a provider of digital games and esports, secured a total of Rs 250 crore with support from ICICI Securities, Plutus Wealth Management, Kamath Associates & NKSquared, the co-founders of Zerodha, and others.

The Department for Promotion of Industry and Internal Trade (DPIIT) issued the States' Startup Ranking 2022. According to the ranking, Gujarat, Karnataka, Kerala, and Tamil Nadu were recognised as the top-performing states in terms of establishing ecosystems of startups for aspiring entrepreneurs.

A memorandum of understanding (MoU) was signed by Marut Drones, a leading drone technology manufacturer in India, and SkyDrive, a leading Japanese eVTOL aircraft manufacturer with headquarters in Japan, to form a partnership that will mark a significant milestone in the development of futuristic air transportation in India.

General Atlantic, a leading global growth investor, and Actis, a leading global investor in sustainable infrastructure, announced that the firms have entered into a definitive agreement under which General Atlantic will acquire Actis, creating a diversified, global investment platform with approximately $96 billion in combined assets under management (“AUM”). Financial terms for the transaction are not being disclosed.

A pre-seed fundraising round led by AppWorks Venture and Hashkey Capital secured $1.5 million for Fetcch, a Web3 pull payments infrastructure firm. Among others, LD Capital, Compute Ventures, M6, and GravityX Capital participated in the round.

FirstCheque VC led the pre-seed round of funding for Medial, a next-gen professional social media platform, which raised $120K.

In its pre-Series A funding round, enterprise IT firm Adya.ai secured INR 10.5 Cr ($1.2 Mn), with Indian Angel Network (IAN) leading the round. Other strategic financiers also participated in the financing.

In a pre-series-A fundraising led by Quona Capital, Upswing Financial Technologies, a fintech startup, secured $4.2 million.

Rapid grocery delivery network Swiggy Instamart is collaborating with Fire-Boltt, a domestic smart wearable startup.

The biotech and healthcare startup Vgenomics secured an undisclosed sum in a seed round headed by O2 Angel Network and Mumbai Angels.