Insight

The Society for Innovation and Entrepreneurship (SINE), an incubator at IIT Bombay, and the multinational chip manufacturer AMD established a partnership on Monday.

The first fund of Yali Capital, a venture fund that focuses on deep technology, was unveiled on Monday. Its target corpus is Rs 810 crore, with a Rs 310 crore greenshoe option.

Multi-category cookie maker Nurture Well, situated in Noida, announced the completion of the private placement round. The India Inflection Opportunity Fund (IIOF) has committed to investing Rs 50 crore in the business.

Unilever Ventures led the seed round for skincare startup SkinInspired, which raised Rs 12.25 crore, or about $1.5 million. Arjun Vaidya, a partner of Dr. Vaidya, took part in the round as well.

Through the issuance of Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital, Perpetuity Capital, a fintech platform focused on clean-tech mobility, has raised Rs 7 crore.

In a funding round headed by its current backers, BluSmart, a ride-hailing service that exclusively utilises electric vehicles, raised $24 million, or Rs 200 crore.

The world's largest retailer, Apparel Group, revealed the growth of its fruitful collaboration with Crocs.

Sumer Juneja, Managing Partner and Head of EMEA & India Investing at SoftBank Vision Fund, will join the board of the unicorn company OYO, which is about to go public, as a non-executive director.

The massive fashion e-commerce company Myntra and the rewards-based payment network Twid have established a strategic alliance.