SVB Financial Group’s efforts to raise money have failed and the troubled bank was in talks to sell itself, CNBC reported on Friday, as a crisis at the tech-heavy lender rippled through global markets and hit banking stocks. Shares of SVB Financial Group were halted on Friday after tumbling 66% in premarket trading. SVB, which … Read more
360 One has completed acquisition of a controlling stake in Mumbai Angels. Mumbai Angels is one of the oldest and a leading player in the early investment space. Financial details of the transaction have not been disclosed. Reason for the subject transaction is obviously the synergy between Mumbai Angel’s network, wide experience in the investment … Read more
For years, becoming a unicorn was the main goal of startups. Now, with venture funding drying up and many young firms’ survival in doubt, another creature is the talk of the town: the cockroach. Venture capitalists and technology chieftains converged in Singapore in recent weeks to hobnob over a number of high-profile annual conferences, … Read more
Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. In March, the firm announced it had raised an inaugural fund of $111 million. Williams’ partner shares how to win an investment from the fund, which gets 200 pitches a week. Last week, amid the bright lights of Arthur Ashe Stadium, … Read more
Automated savings and investment platform Gullak has announced raising ₹10 crore in a pre-seed round led by Better Capital and Stellaris Ventures Partners. The round also saw participation from several angel investors such as Vimal Kumar and Sheetal Lalwani (co-founders at JusPay), Shan MS (chief growth officer, JusPay), Ramanathan RV (co-founder at Hyperface), Maya Kunnath … Read more
Venture capital firm Sequoia India and Southeast Asia has raised USD 2.85 billion – the highest ever in one tranche by any venture capital fund – to fund startups and other ventures in the region, the company said in a statement. Of the funds raised, USD 2 billion is dedicated to India across two funds, … Read more
The plunge in startup valuations could last years, say VCs at the firm Redpoint Ventures. The situation is similar to the dot-com bust after the 1999’s tech boom, they say. But one big difference from two decades ago is the record piles of cash VCs are sitting on now. Venture capitalists were partying like it … Read more
Bolt, a San Francisco fintech startup that provides an online checkout solution for other companies, is still in talks to raise new money at a valuation of $14 billion, according to a source familiar with the matter. The deal comes only weeks after Bolt closed $355 million in a Series E round, valuing it at … Read more
Sustainable mobility brand, Ninety One has raised ₹225 crore (or roughly $30 million) as a part of its latest Series A funding, the company said in a statement on Wednesday. The round saw A91 Partners LLP infusing around ₹160 crore, with participating investors including Fireside Ventures, Avaana Capital and Tital Capital infusing another ₹65 crore … Read more