Saama Capital, a venture capital firm that has invested in unicorns such as Paytm and Snapdeal, has made a final close for its third fund at $58 million, or about Rs 390 crore.Saama Capital will continue its focus on the seed and series A rounds as it feels smaller fund size make it easier to return capital to its investors, or limited partners (LPs).

D Light Design Inc, a San Francisco-based solar lighting and power products maker that also operates in India, has raised funding in a round led by Norwegian state-owned investment fund Norfund. It will use the capital to expand its operations and bring off-grid power to low-income families in Africa and Asia through its pay-as-you-go financing solutions.