Orios Venture Partners has closed the fundraising process for its second fund at a lower-than-targeted level but plans to hit the road again within the year, as the Mumbai-based venture capital firm looks to accelerate its pace of investments after staying on the sidelines in 2016.
Indian Angel Network’s eponymous IAN Fund has marked its first close, receiving commitment from investors within the network as well as high-net-worth individuals (HNIs). The fund will focus on sectors such as e-commerce, semi-conductors, gaming, and robotics.
Chennai-based online credit management startup CreditMantri Finserve Pvt Ltd is set to raise INR 51 Crore in Series B funding from new and existing investors. Founded in 2012 CreditMantri is an online platform that helps customers make borrowing decisions. It helps them understand their credit scores, learn how to improve it, resolve past issues and reduce current borrowing costs, among other things.
CDC Group Plc, British government’s development finance arm and Manipal Education and Medical Group have partnered to float a $80 million fund, to invest in healthcare services beyond the conventional hospital services. The two institutions have come together to invest an initial $80m in innovative opportunities in India, Africa and elsewhere in South Asia, with an aspiration to invest even more in the future.
Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt Ltd, has been selected by social media giant Facebook for its FbStart programme. Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme.