Online marketplace ShopClues has raised INR 50 crore in venture debt from InnoVen Capital. ShopClues said it raised debt primarily for day-to-day business activities.
International Finance Corporation, the private investment arm of World Bank, has agreed to make an equity investment of $10 million in tech-focused venture capital firm Stellaris Venture Partners. The fund is focused on Series A and pre-Series A investments in technology and technology-enabled companies.
The Karnataka Government today said it has granted funding to 26 startups in the BioTech sector to bolster innovation. The Department of IT and BT will support these startups to develop ideas, technologies and products which can have significant impact on the lives of people.
Gurugram-based micro-lending platform Aye Finance, that delivers business funding to Indian micro and small enterprises, has raised Rs 20 crore in debt funding from the State Bank of India. Spread across 33 branches in the country as a non-banking financial company, Aye Finance provides mortgage, hypothecation and term-loan services accessible to India’s thriving and under-served MSME sector.
SoftBank Group Corp is close to announcing commitments of as much as $95 billion for its technology fund. The Japanese company announced plans for the Vision Fund last year, aiming to create a vehicle that would become one of the biggest technology investors over the next decade.