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Aye Finance bags USD 21.5 million funding from CapitalG, SAIF Partners, LGT

June 11, 2018

Aye Finance, a provider of loans to small businesses has raised around USD 21 million in its Series C round led by CapitalG, the venture capital fund owned by Alphabet Inc.

Read more - https://www.dealstreetasia.com/stories/aye-finance-capitalg-saif-lgt-99494/

IIM-Ahmedabad’s CIIE backs campus recruitment solution provider Reculta

June 8, 2018

IIM Ahmedabad’s incubator-cum-investor, Centre for Innovation Incubation and Entrepreneurship (CIIE), invested an undisclosed amount of seed capital in Noida-based placement solutions provider Reculta.

Read more - https://www.vccircle.com/exclusive-iim-ahmedabads-ciie-backs-campus-recruitment-solution-provider-reculta/

Pfizer adds USD 600 million to VC arm; 25% to flow into early-stage neuroscience research

June 8, 2018

Pfizer Inc said on Wednesday it planned to invest USD 600 million in its venture capital fund, a quarter of which would be earmarked for promising research on neuroscience

Read more - https://www.vccircle.com/pfizer-adds-600-mn-to-vc-arm-25-to-flow-into-early-stage-neuroscience-research/

Fund of Funds to provide INR 1 lakh crore to startups

June 7, 2018

PM Narendra Modi Fund of Funds Startup India initiative has committed INR 1,285 crore towards startups since the launch of the INR 10,000-crore fund in January 2016.

Read more - https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/fund-of-funds-to-provide-rs-1-lakh-cr-to-startups-pm-narendra-modi/articleshow/644874

US firm Vora Ventures acquires Indian B2B online marketplace ShakeDeal

June 7, 2018

US private equity firm Vora Ventures has acquired ShakeDeal, a Bengaluru-based B2B bulk sourcing online marketplace for industrial goods, supplies, and raw materials.

Read more - https://www.dealstreetasia.com/stories/vora-ventures-shakedeal-99309/

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