Alternative financing firm Anicut Capital is seeking to raise INR 1,000 crore (USD 138 million) for its second fund for which it has received the approval of the Securities and Exchange Board of India (SEBI)
Dunzo Digital Pvt Ltd which runs daily tasks management app Dunzo, will raise INR 44 crore (around USD 6 million) from tech giant Google, venture capital firm Blume and venture debt provider Alteria Capital.
Bengaluru-based DriveU, an online platform that connects drivers with private car owners, raised mezzanine funds worth INR 7 crore (around USD 1 million) in a round led by California-based Stevens Creek Ventures.
The Indian subsidiary of Industrial and Commercial Bank of China (ICBC) has set up a USD 200 million fund through which its local arm will invest in local start-ups and other small businesses
Early-stage venture capital fund Endiya Partners is planning to raise INR 500 crore for its second fund With a focus on investing up to the Series A level.