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ACCEL AND PROSUS VENTURES
Zepto’s $1 billion IPO; Navi eyes fresh fundsHappy Tuesday! Quick commerce firm Zepto has filed updated draft papers for its $1 billion public offering. This and more in today’s ETtech...- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- Peak XV folds Surge into broader early-stage investing amid executive exits, fewer cohortsPeak XV Partners is reshaping its Surge seed-investing platform. The venture capital firm is integrating Surge more closely with its overal...
- ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-yearIndian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 m...
- Premji Invest in talks to join Emergent fundraisePremji Invest is reportedly in talks for a significant investment in coding platform Emergent's $250 million funding round, which could val...
- Swiggy cofounder Nandan Reddy to leave companySwiggy cofounder and head of innovation Nandan Reddy will step down from his role and vacate his board seat. Reddy, who cofounded Swiggy wi...
- VCs double down on high-growth bets as select startups ratchet up steep valuationsIndian mid-stage startups are seeing significant valuation surges despite a broader funding slowdown, indicating a concentrated pool of hig...
- AI startups feel war impact; Sarvam eyes unicorn clubHappy Wednesday! War-led uncertainty and a weaker rupee are beginning to impact growth plans for Indian AI startups. This and more in today...
- Six startups receive early-stage funding under Accel-Prosus partnershipProsus and Accel have invested in six early-stage Indian startups under their Atoms X programme, supporting ideas across air purification, ...
- Prosus' arm seeks CCI nod for raising stake in RapidoIn a filing with the competition regulator, MIH Investments One BV said the stake acquisition in Roppen Transportation Services (Rapido) "w...
- TVS Motor to divest Rapido stake to Accel, Prosus for Rs 288 croreTVS Motor Company is selling its stake in Rapido. Venture capital firm Accel and investor Prosus will acquire shares for Rs 288 crore. This...
- Accel, Prosus team up for early-stage investments in IndiaLeading tech investor firms Prosus and Accel have teamed up to bolster India's dynamic early-stage startup landscape. This collaborative ef...
- Urban Company’s stellar listing gives big paper gains to early investorsUrban Company’s founders Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra, who sold Rs 780 crore worth of shares through secondary dea...
- Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunchAccording to filings by Good Glamm Group with the Ministry of Corporate Affairs, Anand Daniel from Accel, Vishal Gupta from Bessemer, and G...
- Web3 gaming startup Kratos Gamer Network raises fresh funds; valuation jumps to $500 millionThe funding round for the former Nazara CEO’s gaming startup was led by Aptos Labs, which develops Web3 solutions for live service games. B...
- SaaS buying platform Spendflo raises $11 million in funding led by Prosus, AccelHaving raised the latest round of capital after 10 months of its seed round, the 2021-founded firm has so far raised $15.4 million from inv...
- ETtech Deals Digest | Uptick in early-stage investingHere are all the startups that got funded this week.
- Prosus Ventures may join funding round of ex Myntra CEO’s new fashion startupYet to be launched, Virgio, maybe valued at over $150 million, launch likely later in Sept.
- AI co Detect bags $28 million funding from Prosus, othersThe Software-as-a-Service (SaaS) platform, Detect plans to utilise the funds to further expand and strengthen its sales and operations in N...
- The Good Glamm Group appoints Asad Raza Khan as global commercial officerKhan brings with him nearly two decades of FMCG and beauty experience and in his most recent role was the global business leader for Procte...
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