Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strongThe Uber funding and strong R2 sales are crucial to Rivian's push to narrow heavy losses and cash burn while it funds a bet on self-driving...
Bitcoin, cryptocurrency prices fall after Binance reports security issueCryptocurrency prices fell on Friday after Binance reported a potential security issue and said more than $2.5 billion in assets had been f...
In 2015, Airtree backed Canva's $6 million Series A; 6 years later, a partial sale at a $39 billion valuation returned 1.4x its first fund; here's howCanva reached a $39 billion valuation when Airtree reduced part of its holding in 2021. In September that year, Canva announced a separate ...
IMF proposes China’s Min Liao as deputy managing director, Bo Li to exit in NovemberThe International Monetary Fund has nominated Min Liao, China’s Vice Minister of Finance, for Deputy Managing Director. His appointment fol...
One Planet Partners launches maiden PE fund, targets Rs 3,000 croreOne Planet Partners has launched a private equity fund in partnership with Sumitomo Mitsui Trust Bank. The firm plans to raise over ₹3,000 ...
EPFO plans to invest in startups, AIFs five years after govt approvalThe Employees Provident Fund Organisation is working on guidelines for investing in alternative investment funds for better portfolio diver...
Weak returns at home fuel India's overseas retail investing boomIndian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, dom...
Ixigo co-founder Rajnish Kumar launches Rs 1 cr fund for IIT Kanpur startupsThe fund will support 10 technology-led startups from each graduating batch, with Rs 10 lakh in non-dilutive prototype funding for every se...
Ex-Cisco CEO John Morgridge & wife offered University of Wisconsin $100 million in 2014; 7 months later, their fundraising challenge brought in nearly $250 million.John and Tashia Morgridge initiated a $100 million fundraising challenge for the University of Wisconsin–Madison. They successfully matched...
Weak domestic returns fuel India's overseas retail investing boomIndian investors are turning to global funds as domestic market performance remains weak and opportunities abroad increase. A surge in over...
Advent International raises $30 billion, including nearly $27 billion for its 11th flagship buyout fundAdvent International has successfully raised $30 billion, with $27 billion designated for its latest flagship fund. The new mid-market stra...
India aims to expand space economy from USD 8.4 billion to USD 44 billion amid rising private participation: IN-SPACe officialRising demand for low Earth orbit satellites is expected to enhance India's space industry growth. A new Small Satellite Launch Vehicle lau...
Kae Capital launched a $25 million fund in 2012; 13 years later, Porter and HealthKart had helped it deliver more than 5x returnsKae Capital’s $25 million bet on Indian startups in 2012 has paid off years later. Porter alone returned more than twice the fund’s origina...
Meta launches $35 billion stock offering to fund AI expansionMeta Platforms has kicked off public offerings nearly reaching $35 billion as part of its ambitious AI expansion strategy. The tech giant a...
Jio BlackRock International AMC (IFSC) launches JioBlackRock Advantage World Equity Fund (IFSC), its first GIFT City fundJioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-...
Selena Gomez's Rare Beauty gives 1% of sales to mental health; what is the fund and how does it work?Selena Gomez's Rare Beauty launched in 2020 alongside the fund. The initiative set a goal of mobilising $100 million over 10 years to suppo...
NFO Alert: Choice Mutual Fund launches large & midcap fund, its first actively managed equity fundChoice Mutual Fund has launched its inaugural actively managed equity scheme, the Choice Large & Mid Cap Fund. This fund is designed to all...