Aims to build a portfolio of startups with focus areas including agritech, space tech, aerospace and semiconductor ecosystem Average first cheque size of 1 2 Million Final close expected by March 2024 From its first fund, Unicorn has returned more than 2X cash within the fund life and with assets worth 6X still under management.

SaaS startups: Early stage startup fund Unicorn India Ventures on Tuesday announced the first close of its Rs 1,000 crore Fund III. The first close was at Rs 225 crore while the final close is expected by March 2024.

Startup funding: Sustainable packaging startup Cirkla on Tuesday announced raising 3 million in a preseed funding round led by Matrix Partners India, and Stellaris Venture Partners. The seed funding round also saw the participation of angel investors. According to Cirkla, it will utilise funds to scale operations, strengthen sales and invest in new technologies.

With India opening the doors to its opensource digital public infrastructure (DPI) like Unified Payment Interface (UPI), Aadhaar, CoWin and Digi locker to other countries, Indian startups and IT firms are expected to benefit, government officials have said.

The program included a talk session on Propelling Growth and Excellence through Innovation, a panel discussion on How can India Lead Global Innovation and a photo exhibition of the teacher training workshops organized by project iRISE in different states of the country.

The company is also looking to invest in a few startups that are working on Generative Artificial Intelligence, Kasmalkar said. We have always invested in AI, however generative AI has become very popular now.

We are looking to start a venture capital firm for investments into startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality, and transportation, he said. But Negi said that the venture capital firm will have an initial fund of Rs 7 crore.

Through the integration of AI, startups are experiencing heightened efficiency, as automation empowers them to streamline tasks, optimize processes, and execute datadriven decisions. This results in enhanced operational efficiency and more effective resource allocation.

Here is the second instalment of shortlisted entrants in two categories for The Economic Times Startup Awards 2023. Today, we bring you a list of high startup achievers from two categories

Captain Fresh, a business-to-business fish and seafood company, on Tuesday said it has raised 20 million in an extended Series C round, led by Japan based SBI Investment and Evolvence Capital.

BITS Pilani, RBI, ICICI Bank launch fintech accelerator programme for startups Candidates can apply for the 45day accelerator programme Fin-Xcelerator till September 24. The programme FinXcelerator will provide services such as mentoring and personalized support.

Nash Vail, the cofounder of a Bengaluru startup called Fold Money has apologised to a customer for sharing a passive aggressive response to their feedback. Since the tweet made by the company went viral, many people criticised them A startup s reply to a customer did not go well with netizens.

Venture debt investor Anicut Capital on Tuesday said it has raised ?50 crore (about 6 million) for its equity investments fund from the Small Industries Development Bank of India’s (SIDBI) Fund of Funds for Startups (FFS). SIDBI is an existing investor in Anicut Capital.

Venture debt investor Anicut Capital on Tuesday said it has raised ?50 crore (about 6 million) for its equity investments fund from the Small Industries Development Bank of India’s (SIDBI) Fund of Funds for Startups (FFS). SIDBI is an existing investor in Anicut Capital.

Venture debt investor Anicut Capital on Tuesday said it has raised ?50 crore (about 6 million) for its equity investments fund from the Small Industries Development Bank of India’s (SIDBI) Fund of Funds for Startups (FFS). SIDBI is an existing investor in Anicut Capital.

Startup funding: Early stage B2B SaaS focused venture capital firm Pentathlon Ventures on Tuesday launched a Rs 450 crore Fund II to invest in 25 B2B SaaS startups. According to Pentathlon Ventures, the fund will focus on investing in startups working across Enterprise digital transformation, ecommerce enablement, fintech, vertical SaaS, applied AI, sustainable tech, and health tech in the B2B SaaS sector.