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Venture Capital Investments in India Reach $16.8 Billion from January to November: Report
As a venture capital activity in India, from January to November 2024, the figures have climbed up to US$ 16.77 billion in 888 deals, indicating a sharp increase of 14.1 percent in value and 21.8 percent in the count of deals as compared to the corresponding period in 2023, based on data that the India Brand Equity Foundation, or IBEF, has collected.
India Now Boasts 1,57,066 Recognised Startups, 73,000 with at Least One Woman Director: Centre
The country has emerged to be one of the world's most vibrant startup ecosystems, which makes it the world's third largest startup hub. With over 100 unicorns, the Indian startup landscape is shaping the future of innovation and entrepreneurship.
Indian Startups Secure $9.2 Billion in VC Funding from January to October: Report
Deal volumes rose 5.8 per cent during the same period, indicating a renewed investor confidence in the market. The same period in 2023 saw 930 VC deals worth $6.4 billion.
Velocity Launches Rs 400 Crore Fund to Support D2C Brands
Abhiroop Medhekar, founder and CEO of Velocity, stressed the fact that e-commerce is growing in leaps and bounds: by 2030, India will be the third-largest online market in the world, reaching $325 billion, attracting 500 million shoppers. Velocity's debt financing solutions are specially tailored to give D2C and e-commerce brands the ability to scale up operations, refine inventory management, and put together robust marketing campaigns.
Government Eases FDI Regulations to Facilitate Indian Companies' Global Growth Through Mergers and Acquisitions
Officials said the new rules would strengthen global access for Indian businesses and greatly enhance the ease with which mergers, acquisitions, and other strategic moves can be made for new markets, thereby increasing international footprints. "In pursuance of the Union Budget 2024-25 announcement made by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman to simplify rules and regulations for Foreign Direct Investment and Overseas Investment, as one of the initiatives, the Department of Economic Affairs (DEA), Ministry of Finance, has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, vide notification dated 16.08.2024."
Foxconn's Investments Set to Propel India as a Global Manufacturing Powerhouse: Ashwini Vaishnaw
Taking to social media platform X, Vaishnaw mentioned Foxconn's contribution and said, "As we strive to make Bharat a global manufacturing hub, we feel thankful that Foxconn's Chairman, Young Liu, continues to bring in more and more investment plans."
Zepto Eyes $340 Million Funding at $5 Billion Valuation, Competing with Blinkit
With this funding, the valuation of the firm is likely to increase to $5 billion from its previous valuation of $3.6 billion, a jump of 40%.
India Inc Sets Record with 195 Deals Worth $8.4 Billion in July, Report Reveals
"The strong growth in deal activity reflects growing investor confidence. Record volumes of M&As, driven by significant domestic transactions and a resurgence in cross-border deals, have proved India's strategic position as one of the key growth markets," Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, said.
Mutual Fund SIP Inflows Hit Record Rs 23,332 Crore; AUM Reaches Rs 64.69 Lakh Crore
SIP investments surged to Rs 23,332 crore, which invigorated the Assets Under Management (AUM) for the mutual fund industry to Rs 64.69 lakh crore in July from Rs 60.89 lakh crore in the previous month.
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