India’s deeptech seed deals surge 5.3X in 8 years, lag behind global averages: Report

The average seed cheque size of Indian deeptech deals has grown steadily over the past eight years, increasing 5.3 times between 2016 and 2023, according to a new report titled…

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SEBI sets timelines for NFO fund deployment by asset management companies

Markets regulator SEBI has decided to introduce timelines for deploying funds raised through New Fund Offers (NFOs) by asset management companies (AMCs) and relaxed regulatory framework regarding the alignment of…

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Micromax, Phison to design, manufacture storage chipsets in India

Electronics company Micromax and Taiwan's storage chip company Phison have set up a joint venture, MiPhi, to design and manufacture artificial intelligence (AI)-enabled storage chipsets modules locally, a senior official…

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Vedantu’s core revenue falls below FY21 level; losses narrow in FY24

Edtech firm Vedantu’s revenue from its core business in FY23-24 dropped below its FY20-21 levels, marking the second consecutive year of decline and indicating a continued slowing in its main…

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KKR completes investment in cloud kitchen operator Rebel Foods after CCI clearance

US-based investment firm Kohlberg Kravis Roberts & Co (KKR) has completed its investment in cloud kitchen operator Rebel Foods. This will help Rebel Foods to expand in India and Middle…

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