Mumbai: Traditional companies trumped new age firms to emerge as the favourite of private equity and venture capital investors. Legacy companies cornered bulk of PE-VC investments in 2023 due to their established business models. The investments have been largely led by PE funds that have been more inclined to back legacy firms. Over the years,
Image Credits: Rachel Holt (left) and Dayna Grayson (right) / Construct Capital While the venture world is abuzz over generative AI, Dayna Grayson, a longtime venture capitalist who five years ago co-founded her own firm, Construct Capital, has been focused on comparatively boring software that can transform industrial sectors. Her mission doesn’t exclude AI, but
Stubbornly low wages have forced many in Malaysia to start their own business or look for lubang (a slang term for side hustles), said Lee, who now has offices in Australia and Cambodia. Malaysians often feel short-changed when they compare themselves to their Singaporean peers, who are better paid despite being equally competent, well-educated and
This roundup will be published monthly. It is meant to highlight some of the most notable funding rounds of the month and is not intended to be comprehensive. Several major fundraising announcements in the payer/employer space were announced this month. Here is a list of some of the biggest funding rounds: HiLabs raises $39 million
After an accident last fall that led General Motors-owned Cruise to pull its robo-taxis off the streets, GM is weighing whether it will bring more outside capital into its autonomous robo-taxi subsidiary when it’s finally ready to start putting its vehicles back on the road, a GM executive said earlier this week. While speaking at
Superfluid, an Ethereum-based token streaming protocol that enables real-time crypto transfers, has raised $5.1 million in a strategic funding round. Fabric Ventures led the round, with Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten, and others participating, Superfluid said Thursday. The round closed late last year, Superfluid co-founder and CEO Francesco George Renzi told
The second part of the research looked at geographic diversification and the performance of funds investing globally, versus those specialized in North America, Asia, Europe, or the rest of the world. The results showed that global funds outperform North American funds – historically, the number one geography for VC – with 11.5% versus 10.2 %
Superform Labs, a crypto startup founded by two former BlockTower Capital investors and a former Microsoft product manager, has raised $6.5 million in seed and angel funding rounds. Polychain Capital led the seed round, with BlockTower Capital, Maven 11, Circle Ventures, and other firms participating, Superform said Wednesday. Angel investors in the round included Arthur
In India, Tier-II and Tier-III cities are often overlooked for building businesses but the trend is changing as investors are shifting their interest towards small-town startups. These small cities which hold abundant potential for entrepreneurship, approximately account for 37% of the country’s gross domestic product. The latest report by Primus Partners, quoted by Forbes, revealed
KATHMANDU, Jan 30: The government has prepared the Startup Enterprises Credit Fund Working Procedures to provide loans to startups that develop new ideas into enterprises. Joint Secretary of the Ministry of Industry, Commerce and Supplies, Jiblal Bhusal said that the procedure has been approved by the ministry. A procedure has been devised to provide concessional