Infibeam IPO subscribed 63% on day 2

infibim_feThe initial public offering (IPO) of Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, was covered 63 per cent at the end of day two on Tuesday, led by non-institutional investors. Stock-exchange data show that non-institutional investors, which include affluent individuals and corporate houses, bid for around 1.4 times […]

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Infibeam IPO subscribed 21% on first day

VCCircle_Infibeam--4The initial public offering of Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, was covered just 21 per cent at the end of day one on Monday, stock-exchange data show. Qualified institutional buyers (QIBs) bid for around 22 per cent of their quota while non-institutional investors bid for about […]

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Venture debt investor InnoVen backs Southeast Asian startups KFit, Pomelo

Ajay Hattangdi, COO & CEO, Innoven capitalVenture debt firm InnoVen Capital India Pvt Ltd said on Monday it has agreed to provide a total of $5 million in loans to two startups in Southeast Asia. The firm will provide venture debt to Malaysian e-commerce health and fitness company KFit Holdings and Thailand-based e-commerce fashion company Pomelo, it said in a statement. […]

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E-commerce enabler KartRocket tops up Series B funding round with $2M more

KartRocket_feDelhi-based BigFoot Retail Solutions Pvt Ltd, the startup behind KartRocket.com, a do-it-yourself (DIY) e-commerce platform for Indian small and medium businesses (SMBs) and retailers, has completed its $8 million Series B funding round by raising capital from existing investors and an unnamed Japanese investor. In January, Techhcircle.in had reported that the startup managed to raise […]

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Ajay Piramal comes as anchor investor in new VC firm Montane

Ajay-Piramal_feAjay Piramal, who has a string of private equity business units in the country, is now looking to dip his toes in the early-stage investment space. The family office of Piramal has come as an anchor investor in newly floated VC firm Montane Ventures, according to a report by The Times of India. Footprint Ventures co-founder […]

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IFC to invest up to $25M in Lenskart

Lenskart3International Finance Corp, the private lending arm of the World Bank, is on course to its second investment in an Indian e-commerce venture. It has committed to put in $25 million (Rs 170 crore) in Delhi-based Lenskart Solutions Pvt Ltd, which runs the back-end wholesale supply business of eye-wear etailer Lenskart.com, in lieu of a […]

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ICRISAT incubator to float around $15M fund for agri startups

ICRISAT_feHyderabad-based International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)’s incubation platform is looking to float a fresh fund with a corpus of Rs 100 crore (about $15 million) in a year, according to a news report by Mint. The initiative is expected to help small entrepreneurs from the agri-business and nutrition space raise capital. The agri-research institute […]

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Quick Heal shares list below issue price

VCCircle_Quick_healSequoia Capital-backed antivirus software maker Quick Heal Technologies Ltd made a weak stock market debut on Thursday with its shares listing 5 per cent below the issue price. The shares opened for trading at Rs 305 on the Bombay Stock Exchange (BSE) compared with the issue price of Rs 321. Shares of the company touched […]

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