RTP Global Announces $650 Mn Fund III To Back Startups Globally
RTP Global is planning to invest in startups primarily in their Series A rounds and is expected to back startups in mobility, AI, SaaS, fintech, foodtech, healthtech, proptech, insurtech and sports-tech sectors.
Quadria Capital Closes Fund II At Over $400 Mn To Invest In Healthtech Startups
The Singapore-based fund has raised the capital from leading global asset managers, pension funds, sovereign wealth funds, insurance, healthcare corporates & development finance institutions.
Startup News Snippets
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Market Pulse
- Delhi-based post-harvest agritech startup Arya has raised $6 Mn pre-Series B funding from Omnivore and LGT Lightstone Aspada to accelerate the growth of its agri storage network
- San Francisco – and Bengaluru-based fintech platform for Indian students pursuing international higher education Leap Finance has raised $6 Mn from Sequoia Capital
- Gurugram-based fintech marketplace offering products for small business owners, Chqbook.com has raised $5 Mn in Series A funding from Aavishkaar Capital
- Ecommerce platform for beverages and snacks Paper Boat has raised $4 Mn in two different rounds from Advent Management, A91 Emerging Fund, and Trifecta Venture
- US-based VC firm Lightspeed Venture Partners that have invested in Indian Unicorn startups BYJU’s and OYO, will close its third India focussed fund at $250 Mn to $300 Mn
- The Reserve Bank of India has outlined a scheme to revive Yes Bank that proposes State Bank of India purchasing a stake of up to 49% to bail out the beleaguered private-sector lender