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Chhattisgarh secures Rs15,184 crore investment proposals at New Delhi investors meet
Livemint
·
7m ago
Medial
During the Investors Connect Meet in New Delhi, the Chhattisgarh government received investment proposals worth ₹15,184 crore ($2.1 billion) from various industrial sectors. The proposals included projects in semiconductor, IT, electronics, food processing, EV, electrical, and renewable energy industries. The largest proposal came from Renew Power Limited, amounting to ₹11,500 crore ($1.6 billion) for pump storage and green hydrogen projects. The Chief Minister of Chhattisgarh assured full support to investors, highlighting the state's commitment to facilitating ease of doing business and providing timely approvals. The government is actively introducing policy reforms to attract both domestic and international investors.
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MoUs Worth Rs 4.18 Lakh Crore Announced During Rising North East Investors Summit: Scindia
OutlookIndia
·
2m ago
Medial
During the Rising North East Investors Summit 2025 in Delhi, Union Minister Jyotiraditya Scindia announced Memorandums of Understanding (MoUs) worth Rs 4.18 lakh crore. The summit, inaugurated by Prime Minister Narendra Modi, aims to boost investment in the Northeast by showcasing its opportunities. It involves joint efforts from all eight northeastern states and has attracted investment proposals, mainly in tourism, agriculture, textiles, healthcare, education, and information technology. Key stakeholders, investors, and policymakers attended the summit.
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Developer Elan Group secures Rs 1,200-cr investment from Kotak Real Estate Fund
Money Control
·
9m ago
Medial
Delhi-based developer Elan Group has secured a Rs 1,200 crore investment from Kotak Real Estate Fund. The funds will be used for the company's expansion plans. Kotak Real Estate Fund focuses on various real estate asset classes and has raised over $3.5 billion since its launch in 2005. Elan Group's portfolio includes residential, commercial, and hospitality projects in Gurugram and New Delhi. The investment will help the company accelerate ongoing projects and pursue new developments. Previously, Elan Group received a Rs 425 crore investment from PAG in August 2022.
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Uttar Pradesh receives proposals worth Rs 40,000 crore under new semiconductor policy
Economic Times
·
1y ago
Medial
The Uttar Pradesh government is attracting investment proposals worth Rs 40,038 crore for semiconductor manufacturing projects. Hiranandani group's Tarq Semiconductor is set to invest Rs 28,440 crore, while Kaynes Semicon is planning an investment of Rs 4,248 crore. Aditech Semiconductor and Vamasundari Investment Delhi are proposing investments of Rs 3,751 crore and Rs 3,599 crore, respectively. The projects are expected to generate over 32,000 jobs in the state and position Uttar Pradesh as a competitive destination for semiconductor investments. The state government is working on providing necessary infrastructure and support for the projects.
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Pilgrim secures ₹200 crore to expand offline presence
Inshorts
·
4m ago
Medial
D2C beauty and personal care brand Pilgrim has raised ₹200 crore via a mix of primary and secondary transactions at a pre-money valuation of ₹3,000 crore. The round saw participation from existing investors Narotam Sekhsaria Family Office, Vertex Ventures SEAI, and Mirabilis Investment Trust.
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Dolomite secures ₹50 cr to expand
Livemint
·
1y ago
Medial
Dolomite Restaurants, parent company of Jamie’s Italian and Jamie’s Pizzeria in India, secured ₹50 crore in funding from existing investors Hunch Ventures and International Market Management. The investment will support the opening of new restaurants, including a variant called Jamie Oliver Kitchen, and the expansion of its Jamie’s Cafe partnership with FabIndia. The company aims to become a ₹500 crore topline entity and focus on the cafe and casual space for higher margins.
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KKR-backed IndiGrid secures $300 mn funding for new green energy platform
VCCircle
·
8m ago
Medial
KKR-backed IndiGrid has secured $300 million funding from overseas development financiers to establish a green energy platform in India. The funding was provided by British International Investment, Norwegian Climate Investment Fund, and KLP. The new platform, called EnerGrid, will focus on developing greenfield transmission and standalone battery energy storage system projects in India. IndiGrid is the country's first infrastructure investment trust in the power sector and has assets under management of over Rs 29,700 crore. The funding will help IndiGrid create a growth pipeline in the under-construction space and meet India's increasing power demand.
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Exclusive: Battery Smart To Raise $45 Mn From Acacia, MUFG, Existing Investors
Inc42
·
1y ago
Medial
Delhi-based battery-swapping startup Battery Smart is set to raise around INR 376.3 crore (approximately $45 million) in a Series B funding round. Both existing and new investors, including Acacia Inclusion Ltd, MUFG Bank, and Panasonic-Kurashi Fund, will participate in the investment. Following the funding, Battery Smart is valued at approximately $350 million. The capital raised will be used for business growth and expansion. Battery Smart offers battery swapping solutions and charging infrastructure in Delhi NCR and competes with other players such as Chargeup and Sun Mobility in the battery swapping space.
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Angels sit on multibagger gains as Sonu Sood's social media app gets $45-mn tag
VCCircle
·
1y ago
Medial
New Delhi-based social media app, Explurger Pvt. Ltd, co-founded by actor Sonu Sood, has attracted angel investors who are now enjoying substantial gains as the company raises funds at a significantly higher valuation. The app, focused on the travel sector, recently secured a new round of investment at a valuation of $45 million.
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EV startup Turno raises $5.5 Mn led by BII
Entrackr
·
1y ago
Medial
Commercial electric vehicle (EV) distribution and financing Turno has raised Rs 46 crore ($5.5 million) from new and existing investors. The new capital infusion for the Bengaluru-based firm came after 15 months. The board at Turno has passed a special resolution to allot 18,057 compulsory convertible preference shares at an issue price of Rs 25,509 each to raise Rs 46 crore, its regulatory filing accessed through the Registrar of Companies (RoC) shows. British International Investment invested Rs 24.94 crore while existing investors and Quona Accion, Stellaris Ventures, and B Capital participated with 6.89 crore, Rs 9.27 crore, and Rs 4.95 crore respectively. According to the filings, the company will use these funds for expansion and to meet working capital requirements as decided by the board. As per startup data intelligence platform TheKredible estimates, Turno is valued at around Rs 587 crore or $71 million post-money. The round seems to be an ongoing one and the firm is likely to raise more money and the firm’s worth will change accordingly. Following the fresh investment, Stellaris Ventures holds 18.68% stake in Turno while B Capital, Quona Accion, and British International Investment have 7.70%, 6.54%, and 4.25% stake, respectively. Founded by Hemanth Aluru and Sudhindra Reddy, Turno is a commercial vehicle marketplace which sells three-wheel EVs such as Mahindra & Mahindra, Piaggio, Euler Motors, and Etrio among others. It also provides financing options across Delhi, Telangana, Maharashtra, et al. The company has raised around $22.5 million to date including a $13.8 million in its Series A round in February last year. Incorporated in 2021, the company was at pre-revenue during the fiscal year ended March 2023 with a loss of Rs 27 crore in the same period. Tuno is yet to file annual results for the last fiscal (FY24).`
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Dezime secures ₹2.5 crore in pre-seed funding
Inshorts
·
4m ago
Medial
Dezime, a tech-driven interior solutions startup, has secured ₹2.5 crore in pre-seed funding from strategic investors, including Rishi Kajaria of Kajaria Tiles and Rishi Gulati of Chalo Holdings. The funding will enhance Dezime's AI and 3D visualisation technology, improving customer experiences. Focused on Delhi NCR, Dezime aims to offer faster, personalised home design solutions.
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