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Setting a new standard in startup investment: Turbostart launches TS Bridge on its fifth anniversary
Economic Times
·
9m ago
Medial
Turbostart, a startup ecosystem platform, has launched TS Bridge, a platform that connects investors with vetted startups. TS Bridge offers two investment categories, Scout and Rise, to cater to different growth stages of startups. Turbostart's five Centres of Excellence (COEs) in technology, marketing, sales, design, and strategy provide support to portfolio companies. The launch event included discussions on fostering innovation and entrepreneurship in Karnataka. TS Bridge aims to transform angel investing by providing a co-investment platform with comprehensive due diligence reports and real-time portfolio tracking. It aims to create a more transparent and accessible startup investment ecosystem.
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Venture fund TurboStart launches new platform to connect startups and investors
Economic Times
·
9m ago
Medial
Bengaluru-based venture capital firm TurboStart has launched TS Bridge, an investment platform aimed at connecting investors with startups at various stages of development. The company plans to scale up its network of investors to 1,000 within its first year and support over 30 startups in the initial phase. TurboStart's model allows for smaller ticket sizes, making it more accessible for a larger number of investors. It has already invested in 52 startups since its inception in 2019. TS Bridge offers two investment categories: Scout, for early-stage startups, and Rise, for later-stage startups.
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Affirma spins a multi-bagger as it charts over $600 mn harvest from India
VCCircle
·
8m ago
Medial
Affirma Capital, an emerging markets-focused private equity firm, has achieved significant returns through a portfolio company in its fifth profitable exit in three years. The firm, which is set to raise its first India-focused investment vehicle, is also seeking to monetize its investment in a microlender. Affirma Capital is a spinout from Standard Chartered Private Equity and has a strong track record in the Indian market.
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High-end department store retailer Saks launches Amazon storefront
Economic Times
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3m ago
Medial
Saks Fifth Avenue is partnering with Amazon to launch a storefront on its platform, selling luxury designer products like Dolce & Gabbana and Balmain. This venture is part of Amazon’s strategy to expand into high-end retail through Amazon Luxury. Saks, which controls its own merchandise and fulfillment, aims to access Amazon’s luxury customers and gain insights into customer engagement. This collaboration follows Amazon’s investment in Saks Global, Saks Fifth Avenue's parent company.
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Grapevine: Mutares opens Mumbai office, eyes fresh deals; ReNew mulls project sale
VCCircle
·
1y ago
Medial
Turnaround specialist Mutares is setting up an office in Mumbai and looking for potential acquisitions in India. The Munich-based company recently acquired an 80% controlling stake in Peugeot Motorcycles from Mahindra group. Mutares already has a presence in India through its subsidiaries Cooper Standard and MoldTecs India. The move is part of Mutares' aim to expand its operations in the country and pursue new investment opportunities. Meanwhile, renewable energy company ReNew is considering selling some of its projects to raise funds for future investments.
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Investment advisory firm Equentis launches maiden angel fund
VCCircle
·
7m ago
Medial
Investment advisory firm Equentis Wealth Advisory Services has launched its maiden angel fund, the Equentis Angel Fund, with a target corpus of $60 million. The fund will focus on early-stage, high-growth Indian startups in their Pre-Series A and Bridge-to-Series A funding rounds, with investments in the range of $530,000 to $1.3 million. The fund aims to invest in 40-50 startups over the next 18-24 months, with a focus on sectors such as defence, consumer-tech, deeptech, logitech, fintech, and AI. Equentis has already made its first investment in logitech startup OORJAA.
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Turbostart leads $2.5 Mn round in Lighthouse PropTech
Entrackr
·
4m ago
Medial
Snippets Turbostart leads $2.5 Mn round in Lighthouse PropTech Proptech startup Lighthouse PropTech has raised $2.5 million in a new funding round. Turbostart led the round with $1 million, along with participation from the Dabur Family Office and several other HNI family offices, valuing the company at $13.5 million. The fresh funds will be utilized for expansion as it builds a technology-driven platform for luxury real estate transactions in India, Lighthouse stated in a press release. Launched by Sumesh Mishra, Lighthouse PropTech aims to empower its clients with innovative solutions to efficiently manage their luxury real estate portfolios. The company’s offerings include Luxury Listings—an exclusive platform showcasing premier, handpicked properties—and Luxury Exclusives, which provides tailored experiences and bespoke property opportunities. According to Lighthouse PropTech, it is developing a next-generation digital platform to transform luxury real estate transactions for HNIs and UHNIs, offering a seamless, AI-powered investment experience. Market research indicates that India's luxury real estate market is experiencing unprecedented growth, with the segment expected to surpass $100 billion by 2030, growing at a CAGR of 21.81%. Founded in 2019, Turbostart is a global early-stage venture capital firm and accelerator. With a global presence spanning India, the Middle East, the US, and Singapore, Turbostart has launched five funds over five years, supporting over 50 diverse startups across various sectors and stages.
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Luxury car maker BMW launches first fully electric BMW iX1 car in India
IndianStartupNews
·
1y ago
Medial
German car manufacturer BMW has launched its first fully electric vehicle, the BMW iX1, in India. The electric model of the BMW X1 was sold out within hours of its launch and will begin deliveries next month. Priced at Rs 66,90,000, the BMW iX1 offers modern design, advanced technology, and sustainability. It features a digital BMW Curved Display, Active Seats, and a range of standard equipment. Equipped with fifth-generation BMW eDrive technology, the car offers a range of 417-440 km and fast charging capabilities. BMW India Financial Services is offering a complete package for loan, insurance, and vehicle services for the BMW iX1.
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First Bridge nears halfway mark for second PE fund, gets new LP
VCCircle
·
8m ago
Medial
Indian private equity firm First Bridge is nearing the halfway mark for its second fund and has added a new limited partner (LP) to its roster. Led by KK Rathi and Vishal Gupta, First Bridge is based in Mumbai and has been successful in attracting LPs for its investment vehicles. The firm's latest fund is making progress towards its target, highlighting the confidence of investors in First Bridge's investment strategy.
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AuraML raises $1 Mn in pre-seed round led by Turbostart
Entrackr
·
1m ago
Medial
Snippets AuraML raises $1 Mn in pre-seed round led by Turbostart Deeptech startup AuraML has raised $1 million in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network (IAN), and other investors. The funds will be used to accelerate product development, expand its presence in the US, and scale enterprise pilots across warehouse automation, industrial robotics, and next-generation autonomous systems. Founded by Ayush Sharma, AuraML is building a generative simulation platform that allows robotics companies to model, test, and deploy systems faster, more safely, and at lower cost. Its technology helps bridge the “sim-to-real” gap faced by traditional simulation tools, offering realistic testing environments for autonomous mobile robots (AMRs) and forklifts. AuraML’s simulation capabilities include text-to-world generation, advanced sensor noise modeling for LiDAR and camera data, and scalable cloud-based multi-robot deployment testing. By shifting from physical to virtual testing, AuraML claims to cut timelines from six months and $500,000 to just one week at a fraction of the cost. Its platform, AuraSIM, combines physically accurate 3D environments and synthetic data engines to support scalable, real-world-ready robotics development.
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Kinara Capital launches Rs 500 crore fund to empower women entrepreneurs
IndianStartupNews
·
1y ago
Medial
Leading Indian fintech company Kinara Capital has launched a new fund of INR 500 crore ($67 million) to mark the 5th anniversary of its HerVikas program, which supports women entrepreneurs by providing easier access to formal credit. New benefits under the program include a 1% interest rate discount on collateral-free business loans, a 60-day repayment holiday, and a 50% reduction in loan processing fees. Since its inception, the HerVikas program has disbursed over INR 700 crore ($94 million) in collateral-free loans, supporting 5,800 women MSME entrepreneurs across India.
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