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Yantra announces invest Rs.100 Crore in India's gen AI market
OutlookIndia
ยท
1y ago
Medial
Yantra Tech Innovation Labs Pvt Ltd (Yantra) has announced a Rs. 100 crore investment in India's Gen AI market. The company plans to hire 500 skilled professionals in the next two years. With offices worldwide, Yantra collaborates with CFOs and CIOs to develop Gen AI-led solutions for finance, operations, and business transformation initiatives. The investment aims to expand service offerings and enhance the capabilities of Yantra's Centre of Excellence in Pune, further driving technological advancements in India's Gen AI market.
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US-based business advisory firm Riveron acquires Yantra
YourStory
ยท
1y ago
Medial
Business advisory firm Riveron has acquired technology and advisory services provider Yantra Inc. The acquisition positions Riveron as one of the largest NetSuite Alliance Partners globally. Yantra brings expertise in data science, AI, Robotic Process Automation, and platform integrations and expands Riveron's technological offerings. Vikram Bhandari, founder of Yantra, will join Riveron as its Chief Technology and Innovation Officer. The acquisition also increases Riveron's global headcount to over 1,000 professionals. Earlier this year, Yantra had plans to invest in India's Gen AI market and establish a corporate excellence centre in Pune.
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8X Ventures announces first close of Rs 200 Cr DeepTech fund
YourStory
ยท
1y ago
Medial
8X Ventures has successfully closed its Rs 200 crore DeepTech Fund, with an option for an additional Rs 100 crore. The fund aims to invest in 18-20 deeptech startups in the next three years, providing initial cheques ranging from Rs 2-5 crore each and total investments of up to Rs 20 crore each in selected startups. The fund focuses on sectors such as WASH, Industry 4.0, Advanced Computing, BioTech, and B2B Enterprise SaaS. 8X Ventures aims to invest in companies that introduce new technologies and demonstrate a clear strategy for commercial success.
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Kriscore Capital announces first close of Rs 200 Cr
Entrackr
ยท
2m ago
Medial
Kriscore Capital, a newly launched venture firm focusing on early-stage Indian tech startups, has announced the first close of its maiden Rs 200 crore ($23.3 million) fund, with an initial corpus of Rs 100 crore and a greenshoe option for an additional Rs 100 crore. The fund has secured Rs 50 crore in commitments from family offices and high-net-worth individuals. It plans to invest in 16-18 tech-driven startups at the pre-seed and seed stages, targeting sectors such as digital consumer services, supply chain resilience, global export potential, generative AI, and net-zero initiatives. Kriscore has already deployed its first investment in a stealth-mode startup. General Partner Nilesh Balakrishnan, formerly of WaterBridge Ventures, said the firmโs commitment to providing strategic mentorship alongside capital to build globally impactful businesses. Kriscoreโs advisory board includes industry leaders such as D Sundaram (Infosys), Shyam Srinivasan (ex-Federal Bank), and Manish Khetarpal (WaterBridge Ventures), further enhancing the firmโs strategic capabilities.
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Mumbai-based venture debt firm Alteria Capital announces final close of Fund III at Rs 1,550Cr
IndianStartupNews
ยท
1y ago
Medial
Mumbai-based venture debt firm Alteria Capital has closed its third fund at Rs 1,550 crore, exceeding its initial target of Rs 1,000 crore. The firm aims to continue supporting startups across various sectors, including consumer brands, fintech, and emerging areas like Gen AI and spacetech. It has already deployed 50% of the fund's capital to ventures such as OneCard and Renee Cosmetics, with a goal to back around 100-125 companies by December 2026. In addition to its venture debt fund, Alteria has introduced a shorter-duration scheme to address the short-term capital needs of startups in the consumer and fintech sectors.
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Alteria Capital announces final close of Fund III at Rs 1,550 Cr
Entrackr
ยท
1y ago
Medial
Mumbai-headquartered venture debt firm Alteria Capital has announced the final close of its third fund at Rs 1,550 crore (approximately $187 million). The fund was oversubscribed with a target size of Rs 1,000 crore and a green shoe option. Alteria Capital, which has backed startups such as Rebel Foods, BlueStone, OneCard, Ather and Captain Fresh, will continue backing startups across consumer brands, e-commerce, fintech, logistics, business-to-business platforms, rural and agritech, healthcare, and climate tech. It will also evaluate companies in the Gen AI and spacetech segments. While it closed the venture debt scheme at Rs 1,550 crore, the shorter duration scheme, currently under subscription, is expected to raise around $105 million. The shorter duration scheme is likely to see its final close by the end of 2024. It will be available to all portfolio companies with the average cheque size ranging between Rs 3 crore and Rs 100 crore. The fund has already deployed 50% of the total capital commitments to portfolio companies, including OneCard, Renee Cosmetics, Samunnati, Blissclub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.
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Maverick Simulation to invest Rs 50 Cr in R&D for medical training technologies
YourStory
ยท
2m ago
Medial
Maverick Simulation Solutions, a Delhi-based medical simulation company, plans to invest over Rs 50 crore in R&D to enhance its healthcare training products with AI, AR, and VR technologies. Founded in 2019, Maverick supplies simulators to over 100 institutions including AIIMS and IITs. The company reported Rs 100 crore revenue for FY 2024โ25 and aims for Rs 300 crore next year, while expanding its reach to 250 institutions, focusing on developing realistic training tools.
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Ola Krutrim to Invest Rs 10,000 Crore in Krutrim AI Over Next One Year
OutlookIndia
ยท
5m ago
Medial
Ola Krutrim plans to invest Rs 10,000 crore in Krutrim AI over the next year, aiming to bolster India's AI infrastructure. They already invested over Rs 2,000 crore creating India's largest AI computing clusters using NVIDIA technology. The company launched the Krutrim AI Lab and new AI models like Chitrarth-1, which supports multiple Indian languages. Their focus is on cost-effective, India-specific AI solutions, reducing dependency on expensive international models.
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Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore
Economic Times
ยท
1y ago
Medial
Venture capital firm IvyCap Ventures has closed its third fund at Rs 2,100 crores (~$280 million). The firm plans to invest in 25 early-stage startups, with an average investment amount of Rs 30-50 crore. IvyCap has already invested 40% of the capital from the fund in startups like Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme. The fund attracted investments primarily from domestic limited partners and local family offices. IvyCap also set aside Rs 100 crore for seed-stage investments. The firm is looking at disruptive sectors like consumer tech, health tech, fintech, and climate tech.
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Hyderabad Angels Fund launches Rs 150 Cr VC fund
Inshorts
ยท
1y ago
Medial
Hyderabad Angels Fund has launched its inaugural venture capital fund, classified as a Category 1 AIF, with an initial investment pool of Rs 100 crore along with an optional additional greenshoe of Rs 50 crore. The fund will be tailored for tech and AI-driven startups prioritising scalability. It aims to invest up to Rs 5 crore each in 20 startups.
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Haf.vc floats venture capital fund to strike tech bets
VCCircle
ยท
1y ago
Medial
Hyderabad Angels has launched its first venture capital fund, Haf.vc, focusing on technology and AI-based startups. With an initial Rs 100 crore (around $12 million), the fund plans to invest in early-stage companies and has the option to increase its corpus to Rs 150 crore. Haf.vc aims to support and nurture promising startups in the technology and AI sectors.
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