Posts in category Business Standard
Former Alibaba India head, 9Unicorn partner launch Rs 1,000 cr fund (18-07-2024)
Former head of investments at Alibaba Group's India business Raghav Bahl and 9Unicorns ex-partner Soham Avlani on Thursday announced the launch of PROMAFT Partners -- a Rs 1,000-crore venture capital fund.
The sector-agnostic fund seeks to invest in companies that have proven exceptional 'product-market-fit'. It plans to make 10-12 investments, with two-three investments in a year.
"Growing without product-market-fit is like driving fast in the wrong direction. And product-market-fit without sustainable competitive advantage doesn't create shareholder value. We encourage our entrepreneurs to grow slowly, while investing in the core fundamentals of the business.
"We plan to make two-three investments per year. We are backed by prudent investors, which gives our entrepreneurs the advantage to build for the long term," Bahl said.
The fund is also backed by Indian family offices and market leaders like Paytm, Zomato, Browserstack, Livspace, PharmEasy, and VideoVerse who will also ...
Tech stock rally drives mkts to fresh highs; Nifty a whisker away from 25K (18-07-2024)
The Sensex closed at 81,343, with a gain of 627 points, or 0.8 per cent. From the intra-day lows, the index climbed nearly 1,000 points
Board of Ircon International approves change in CEO (18-07-2024)
At meeting held on 18 July 2024
Board of Ircon International approves closure of Indian Railway Stations Development Corporation (18-07-2024)
At meeting held on 18 July 2025
Bank of India raises Rs 5000 cr via Infra bond issuance (18-07-2024)
Powered by Capital Market - Live News
Board of Bank of Maharashtra approves raising infra bonds up to Rs 10,000 cr (18-07-2024)
At meeting held on 18 July 2024
Blue Cloud wins AI Transformation project from Vidyavikas group of Education Institutions (18-07-2024)
Blue Cloud Softech Solutions has secured strategic 'Al Transformation' Project from reputed 25 year old Vidyavikas group of Educational Institutions.
Shoppers Stop Board approves additional investment in Global SS Beauty Brands (18-07-2024)
At meeting held on 18 July 2024
Milky Mist gears up for Rs 2,000 cr IPO at a valuation of Rs 20,000 cr (18-07-2024)
Through this, the company will be following in the footsteps of other listed players including Hatsun Agro Product, Heritage Foods, Parag Milk Foods, and Dodla Dairy
VL E-Governance & IT Solutions to acquire 26% stake in HAL-Edgewood Technologies (18-07-2024)
VL E-Governance & IT Solutions has entered into a binding term sheet with Edgewood Ventures LLC, USA on 18 July 2024 for acquisition of 26% equity stake in HAL-Edgewood Technologies (HETL).