In a shocking scam worth crores, Gujarat High Court denied bail to the main accused in a cumin scam whereby another accused took loans on cumin and sold it, then filed a theft complaint to get insurance.
Relaxation measures suggested by SEBI for startups to attract additional capital
December 16, 2020
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A slew of relaxation measures for startups as suggested by SEBI is expected to attract additional capital and open up exit options for investors.
On December 14, SEBI proposed a framework for listing on the Innovators Growth Platform (IGP). The genesis of IGP can be traced back to 2015, when SEBI introduced the Institutional Trading Platform (ITP) with a view to build a real-time, liquid public market platform for new economy companies both for raising funds as well as exploring exits.
As the ITP framework failed to take off, it got renamed to IGP. In an effort to kickstart this platform, and to ensure that investors and startups both gain, SEBI has proposed a set of actions .
[Funding alert] Agritech startup Arya raises $21M in Series B round led by Quona Capital
Noida-based Arya will use the funding to expand financing to farmers through its embedded fintech arm and strengthen its digital post-harvest services and market linkages platform A2Z Godaam.
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Series B round, having raised
$21 million in a mix of equity and debt.
The equity round was led by Quona Capital, a venture firm focused on fintech in emerging markets, alongside existing investors
LGT Lightstone Aspada and omnivore . Multiple lenders also participated in providing additional debt financing to the company.
As part of the investment, Varun Malhotra, Principal at Quona Capital, will join the Board of Arya.