New-age tech companies raised a total of $409 million in November across 63 rounds, according to data from market research firm Tracxn. Overall funding for the month was down 40% in terms of value compared to a year earlier, when startups raked in $682 million from 136 rounds.
The 14 Largest Global Startup Funding Rounds of October 2023 – AlleyWatch alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.
Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm.
Peak Ventures’ first investment fund of about $150 million is expected to accelerate the fundraising process following Nayar’s onboarding, managing partner Samir Shah told ET. The firm has received approval from the Securities and Exchange Board of India (Sebi) to induct Nayar as a general partner.