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The firm is now poised to make investments in early-stage startups specializing in Fintech, SaaS and Deeptech, offering funding in the range of Rs 2 crore Rs 6 crore. ....
GrowthCap Ventures, an early-stage venture capital firm floated by former BharatPe chief business officer Pratekk Agarwaal, has marked the first close of its maiden fund, .. ....
Mumbai (Maharashtra) [India], December 22 (ANI/NewsVoir): Algorithm-based InvesTech start-up, Octanom Tech, has raised an undisclosed amount at a pre-money valuation of USD 2.2 million in its pre-seed round led by Shankar Vailaya, Ex-Director of Sharekhan Ltd., Nitin Gupta (Founder & CEO, Asymmetrique) among other angel investors. Over the last two years, particularly during the pandemic, retail traders and investors in the Indian financial markets have displayed great resilience and a deep interest in looking after their own finances and growing their money. Octanom Tech's objective is to empower these individuals through its distinct products and technology so as to make a large enough difference to their financial outcomes. Octanom Tech plans to launch three platforms, in the InvesTech space, over the next two years in India and the U.S. Octanom's Founder, Rahul Ghose, is the former Head of MoneyFlix.com. He has been a professional trader with more than a decade and a ha ....
Regulatory eye on NBFC financing of HNIs’ IPO appetite SECTIONS Share Synopsis Top 10 finance cos raised Rs 1.8 lakh cr via CPs in last 6 months; RBI proposes funding cap to remove arbitrage, reduce systemic risks. NBFCs have been funding high net worth individuals through short-term lending, sometimes for just five-seven days. MUMBAI: Regulators are keeping a close eye on the deluge of shadow bank lending to individuals looking to take advantage of the boom market in initial public offers (IPOs), mindful of potential systemic risks, said people with the knowledge of the matter. RBI’s draft paper on the proposed regulatory framework for nonbanking finance companies (NBFCs) released last Friday suggested a funding cap of Rs 1 crore per individual for a shadow bank. Banks can lend Rs 10 lakh per person for IPO financing. ....