Singapore VC firm Golden Gate Ventures rolls out $100-mn MENA fund
Golden Gate Ventures, a Singapore-based early-stage venture capital firm that manages assets worth $250 million across three continents, has launched a Middle East and North Africa–focused investment vehicle in Qatar. The Southeast Asian VC firm launched the MENA fund with a $100 million target and secured commitments worth $20 million from ......
Jungle Ventures leads $20 mn Series B round in RED.Health
Medical emergency response platform RED.Health, which claims to dispatch ambulances within eight minutes, has raised $20 million (Rs 167 crore) in its Series B funding round led by venture capital firm Jungle Ventures. The funding round also saw participation from existing and new investors including HealthQuad, HealthX, and Alteria Capital. The fresh funds will ......
Dubai's DFDF plans to deploy half corpus by this year across direct, fund-of-fund bets
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund, aims to hit the halfway mark of its initial corpus in terms of deployment by the end of the current year, three years since its launch, according to a top company executive. Eyeing startups in the generative AI, climatetech ......
Deals Digest: Funding value surges on back of big-ticket financial services deal
Private equity (PE) and venture capital (VC) investment saw a substantial jump in terms of value, propelled by a large PE investment in the financial services space. Deal volume, however, dipped slightly this week with the overall number reducing by three deals as compared to the week before. Startups this week raised ......
MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit
Funding activity in the Middle East and North Africa region during the week was led by a slew of UAE and Saudi Arabia-based tech-backed startups. While Saudi logistics player Wheekeep secured growth-stage funding, the UAE-based proptech startup Property Finder raised debt financing to provide an exit to its first institutional ......
Matel, three others secure early-stage funding
E-mobility startup Matel, spiritual tech startup InstaAstro, local savoury startup The Betel Leaf Co and co-working startup Stylework secured early-stage funding, the companies said on Wednesday. Matel Matel has raised $4 million (Rs 33.4 crore) in a Series A funding round led by Transition VC. The round also saw participation from Nikhil Kamath’s Gruhas and Haresh ......
Transforming Real Estate: India’s leading proptech program successfully concludes Cohort II with speed scaling 5 incredible startups
After six months of intensive collaboration, innovation, and growth, Gruhas Aspire is proud to announce the successful conclusion of the IInd edition of its Proptech Speed Scaling Program launched by Gruhas, DLF Family Office and Anthill Ventures. This milestone marks the culmination of a transformative journey for this year’s participating ......
Niqo Robotics snags $13 mn in Series B round
Agriculture robotics startup Niqo Robotics Wednesday said it has raised $13 million (Rs 109 crore) in its Series B funding round that was led by Bidra Innovation Ventures. The round also saw investments from new investor Fulcrum Global Capital and existing investor Omnivore. This funding round brings Niqo’s total fundraising to $21 ......
Bottomline: How PlasmaGen Bio plans to break its streak of revenue stagnancy
Bengaluru-based biopharmaceutical company PlasmaGen Biosciences Pvt. Ltd, backed by venture capital firm Eight Roads Ventures, is poised to break out from a stagnant revenue run-rate, as it shifts towards majority in-house manufacturing, top company officials informed VCCircle. While the company’s topline has been stuck in the range of Rs 100-110 crore ......
Cold-chain marketplace Celcius Logistics snags $5 mn In pre-Series B
Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, Tuesday said it has raised Rs 40 crore ($4.8 million) in its pre-Series B funding round led by existing investor IvyCap Ventures. Other investors participating in the funding round included Mumbai Angels and Caret Capital. The latest funding follows the Series A funding round of ......
