Tiger Global Plans $2.2 Billion Venture Capital Fund Tiger Global Management is set to raise a smaller venture capital fund as it returns to its earlier, more disciplined investment strategy. According to a Bloomberg report, the New York–based firm is targeting about $2.2 billion for its next fund, known internally as PIP 17. This is a sharp reduction from its previous mega funds raised during the pandemic-era market boom. Shift From Mega Funds to Focused Deployment Tiger Global’s last two venture vehicles were significantly larger, raising $6.7 billion and $12.7 billion respectively. The new fund signals a meaningful shift away…
Author: Aman Atulya
Emergent Secures Strategic Investment From Google AI Futures Fund AI-driven software creation platform Emergent has raised a strategic investment from the Google AI Futures Fund, the venture initiative launched in May 2025 to support early-stage companies building next-generation artificial intelligence products. The terms of the investment were not disclosed. Fresh Capital Follows $23 Million Series A The development comes shortly after Emergent’s $23 million Series A round, led by Lightspeed, with participation from Together Fund and other global backers. The new investment reinforces strong institutional interest in autonomous AI agents capable of eliminating traditional software development cycles. Capital to Boost…
Anil Ambani-led Reliance Group has announced that its subsidiary Reliance Infrastructure is setting up one of India’s most advanced, fully integrated solar manufacturing ecosystems. The facility will span the entire value chain ingots, wafers, solar cells, and module manufacturing and is designed to close a major supply gap in India’s clean energy market. India’s Rising Solar Module Demand According to the company’s investor presentation, India will need 5,560 GW of solar modules annually by 2030, driven by rapid adoption of utility-scale projects, rooftop deployments, and industrial clean energy mandates. Despite this surge, India’s upstream manufacturing capacity is significantly short, making…
South Korea’s HD Hyundai, one of the world’s largest ship manufacturers, has announced plans to build a major shipyard in Thoothukudi, Tamil Nadu, under a strategic manufacturing expansion initiative. According to a government source, the project could involve an investment of around $2 billion, marking one of the largest shipbuilding commitments in India by a foreign company. Make in Tamil Nadu Vision for Maritime Manufacturing Addressing the Tamil Nadu Investment Conclave 2025, Hannae Choi, Vice-President at HD Korea Shipbuilding & Offshore Engineering (HD KSOE), said the initiative was initially conceptualised as the SMITH project Shipbuilding Make in India Together with…
Koriken, a next-generation Korean Quick Service Restaurant (QSR) brand, has secured ₹4 crore in seed funding from Rukam Capital, a venture capital firm focused on early-stage consumer brands. The investment will accelerate Koriken’s expansion strategy and strengthen its position as an emerging category leader in Korean dining. Expansion Strategy The fresh capital will fuel Koriken’s next phase of growth, including new flagship outlets, high-street locations, improved brand visibility, and scaled operational systems. The funding will also support talent development and core team building, helping the brand maintain consistency and operational excellence across multiple formats. QSR Differentiation Koriken is reimagining Korean…
Bengaluru-based orthopedic recovery startup Lumov has raised $1.2 million (Rs 10 crore) in a seed funding round led by Incubate Fund Asia. The round also included participation from QRG Investments & Holdings (Havells Family Office), IIMA Ventures, SIDBI, and several prominent angel investors such as Ashish Gupta, Saket Narang, Abhishek Goyal, and Arjun Vaidya. Capital Deployment for Product Innovation and Expansion Lumov plans to utilize the fresh funding to scale operations, deepen surgeon partnerships, expand manufacturing capacity, and accelerate new product development. The company is preparing to widen its distribution footprint across Delhi NCR, Hyderabad and Mumbai, while enhancing its…
Venture capital firm Chiratae Ventures has introduced Sonic DeepTech, a fast-track capital deployment program aimed at supporting early-stage founders working in deep technology and frontier innovation. The initiative will invest from seed to Series A, offering cheque sizes of up to $2 million per company, with a priority on rapid decision-making. 48-Hour Investment Turnaround One of Sonic DeepTech’s core differentiators is speed. Chiratae said the program aims to compress the time between evaluation and investment, targeting a funding decision within 48 hours, enabling deeptech founders to progress more efficiently from prototype to product-market fit. In addition to capital, startups will…
Fino Payments Bank has received in-principle approval from the Reserve Bank of India (RBI) to convert into a Small Finance Bank (SFB), becoming the first payments bank in India to secure such authorisation. The approval comes nearly two years after Fino applied under RBI’s “on tap” licensing guidelines for private-sector SFBs. Expanded Scope Beyond Payments Bank Limits The conversion will allow Fino to offer larger deposit accounts, loans, and credit services to individuals and small businesses, marking a significant expansion from its current limitations as a payments bank. The move is expected to deepen Fino’s reach in rural banking, digital…
Home and sleep solutions brand Wakefit has raised ₹580 crore from 33 anchor investors at the upper price band of ₹195 per share, ahead of its IPO opening on December 8, according to a stock exchange filing. The company allotted 29,743,590 equity shares to anchor investors at ₹195 each to raise the stated corpus. Strong Domestic Mutual Fund Participation Of the total anchor book, 1.61 crore shares, or 54.3%, were allotted to nine domestic mutual funds across 21 schemes, mobilising ₹315 crore. Key domestic anchors include HDFC Mutual Fund, Axis MF, Mahindra MF, Edelweiss MF, and Tata MF, alongside Bajaj…
Indian conglomerate Adani Group and metals major Hindalco Industries are exploring investments in Peru’s copper sector, potentially through joint ventures or by acquiring stakes in existing mines, a senior Peruvian diplomat told Reuters. Peru, the world’s third-largest copper producer, is actively seeking new investment as it advances a free trade agreement (FTA) with India. Peru’s Copper Output and Investment Landscape Peru produced about 2.7 million metric tonnes of copper in 2024 and attracted $4.96 billion in foreign investment in the sector. Copper is a critical input for power infrastructure, construction, renewable energy, EV manufacturing, and industrial applications. Ambassador Javier Paulinich…