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PE-VC investments in startups dropped 11% yoy, deals fell by 33% in 2023: Report

CFO News

According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.

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Safety net in works to widen local funding pool for startups

CFO News

Government is crafting a framework to enable pension funds and insurers to invest in startups, aiming to boost domestic capital. Efforts include redefining startup criteria, educating investors, and potentially expanding existing funding schemes.

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Finance tech startup Bunker raises over $5M

CFO Dive

The funds will be invested toward product development, growing the company’s team and accelerating its “go-to-market strategy,” according to Bunker CEO Shivom Sinha.

Startups 223
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GM, Hyundai Invest In Self-Driving Tech Startup

PYMNTS

Some of the world’s largest car makers and auto industry investors are pumping tens of millions of dollars into a United Kingdom startup with an augmented reality (AR) head-up display system for drivers, The Wall Street Journal (WSJ) reported.

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MiB: Steve Case on AOL, Startups & Venture

Barry Ritholtz

This week, we speak with Steve Case , co-founder of America On-Line (AOL), founder of investment firm Revolution , Chair of the Smithsonian, and author of The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream. How to Invest: Masters on the Craft by David M. Steve Case’s current reading.

Startups 125
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Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic

PYMNTS

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. The additional investment brings the company’s total money raised to over $40 million.

Startups 100
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Exclusive: Lenskart, Purplle, Healthkart may raise fresh funds as big-ticket startup deals gain momentum

CFO News

Big-ticket investments on horizon for companies that have emerged stronger after Covid. Indian startup sector witnesses a resurgence in big-ticket deals of $100 million or more. Firms like Lenskart and Purplle are in talks for significant investments, while companies like HealthKart and Rapido negotiate fresh funding rounds.