Paromita Gupta: Page 20
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Ethnic Fashion Brand Libas Gains INR 150 Cr Maiden Funding from ICICI Venture's Fund
The fresh capital is expected to help build omnichannel presence for Libas, strengthen its current digital leadership position, and accelerate offline expansion across geographies with a focus on exclusive brand retail outlets.
Jaipur Watch Company Garners INR 20 Mn for Luxury Manufacturing Push
The company aims to deploy the raised funds to establish a dedicated gold watch manufacturing unit, expand its product line with innovative designs, enhance marketing efforts, and invest in advanced technology and skilled artisans to improve production efficiency.
Sorin Investments Announces INR 1,350 Cr Early-Stage Maiden Fund Closure
The Mumbai-based VC firm is aiming to invest in startups looking to raise Series A and B funding across tech and tech-enabled business sectors.
Turno Bags USD 6 Mn in Series A Extension Round from BII and Others
The Bengaluru-based EV segment focused Turno aims to deploy the raised capital for market expansion and build on its battery technology platform.
Avendus Launches Future Leaders Fund III with a Target AUM of USD 350 Mn
The Mumbai-based fund plans to make 10–12 investments with an average allocation of INR 200–300 crore per investment, targeting sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing.
BlackRock's ETF Becomes Largest Bitcoin Fund in World; Overtakes Grayscale
On January 11, the total volume was over USD 4.6 billion, with GBTC comprising about half of it at USD 2.33 billion. IBIT ranked second with USD 1.03 billion, while FBTC stood third with USD 712 million
