Photo: The Economic Times
India Needs $223 Billion Investment To Achieve Non-Fossil Power Capacity By 2030
The Government of India is aiming to increase non-fossil power with wind and solar capacity installation in India. For this, India will need an investment of USD 223 billion, which will help the installations by 2030. The BJP-led Government has set a target of 500 GW, aiming to provide half of its electricity through non-fossil fuel. The research was based on PM Narendra Modi's announcement of non-fossil emission at COP26.
Tags: PM Narendra Modi, Non-Renewable, Investment, research, Wind & Solar Capacity
Courtesy: Press Trust of India
Photo: Marketing Mind
India's 101st Unicorn, PhysicsWallah, Edtech Startup Acquires Investment Of $100 Million
PhysicsWallah, an edtech startup, has secured $100 million in Series A investment from Westbridge and GSV Ventures. It is the first education technology firm to accomplish this milestone and becomes India's 101st unicorn. PhysicsWallah provides online and offline courses and study resources for JEE, NEET, and other engineering entrance and state board exams. The platform provides live classrooms, video lectures, test series, and dynamic… read-more
Tags: India, 101st Unicorn, PhysicsWallah, Edtech Startup, Investment
Courtesy: Zee News
Photo: The Times Of India
PhysicWallah Startup Becomes 101st Unicorn Of India, Raises $100 Million
An ed-tech platform for medical and engineering entrance exams, PhysicsWallah, is a new addition to the unicorn club in India. With $100 million (around ₹777 crore) investment from companies. PhysicsWallah in its Series A funding round entered the club and became India's 101st unicorn. It is also the first startup company with huge investment from marquee investors Westbridge and GSV Ventures, in the edtech sector.
Tags: PhysicWallah, Startup, Investment, Funds, India
Courtesy: Live Mint
Photo: Facebook
INDEANTA Start-UP Raises $150,000 Investment In India
Electric mobility start-up INDEANTA collected $150,000 investment in round funding from IvyGrowth Associates and a network of Angel. The received investment will be a major boost, used to hire talented, innovation and improvements in technology, V2G(Vehicle to grid technology), and smart charging infrastructure, aiming expansion in India and abroad. Starting operation in 2020, the company is established in six cities and has a turnover of $2… read-more
Tags: Start-up, business, India, INDEANTA, Investment
Courtesy: The Free Press Journal
Photo: Business Standard
Karnataka Signs MoU With ReNew Energy, Brings Investment Worth Rs 50,000 Cr
At World Economic Forum in Davos, the Karnataka Government signed an MoU with ReNew Power, a leading renewable energy company. As per the inked MoU, the company will invest Rs 50,000 crore in the Karnataka Renewable energy sector in the next seven years. Signed in the presence of CM Bommai Basavaraj, the new proposal will bring green hydrogen, battery storage, and renewable energy units set up in Karnataka in phases.
Tags: Renew Power, Renewable Energy, Karnataka CM, MoU, Investment
Courtesy: ANI
Photo: The Hans India
Telangana Miniter KTR Attracts Rs 600 Cr Investment For Telangana At WEF 22
Telangana IT, Urban Development Minister KT Rama Rao attracted international investment of Rs 600 crore for Telangana. On May 23, day one of the World Economic Forum 2022 in Davos, KTR met with the representatives of the LuLu Group and Chemo Pharma. While the Lulu Group will investment of Rs. 500 crore in the food processing sector, Spain’s Chemo Pharma will invest Rs. 100 crore, expanding its unit in… read-more
Tags: KT Rama Rao, International Companies, Davos, WEF 22, Investment
Courtesy: Republic World
Photo: News18
LIC Raises Crores From Anchor Investors
Insurance giant LIC has raised Rs 5,000 crores from anchor investors. This comes ahead of its IPO. The LIC has allotted around 59.3 million shares to as many as 123 investors at the price of Rs 949 each. Domestic investors like SBI Mutual Fund, ICICI Prudential, Kotak Mahindra Life Insurance, Bajaj Allianz General Insurance and others have expressed interest in the LIC.
Tags: business, LIC, IPO, Insurance, Investment
Courtesy: Money Control
Photo: GoPaani
Indore-Based Software Company Raises Seed Funding Round From Angel Investors
Indore-based software company GoPaani has raised seed funding of USD 600,000 from early-stage venture capital firm 3one4 Capital and a number of angel investors. Ankit Ranka, the co-founder of GoPaani, noted, “We started GoPaani to solve the problems faced by over 1.2 million water delivery businesses in India like product loss, billing issues, poor customer service... we plan to focus on water delivery businesses."
Tags: business, Investment, funding, Angel Investors, Software Company
Courtesy: The Economic Times
Photo: FinMinIndia/Twitter
Nirmala Sitharaman Invites US Investors To Join Nation's "Growth Story"
Indian Finance Minister Nirmala Sitharaman has invited leading US investors to become a part of "India's growth story." Sitharaman held a round-table meeting with leading businesspersons in the private sector, top executives, institutional investors, among others. Sitharaman, who has been on an official visit to the United States, had recently also met with the World Bank President and the US Secretary of Commerce, to discuss economic… read-more
Tags: Finance Minister, business, Investment, investors, Nirmala Sitharaman
Courtesy: ANI
Photo: Facebook
Mumbai's Good Flippin' Burgers Attracts $1 Million Seed Funding
Mumbai's Good Flippin' Burgers brand attracted a round of funding worth $1 Million, on April 22. The seed funding for the burger company was from Kerala Blasters Football Club, IIFL Wealth & Asset Management, Wealth Management business, at IIFL Wealth & Asset Management. Other who participated in the funding round were Index Trader, Deen Dayal Investments, and people from the entertainment industry, taking the net worth to $1.1… read-more
Tags: Startup, Burger Joint, Good Flippin, Mumbai, Investment
Courtesy: Press Trust Of India
