August 12, 2023, 6:08 am

Chakr Innovation raises funds

Climate tech startup Chakr Innovation has raised INR 18 Cr ($2.2 Mn) funding from the Export-Import Bank of India (EXIM Bank). 

Founded in 2016 by Kushagra Srivastava and Bharti Singhla, Chakr Innovation works in the segment of environmental sustainability and pollution reduction. The startup specialises in producing certified emission control devices for stationary diesel generators to mitigate air pollution and its adverse environmental and public health effects. 

Source : Inc42

August 12, 2023, 6:06 am

Antler launches venture platform for founders building on ONDC

Antler India launched an Open Network for Digital Commerce (ONDC)-focussed venture platform, Antler ONDC, on Wednesday (August 9). The platform aims to provide resources, an expert network, community and capital to founders building on ONDC.

As shared by the Singapore-based VC firm, the platform will offer pre-seed capital of $300K, along with an additional investment of up to $200K, to the teams that have workable ideas.

Source : Inc42

August 12, 2023, 6:03 am

UBS launch white paper on The Rise of the Impact Economy

The UBS Sustainability and Impact Institute today released its latest white paper, ‘The rise of the impact economy: Evolving to the next level,’ and makes a compelling argument for adopting new economic metrics that price in profit, people and planet, and reach beyond outdated output metrics such as GDP. Read it here:

August 12, 2023, 6:02 am

Launch of the Blue Carbon Handbook

The Blue Carbon Handbook: Managing blue carbon as a nature-based solution for supporting sustainable development’ is an essential guide to blue carbon ecosystems and the benefits they provide to people and nature.

The handbook was developed to provide decision-makers with a broad understanding of blue carbon, and to help support decision-making and project implementation. Read more here:

August 12, 2023, 6:00 am

ASK Private Wealth launched its first private credit fund worth $120 million

ASK Private Wealth, the wealth advisory and family office arm of ASK Group, on Tuesday, said it has launched its first private credit fund worth $120 million (Rs. 1,000 crore), as the asset class continues to gain ground among companies seeking alternative ways to raise capital

Source : Deal Street Asia

August 12, 2023, 5:58 am

Caravel Group share their bold new

Building on our inaugural Responsibility Report, we’ve spent this past year delving deeper, engaging with key stakeholders, and refining our sustainability approach based on global best practices.

Our 2022 Responsibility Report explains this strategy and provides detailed information on our performance, progress and targets. Our report is in accordance with the Global Reporting Initiative (GRI), and each pillar aligns with specific UN Sustainable Development Goals.Read more:

August 12, 2023, 5:57 am

Event Alert! C-CAMP Agri Innovest

August 12, 2023, 5:54 am

BluWheelz raises funding

Bluwheelz, which provides EV fleet management services, has raised $500,000 (Rs 4.1 crore) in a seed round, led by Faad Network.

The round also saw participation from Lets Venture, as well as from undisclosed high-net-worth individuals (HNIs), and angel investors from India and the US.

Source : VCCircle

August 12, 2023, 5:53 am

Zerodha To Pump Additional $121 Mn Into Startup Fund

Online broking unicorn Zerodha has committed Rs 1,000 crore ($120.9 million) for its startup fund Rainmatter in a structure that will allow it to remain invested forever, breaking the traditional venture capital structure of exiting.

“We are now increasing our commitment by increasing the allocation by an additional Rs 1,000 crore in a perennial structure or with the ability to stay invested forever,” Zerodha chief executive Nithin Kamath said in a blogpost on Thursday.  

Source : VCCircle

August 8, 2023, 5:39 am

UBS announces their involvement at TIME Impact House

August 8, 2023, 5:36 am

Waree Energies raises Rs 1,000 crore in a funding round led by ValueQuest

The latest funding will be utilised for 6 gigawatts (GW) of capacity expansion, in addition to the existing capacity of 12 GW. The additional funding is intended for the manufacturing of solar ingots and wafers, cells and modules. This equity investment is in addition to the PLI Tranche II of Rs 1,923 crore awarded by the government. Waaree Energies is the flagship company of the Waaree Group. It has a solar panel manufacturing capacity of 12 GW at its plants in Chikhli, Surat, and Umbergaon in Gujarat and has a presence in engineering procurement and construction (EPC) services, project development, solar rooftop solutions, solar inverter, and solar water pumps. It is also an independent power producer

Source : YourStory

August 4, 2023, 4:26 am

Paper Release! "Our Uncommon Future: Intersectionality of Climate Change and SDGs in the Global South"

The document highlights the need to bridge the gap between global experiences and Indian nuances in the literature, especially in the context of the Indian case in the year of its G20 presidency.

Source : Desai & Associates

August 4, 2023, 4:24 am

Event Alert! Launch session of 'Beyond the Numbers – Decoding the Gender Gap in Financing SMEs' report

August 4, 2023, 4:23 am

Call for Applications! Swanari TechSprint 2023

August 3, 2023, 1:07 am

Vivriti Asset Management launch of 'Beyond Inclusion' - their second sustainability report for the fiscal year 2023

August 3, 2023, 1:06 am

Cricketer Ajinkya Rahane backs dairy alternatives startup OATEY

As part of the strategic partnership, Rahane has also been roped in as the brand ambassador of the startup.  Speaking to Inc42, OATEY cofounder Ankush Jamadagni said that the funding will go towards raising awareness about the plant-based dairy alternatives brand and for brand building efforts.

Source : Inc42

August 3, 2023, 1:05 am

Launch of "Unlocking Finance to Scale Decentralised Renewable Energy for Clean Energy Transitions: Learnings from India" Paper

This brief by ANDE, CEEW & Selco Foundation explores unlocking finance to Decentralised Renewable Energy for entrepreneurs and endorses for an equitable Energy Transition. Read more here:

Source : ORF

August 3, 2023, 1:01 am

GIIN launch 'Impact Measurement & Management Practice" report

August 3, 2023, 1:00 am

Wiom has raised $17 million in a mix of equity and debt in a Series A funding

RTP Global, YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns participated in the round. 

Wiom plans to use the fresh capital to expand its footprint to cities throughout India while investing in talent and distributed delivery architecture, the company said in a release. 

Source : VCCircle

August 3, 2023, 12:59 am

Vistaar Financial Services has secured $50 million funding from the International Development Finance Corporation

The DFC loan will help it expand its secured MSME lending portfolio, The loan will expand access to capitalfor lending to small women-owned and -led enterprises

Source : YourStory

August 3, 2023, 12:57 am

FarFarmology has secured an undisclosed amount in its seed funding round led by iAngels

Founded in 2019, the Kolkata-based startup helps farmers solve their pre-harvest stage problems using agri-inputs and digital crop advisory. It claims that its app uses technologies like AI/ML (artificial intelligence/machine learning), satellite imagery, image recognition, and IoT (internet of Things). 

Source : VCCircle

August 3, 2023, 12:54 am

Mufin Green Finance has raised $1 million from the Shell Foundation

Mufin, which was founded in 2016, will use the funds to create a $2 million joint de-risking pool in the form of FLDG (First Loan Default Guarantee). It said that the pool will unlock commercial capital for 2-wheelers and 3-wheeler electric vehicles (EVs) finance for low-income transporters in India at scale from larger financial institutions like IREDA (Indian Renewable Development Agency), SBI(State Bank of India) and others.

Source : VCCircle

August 3, 2023, 12:53 am

FincFriends has raised 3.5 million from Digital Finance International (DFI)

The company said that the investment will fuel its growth plans and will allow it to scale operations, expand its product offerings, and further its efforts in driving financial inclusion in emerging markets. The company is aiming to disburse loans worth 1,000 crores in the ongoing financial year. 

Source : VCCircle

August 3, 2023, 12:52 am

Nutrifresh raises $5 million funding

The funding is led by Theodore Cleary, Archer Investments; Sandiip Bhammer, Managing Partner - Green Frontier Capital; Sky Kurtz, chief executive officer (CEO) & cofounder of Pure Harvest UAE; Mathew Cyriac, Florintree Advisors & ex-managing director of Blackstone India; Soumitra Dutta, Dean Elect - Saïd Business School, University of Oxford; Shaishav Dharia, Regional chief executive officer, CEO Lodha Group; Karan Goshar, Samarthya Investment Advisors LLP, and among others.

Source : Economic Times