Paytm won approval from India’s finance ministry to invest in its payment services operation. The company announced the approval Wednesday (Aug. 28) in a disclosure posted to its website. Paytm has faced scrutiny this year after being ordered to close its payments bank in January....
Venture capital group G Squared has reportedly raised $1.1 billion for its latest fund. The firm aims to tap into increasing investor demand for G Squared’s strategy of buying pre-existing stakes in start-ups, the Financial Times (FT) reported Monday (Aug. 26). As that report noted,...
Revenew has raised $4.55 million in venture capital (VC) funding and launched its flagship product Clarity. The company provides an all-in-one solution that helps platforms and marketplaces manage their payments, optimize their margins and streamline their financial operations, according to its website. With Revenew’s solution,...
Efficient Capital Labs (ECL) has raised $11 million in Series A funding to expand its cross-border revenue-based financing offering for B2B software-as-a-service (SaaS) companies operating in the South Asia-U.S. corridor. The company, which already operates in the United States and India, will use the new funding...
Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. As Bloomberg News reported Wednesday (Aug. 21), retail investors are bearing the brunt of the company’s troubles. Based in Los Angeles, B. Riley bills itself as the leading firm when it comes to...
Blockchain startup Story raised $80 million in a Series B funding round. The San Francisco-based firm announced the financing Wednesday (Aug. 21) on social platform X, saying it would use the money to help it build a blockchain designed to prevent artificial intelligence companies from...
Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence (AI) companies. Arnault’s family office, Aglaé Ventures, has made five AI-related investments in 2024, CNBC reported Monday (Aug. 19), citing...
Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff — is an arm of HighPost Capital. “We launched HIPstr to capitalize on an attractive market...
Kiteworks has secured a $456 million growth equity investment to strengthen its market position in secure data transfer and collaboration. The investment came from Insight Partners and Sixth Street Growth, the company said in a Wednesday (Aug. 14) press release. “This minority stake investment affirms Kiteworks’ role in...
