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Ventureast Proactive Fund LLC divested its residual 1.82 per cent stake in Zaggle Prepaid Ocean, selling around 22 lakh shares at an average price of Rs 280.01 per share. This marks Ventureast's complete exit from Zaggle, facilitated by Equirus through a block deal executed in two tranches, one in May and the other on June 12.

Ventureast Proactive Fund LLC sold a 1.82 percent stake in Zaggle Prepaid Ocean at an average price of Rs 280.01 per share. It sold around 22 lakh shares of Zaggle Prepaid Ocean. Zaggle Prepaid Ocean shares closed 2.54 percent at Rs 296.5 on the NSE. Zaggle Prepaid Ocean builds financial solutions and products to manage the business expenses of corporates, SMEs, and startups through automated and innovative workflows.

Ventureast, one of the country’s oldest venture capital firms that currently manages over $400 million of assets, has scored a jackpot from a legacy bet that it made more than 15 years ago, reaping about 120x return on its investment. The VC firm, which is nearing full deployment of its sixth fund that ......

Early-stage venture capital firm Ventureast offloaded 22.27 Lakh shares of fintech SaaS startup ZaggleZaggle Datalabs_in-article-icon in a block deal worth INR 67.26 Cr. The shares that flooded the market were lapped up by ICICI Prudential, ACM Global Fund, Astorne Capital and Tara Emerging Asia Liquid Fund.

Ventureast, one of the oldest venture capital firms operating in India that has over $400 million (Rs 3,338 crore) in assets under management, has managed yet another rich harvest in a legacy bet that it backed more than 15 years ago.

VideoVerse, a software-as-a-service video editing platform, has raised a fresh round of growth capital from New York-based private equity firm Bluestone Equity Partners. Bluestone, which focuses on sports, media and entertainment sectors, invested in VideoVerse from its maiden fund.

VenturEast, one of the oldest venture capital firms in India, is nearing the full deployment of its sixth fund, which had a corpus of nearly $100 million. The firm invests $3-8 million in early-stage companies, mainly across seed, pre-Series A, Series A and pre-Series B stages. Its portfolio includes fintech

Early-stage venture capital fund VenturEast and healthcare private equity fund InvAsent have exited from US-based Comprehensive Prosthetics & Orthotics (CPO) in a financial secondary. CPO has raised a new round of growth capital led by NorthCreek and Parkway Partners.

Healthcare-focused private equity firm InvAscent and Ventureast, one of India's oldest venture capital firms, have exited a US-based healthcare company founded by an Indian-origin executive through a secondary transaction. InvAscent, which recently floated its fourth fund and is looking to raise between $300 million and $400 million for the vehicle, and Ventureast PREMIUM HEALTHCARE Fortis Healthcare to acquire North India hospital for $53 mn HEALTHCARE TPG's India healthcare platform goes for internal rejig as GIC buying

Zaggle, a fintech company that offers an expense management platform to businesses, has floated its initial public offering that opened last week and closes on Monday. The IPO comprises a fresh issue of shares aggregating up to Rs 392 crore and an offer for sale of up to 10.45 million shares ......

Ventureast, one of the oldest venture capital firms operating in India, is set to strike a multibagger partial exit from a legacy investment that dates back a decade and a half. The VC firm, which began investing in 1997 and has made more than 100 bets over the years, is selling ......

Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger Global.

Two venture capital-backed companies – healthcare technology firm Portea and software-as-a-service fintech firm Zaggle–have received the Securities and Exchange Board of India’s (SEBI) approval for their initial public offerings. However, amid the continuing lull in the IPO market and volatility in secondary markets, it remains to be seen when the two companies open their IPOs for subscriptions.

Seclore, data-centric security platform provider, said that it has raised $27 million in Series C funding round led by Oquirrh Ventures and Origami Capital. As part of this transaction, VenturEast has fully exited its stake. VenturEast backed the company at seed and Series A rounds, exiting with 17.5X return on its seed round.

Seclore, the data-centric security platform provider, said that it has raised $27 million in a Series C funding round led by Oquirrh Ventures and Origami Capital. As part of this transaction, VenturEast has fully exited its stake. VenturEast backed the company at seed and Series A rounds, exiting with 17.5X return on its seed round.

Edtech firm iNurture Education Solutions Tuesday said it has raised $15 million (around Rs 116 crore) in a combination of debt and equity from Hong Kong-based ADM Capital. ADM Capital has also acquired venture capital firm Ventureast's stake in iNurture, facilitating a complete secondary exit for Ventureast, but did not share any further details on the exit.

Hyderabad-based Sresta Natura Bioproducts, which owns the largest packaged organic food brand 24 Mantra, has filed a draft red herring prospectus (DRHP) with the regulator (Sebi) for an IPO on Tuesday. The issue comprises primary shares worth Rs 50 crore, along with 7.03 million shares to be sold through an offer-from-sale (OFS) from existing investors. ‍

Cron AI, a deep-tech company building a 3D Data Edge perception platform, on Tuesday said it has raised $4 million (about Rs 29.3 crore) in funding led by VenturEast and Kitaki Ventures. The series A funding round also saw participation from existing investor YourNest Venture Capital, a statement said.

Industrial Internet of things (IoT) company Infinite Uptime has raised $5.15 million in Series B funding led by VenturEast, along with participation from Japan’s THK and existing investors Mayfield, GSR Ventures, IIML, and GiTV.

Venture capital firms Ventureast and Eight Roads Ventures have inked a deal to exit a Bengaluru-based biotechnology firm, striking a multi-bagger in the process even as the long gestation period shrunk their annualised returns. Indian drug maker Laurus Labs Ltd said on Wednesday it has agreed to buy the majority stake ......

Hyderabad-based pharmaceutical company Laurus Labs has acquired Bangalore-based biotech company Richcore Lifesciences, to diversify into manufacturing of biotech drugs.

Infinite Uptime India Pvt. Ltd, an Internet of Things (IoT) startup, has raised $5.15 million (around Rs 38 crore) in its Series B funding round led by venture capital firm Ventureast. Another new investor that joined the round was THK, a Japanese company that develops and manufactures mechanical components, Ventureast said in a statement. Existing VC investors Mayfield Fund, GSR Ventures, Global IoT Technology Ventures (GiTV) and IL&FS Private Equity also participated in this funding round.

MoEngage, a San Francisco and Bangalore-based startup that helps firms better understand their customers and improve their engagement, has raised $25 million in a new financing round as it looks to grow its network in North America and Europe.

While investors have always been known to guide entrepreneurs, some money managers have learnt valuable lessons such as the ability to keep going and finding answers when there are none from start-up founders that they have worked with

Given market diversity and a whimsical regulatory framework, one must build businesses for the long term in India to build significant value, says Ventureast's Sarath Naru

This interview focuses on: The VC funding scene in India, dominant cities, the Telangana Ecosystem, Incubators and Accelerators, Investment Strategies, Rejection Rates, and Competition in the VC space

VC firm Ventureast has, for 22 years, invested in ideas that can change India. Sarath Naru, Founder and Managing Director, tells YourStory why it's important for funds to stay invested for longer periods, and how the country's heterogeneity is both an opportunity and a challenge.

Company’s $80 million Proactive Fund II investing in startups both in India and overseas

Chennai-based Inthree Access Services was founded in 2013 by R Ramanathan, Karthik Natarajan and Narayanan on the firm belief that rural India is more than willing to buy branded white goods. The company has pioneered the concept of assisted commerce in the rural space. “Rural India is not a dark hole, as urban Indians think. There is a huge white space in the rural markets. People don’t understand that the rural customers are aspirational and they have disposable income to buy consumer products,” says Ramanathan, who is also the CEO of the company.

California- and Bengaluru-based marketing cloud platform MoEngage Inc. has raised $9 million (around Rs 63 crore) in a Series B round of funding led by new investors Matrix Partners and Ventureast, a company statement said.

Exclusive: Ventureast strikes gold as Japan’s istyle backs content startup Incnut

Early-stage investor Ventureast has exited its investment in Hyderabad-based women-focussed content startup Incnut Digital Pvt. Ltd by selling its stake to Tokyo-headquartered consumer internet company istyle Inc. istyle has picked up an undisclosed minority stake in Incnut, which runs online beauty and wellness community StyleCraze and parenting network MomJunction, in a secondary transaction worth Rs 25 crore (around $3.4 million at current exchange rates), said Sateesh Andra, managing director of venture capital firm Endiya Partners.

Kissht will use this funding to penetrate its business further into both offline and online merchants, and deeper across categories, and further enhance its data and analytics capabilities

Chennai-based rural e-commerce startup Inthree Access Services Pvt. Ltd has raised $4 million (Rs 28 crore) in a Series A funding round led by early-stage venture capital firm Ventureast. Orios Venture Partners and the Indian Angel Network's IAN Fund also took part in this round, Inthree Access said in a statement. The company said it aims to use the funds to strengthen its technology backbone, enhance last-mile logistics and cement its presence in the 10 states where it operates.

Bengaluru-based big data analytics firm IQLECT Software Solutions Pvt. Ltd has raised $2.5 million (around Rs 17.2 crore at current exchange rates) in a bridge round of funding led by early-stage investment firm VentureEast, according to a report in The Economic Times. Existing investor Exfinity Venture Partners also participated in the round. IQLECT will use the fresh capital to set up a leadership team in Bengaluru besides strengthening its engineering and sales operations, the report added.

OnEMI Technology Solutions Pvt. Ltd, which runs lending startup Kissht, has raised $2 million (around Rs 13 crore) from venture capital firm Endiya Partners and early-stage investor Ventureast, a financial daily reported on Thursday. The company, which has raised $2.7 million so far, is also in talks for raising a Series B round, a report in The Economic Times said.

Portea Medical, a startup that provides in-home healthcare in India, has raised a $37.5 million Series B led by returning investor Accel. The round’s other participants include International Finance Corporation (IFC), a member of the World Bank Group, Qualcomm Ventures, and Ventureast.

Mumbai-based consumer loyalty and rewards management company Loylty Rewardz Management Pvt Ltd has raised funding from private equity-backed IndiaIdeas.com Ltd, the firm that runs online payment gateway solutions provider BillDesk, sources told VCCircle.The deal involved both primary issue of securities besides a secondary transaction where the existing VC investors have.....

US-headquartered DiabetOmics Inc, a growth-stage medical diagnostics company with India operations, has raised its Series C round of funding worth $4 million from Ventureast to drive manufacturing and commercialisation in India, as per a company release. It has also raised an additional $1 million from KI Varaprasad Reddy, the founder of Shantha Biotechnics, who sold his company to Sanofi a few years ago. He will take over the post of chairman at DiabetOmics and will head the India unit once it is set up.

Private investment firms Ventureast and Asian Healthcare Fund have jointly invested Rs 40 crore ($6.5 million) in Hyderabad-based Eye Gear Optics India Pvt Ltd, that runs a chain of optical retail stores under the brand name Ben Franklin across the country.

US-based Cancer Genetics Inc (CGI), a NASDAQ-listed company that provides DNA-based diagnostics, has acquired Hyderabad-based BioServe Biotechnologies (India) Pvt Ltd, providing genomic and molecular services, for around $1.9 million in an all-stock transaction. “With BioServe, CGI will become better positioned to increase our global presence in personalised cancer care and further improve outcomes and lower costs for cancer patients,” said Panna Sharma, CEO of Cancer Genetics.

Portea Medical Pvt Ltd, a provider of in-home healthcare services in India, has secured Rs 48 crore ($8 million) from Accel Partners and Ventureast. According to Portea chairman K Ganesh, the company is in preliminary talks to acquire a few service providers operating in the healthcare space.

Flipkart founder Sachin Bansal has invested Rs 50 crore in a consumer lending startup Kissht. The investment has been made through Bansal and Ankit Agarwal’s investment firm BAC Acquisitions in the form of debt funding.