OMIDYAR NETWORK
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Kiwi seeks up to $40 million as fintech steps up credit push
The proposed funding would be Kiwi's largest round after the Nexus Venture Partners and Stellaris Venture Partners-backed company raised $24 million in August last year. The round was led by Singapore-based Vertex Ventures.
Omidyar Network India to exit country, stop new investments
The fund, which has invested in the likes of healthcare platform 1mg and edtech Vedantu, among other startups, will completely transition out of the Indian market by 2024, it said in a blog post on Tuesday.
Omidyar Network to exit India; Angel funds may soon get to invest more in startups
Impact investment fund Omidyar Network India is exiting the country and will transition out of the local market by 2024. This and more in today’s ETtech Top 5.
Cybersecurity firm Sequretek raises $8 million funding led by Omidyar Network India
The funds will be used to scale its global operations and go-to-market strategies, the company said, in addition to pushing higher adoption of its solutions. They will also be used to increase market share and profitability in the small and medium businesses (SMB) segment.
Omidyar Network India commits $2 million to The/Nudge Foundation
The core grant from Omidyar Network India will support The/Nudge Foundation's efforts to catalyse large-scale social transformation.
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Uolo raises Rs 20 crore from Omidyar, Blume Ventures
The Mumbai-based startup claims to have onboarded 2,000 schools and 1 million students in more than 200 cities across India.
Omidyar announces Rs 13 cr in grants for 11 NGOs
Impact investor Omidyar Network India (ONI) on Monday announced a grant of Rs 13.6 crore for 11 non-profits in the country. The platform said the 'solidarity grant' is being given to support the non-profit sector as it faces challenges due to the COVID-19 pandemic.
Omidyar earns Rs 300 crore from exiting two of its portfolio companies
Omidyar Network, a rare combination of an impact as well as an active for-profit, earlystage, venture capital investor, is believed to have cumulatively invested Rs 10.8 crore in Aspiring Mind.
GramCover raises Pre-Series A funding from EMVC, Flourish, others
GramCover is creating an ecosystem for delivery of insurance products including crop, livestock, health, motor, life, and asset insurance that address the needs of rural India.
With 3 big exits, 2019 was marque year for Pierre Omidyar in India, says MD Roopa Kudva
The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.
DoubtNut raises funding from Sequoia India's Surge, others
The company will use the freshly infused capital to deepen and widen its product offerings in terms of subjects, languages and classes and expand its team.
Omidyar Network announces Rs 16 crore grant focused on property rights
Global impact investment investor sets aside Rs 3.5 crore as innovation fund.
NCAER, NIPFP, Brookings get Rs 16-crore grant from Omidyar Network for research on property rights
The Rs 16-crore fund includes an innovation fund of Rs 3.5 crore (USD 500,000) to back proposals from across the country.
Omidyar Network, Sunil Munjal in talks to invest in Metrobikes
Metrobikes first raised Rs 5 crore in a seed round in 2015. Metrobikes, originally called ‘Wicked Rides,’ launched as a premium motorcycle rental company in May 2014.
Omidyar Network outguns local VCs in startup bets
The firm is also looking to tap into its global network to recreate successful global businesses in India and vice versa to expand its portfolio reach.
RailYatri raises $10 million in Series B round led by Omidyar Network
Omidyar is expected to have invested about $4-5 million, said one of the persons cited above. RailYatri has so far raised $6 million since its inception in 2011.
Paradise Papers: No transactions done for personal purpose, says Jayant Sinha
Sinha had worked with Omidyar Network as Managing Director in India and Omidyar Network had invested in a US company D.Light Design that has a subsidiary in Cayman Islands.
Transerve Technologies raises $1.6 mn from IL&FS and Omidyar Network
Transerve is working to help India's cities tackle urban reforms and smart city agenda with solutions that modernize the municipal information systems.
Firstouch rebrands to Indus OS, raises $5 million Series A led by Omidyar Network
Firstouch raised $5 million in a series A funding from investors led by Omidyar Network, and rebranded itself as Indus OS.
Regional smartphone operating system Indus raises Rs 33 crore in Series A funding
Regional smartphone operating system Indus, formerly known as Firstouch, has raised about Rs 33 crore ($ 5 million) as series A funding.
India is fast moving up the Global Giving Index: Matthew Bannick, Omidyar Network
'The (Mark) Zuckerberg announcement is one that's a firming of a direction -people embracing business as vehicle to positive social change,'
Bengaluru to Host Women Technologists Conference
Intel’s chief information officer Kimberly S Stevenson and Omidyar Network India’s managing director Roopa Kudva are the keynote speakers.
Young professionals seek to enter impact sector; make difference in education, health, sanitation
Impact sector is seeing a surge in interest as India consolidates its position as a hub for enterprises that are driven by a socially responsible impulse.
Aspiring Minds sets up Rs 6.5 crore fund to invest in startups
Aspiring Minds is present in the US, China, West Asia and Southeast Asia. It has tied up with over 2,000 cos and enrolled millions of students.
Ex-Crisil head Roopa Kudva named Omidyar Network India MD
Kudva, who will take charge from July 1, has been named Managing Director of Omidyar Network India Advisors, the company said in a release today.
Omidyar Network, Michael and Susan Dell Foundation invest Rs. 28 crore in IntelleGrow
The funding will be used by the Mumbai-based NBFC to increase its loan book to Rs. 500 crore, up from its current Rs. 50 crore book size.
Angel Network sets up social impact investment arm
Angel investors are now seeking to invest in socially relevant enterprises at the seed-stage as they see an opportunity to make high returns.
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