Peak Ventures News Today

Early-stage venture firm Sorin Investments, founded by veteran dealmaker and former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, sources told ET. Through this fund, Sorin will back startups looking to raise Series A funding.

Early-stage venture firm Sorin Investments, founded by veteran dealmaker and former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, sources told ET. Through this fund, Sorin will back startups looking to raise Series A funding.

Over the last 12-15 months, investors such as Blume Ventures, Leo Capital and new entrants like Synapses have been betting on climate tech startups. Even global investors are looking to invest in climate tech companies.

The Indian climate tech sector is rapidly attracting investment from both domestic and global venture capital...

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Tata Electronics, which recently acquired an iPhone assembly plant in Kolar, from Taiwans Wistron, aims to double the size of its iPhone-casing unit in Tamil Nadus Hosur. This and more in todays ETtech Morning Dispatch.

Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm.

Peak Ventures’ first investment fund of about $150 million is expected to accelerate the fundraising process following Nayar’s onboarding, managing partner Samir Shah told ET. The firm has received approval from the Securities and Exchange Board of India (Sebi) to induct Nayar as a general partner.

/CNW/ -- Cyble announced the successful completion of its Series B funding round, securing an additional $6.2 million. In July, Cyble had secured $24 million...

Anyline, a global leader in mobile data capture and data insights, today announced its partnership with Treads, an AI-powered car management subscription, to offer its car owners more mobile data capture and analytic features within the Treads mobile...