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Leo Capital, a Singapore-based early-stage venture capital firm, is raising its third fund with a target corpus of $125 million and hit the first close late last year. Leo, which previously raised a total of $106 million ......
Leo Capital is understood to be raising its third fund, while Blume Ventures indicated it could soon take a cautious approach towards fresh investments.
A car was swept away in a flash flood in Himachal Pradesh, India, while several trucks were stuck on a state highway due to heavy rain. The driver of the car was rescued by local residents. The region has received heavy rainfall, leading to inundated roads and flooded houses in some villages. The monsoon has picked up pace again after a brief lull, and a yellow weather alert for heavy rain has been issued until July 8. Over the past week, the state has experienced a deficit rainfall of 38%.
The Karnataka government proposes to reconstitute the Coastal Development Authority (CDA) as a statutory board, state Minister for Planning, Programme Coordination and Statistics D Sudhakar has said.