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Conflict of interest, harsh deal terms: More skeletons tumble out of SphitiCap

Apart from conflict of interest, the little-known VC firm shares an auditor with two firms of a partner and has demanded ‘sweat equity’ from the founders of startups in its portfolio. ....

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SphitiCap: The VC fund inking deals without transferring funds

At least five firms that had looked to the promised funds to scale up their businesses are engaging with other investors to raise interim capital as SphitiCap awaits SEBI s approval. ....

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Drone-tech Startup Garuda Aerospace Is Spreading Wings

Set up in 2015, the company is tying up with PSUs and private companies to bring end-to-end solutions for defence and agriculture ....

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Welcome To IANS Live - SCIENCE-AND-TECHNOLOGY - Garuda Aerospace raises $22 mn, largest funding in Indian drone sector (Ld)

Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million.Anot ....

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MS Dhoni backed drone startup Garuda Aerospace raises $22 million funding

Last year, the former Indian cricket team captain, Mahendra Singh Dhoni, invested in Garuda Aerospace and also became the brand ambassador of the drone startup. ....

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