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The fund will make 10-12 investments, with an average allocation of Rs 200-300 crore per investment, targeting sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing.
The fund intends to make 10-12 investments, with an average allocation of Rs 200-300 crore per investment, targeting sectors such as financial services, consumption, digital & technology, healthcare, and manufacturing.
VerSe Innovation is on an acquisition spree to strengthen its core businesses, including news and infotainment, short-videos, and ad-tech. The acquisitions will be funded through a combination of cash and stock, co-founder Umang Bedi said.
Online food delivery major Swiggy has received shareholder approval to go public. This and more in todays ETtech Top 5.
Koo cofounder Mayank Bidawatka had first said in September 2023 that the company was looking to raise funds or tie up with a strategic partner to scale operations amid a funding winter. But the talks have taken longer than expected to succeed.