Airbound, a Bangalore-based drone startup founded by Naman Pushp at age 15 during the COVID-19 lockdown, has raised $8.65 million in seed funding. The round was led by Lachy Groom, co-founder of Physical Intelligence, with participation from Humba Ventures, Lightspeed Venture Partners, and senior leaders from Tesla, SpaceX, and Anduril....
Venture Capital Inflows Rise 40% in India
Vaibhav Agrawal, partner at the India subsidiary of CA-based Lightspeed Venture Partners, outlines three reasons why so much venture capital is flowing into Indian companies A noticeable improvement in India’s infrastructure has enabled startups to create more value and scale up their businesses quicker. The pandemic shifted a lot of...
U.S.'s Ebix Acquires Majority Stake in India's ItzCash
Atlanta, GA-based Ebix Inc., a maker of software for the insurance and financial services industry, acquired a majority stake in Indian payments services firm ItzCash for approximately $124 million. ItzCash's earlier investors, Matrix Partners, Intel Capital and Lightspeed Venture Partners, exited the company for returns between 3X - 5X, leaving...