U.S.-India Clean Energy Finance (USICEF) initiative, signed on a new partner, New Delhi-based PTC India Financial Services Limited (PFS), a Non-Banking Financial Company registered with India's central bank. USICEF is managed by San Francisco headquartered Climate Policy Initiative and was founded in 2017 in partnership with the Indian Ministry of...
India’s Ola Electric Mobility Raises $56 Million
Bangalore, India -based Ola Electric Mobility Pvt. Ltd raised $56 million from existing investors New York City's Tiger Global Management and San Francisco's Matrix Partners' subsidiary in India. Ola Electric Mobility is a division of cab aggregator Ola which plans to launch 10,000 three-wheeled and other electric vehicles on Indian...
Springboard Launches India Operations
San Francisco, CA-based online course platform Springboard launched operations in India, with plans to produce a job-ready skilled workforce in India. The company offers online courses and one-on-one online mentorship programs in domains such as data science, digital marketing, UX design, and business analytics, among others. Springboard claims 10,000 users from 80...
Matrix Partners India Announce New $300 Million Fund
Matrix Partners India, a subsidiary of San Francisco, CA-based Matrix Partners, announced the closing of its third fund with a committed capital of over $300 million. This follows the over $100 million Extension fund closed in 2016. The private equity investment firm has backed more than sixty startups to date,...
Anderson Global Expands Operations in India
San Francisco, CA-based tax firm Andersen Global announced its fifth office in India as Nangia Advisors LLP, a collaborating firm of Andersen Global, located in Gurgaon, India. Mark Vorsatz, Andersen Global chairman and Andersen Tax LLC CEO said, "Nangia Advisors’ expansion is part of a broader strategy to increase our...
Funding for Healthcare Startups Surges in India
Data from Bangalore, India-based Tracxn Technologies shows venture capital investment in home-grown health-tech startups in 2018 is at an all-time high. With continuing investor interest, so far $510 million has been invested across eighty health-tech startups. These investments were led by medicine ordering website PharmEasy, which raised $115 million across...