City In Financial News

Newme, on Wednesday told ET that it has raised $5.4 million (Rs 45 crore) in a seed funding round led by Fireside Ventures. The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the past raised an undisclosed round of funding from investors such as Aum Ventures, 2am VC and All In Capital, all of whom have participated in the current round.

companies are unlikely to have much to cheer about in 2024 if early funding figures are anything to go by. Investments in startups in the first week of 2024 dropped by about 88% from the same period a year ago, totalling $35.8 million across eight deals. In volume terms, deals were down 86% from 59 a year earlier.

In the trust’s interim results this week (27 November), it revealed the average discount at which the shares have traded in the current financial year to date had been approximately 13%.

Surge, Peak XV’s accelerator programme. Other investors in the round include Peer Capital, All In Capital and Better Capital. The new funding will be used to accelerate hiring and enhance the user experience on the online platform, said a statement from the company.

real estate in Germany fell further in the second quarter, data by the federal statistics office showed on Friday, as high interest rates took toll on the real estate market in Europe's biggest economy. Residential property prices fell by 9.9% year-on-year, the strongest decline since the start of the data collection in 2000.

Yashobhoomi — at Dwarka here in the next two years, a senior government official said on Tuesday. The focus sectors of these events would be digital innovation, hospitality, entertainment, healthcare, automobile, infrastructure, travel and tourism, and smart manufacturing.Kinexin Convention Management Pvt Ltd, a consortium of Korea International Exhibition Centre (KINTEX) and eSang Networks Company Ltd, are holding marketing initiatives all over the world to attract events at the centre, which was inaugurated by Prime Minister Narendra Modi on September 17. KINTEX has been appointed as the operator for exhibition and convention centre for managing the venue for 20 years. Modi unveiled the Rs 5,400-crore Phase 1 of the IICC on Sunday. He also inaugurated the extension of the Delhi Metro's Airport Line which now terminates at YashoBhoomi Dwarka Sector 25 station.

Dipan Mehta, Director, Elixir Equities, says “in capital goods, there are at least four or five good stocks in which we and our clients have invested. You hold them long enough, 3 years, 5 years, 10 years, who knows, they could turn out to be multibaggers. The key thing about this thing is that when you invest in a stock, do not think it is going to be a multibagger, just hope for consistent earnings.”Sometimes after existing quietly for 5-6 years, we realise some stocks have just taken a giant leap forward like Escorts, Raymonds, Tube Investments, CG Power. Tell us about the next ones now.You talk about a sector, and I will give you a few ideas, not recommendations.

Goel Ganga Developments has ventured into the rental segment to offer last-mile support to people looking out for a place to rent in Pune. The new venture called Goel Ganga Rent Easy is a full-stack platform, which also has separate verticals for buying and selling properties. The rental market is considered as growing segment in Indian real estate as in most of the major cities in India, close to 35% of the inhabitants prefer to rent out a space.

Goel Ganga Developments, Pune’s leading developer, has recently ventured into the rental segment. The new venture titled ‘Goel Ganga Rent Easy’ will offer last-mile support to people in Pune, looking out for a place to rent. The full-stack platform also has separate verticals for buying and selling properties. The platform will handhold the buyer throughout their journey giving a seamless renting/ buying/ selling experience.

Hectar Global has raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha, the company said in a statement Wednesday. The Chennai-based business-to-business cross-border agri-commodity procurement platform was founded by National University of Singapore alumni Srinath Srinivasan, Sibhi Kumaran and Aswath Balaji.

Indian Meteorological Department (IMD) has said that the rainfall spell over northwest India in the first few days of July, has bridged the deficit for the entire country. It is to be noted that not one, but two conditions have caused this mayhem.

Narendra Modi on Monday spoke with senior ministers and officials to take stock of the situation while Congress chief Mallikarjun Kharge sought relief from the PM CARES Fund for the rain-hit states. Several rivers, including the Yamuna in Delhi, in north India are in spate.

North Indian states witnessed an intense spell of monsoon rain, resulting in significant damage, loss of life, and property. The rain continue to lash in several parts of the North India today too. On Saturday, IMD issued a red alert for seven districts of Himachal Pradesh and an orange alert for three districts for the next 48 hours.

north India on Sunday with 19 people killed in landslides and other rain-related incidents, while most rivers, including the Yamuna in Delhi, were in spate. In cities and towns across the region, many roads and residential areas were submerged in knee-deep water with the civic system unable to hold on in the face of record rains.