VC firm Norwest Venture Partners (NVP) has announced its latest fund Norwest Venture Partners XIII at $1.2 billion. The fund will look to invest in early to late stage venture and growth equity investments across sectors and geographies. Norwest now has capital and commitments worth $6 billion. The company said that it closed the fund in a year and a half, since 22 of Norwest’s portfolio companies experienced liquidity in the last 1.5 years. The new fund follows NVP’s previous XII fund which had $1.2 billion. NVP has also expanded (pdf) its portfolio services to support its network of companies in talent acquisition, HR advisory, business development, marketing, operations etc. The VC firm states that it has invested in more than 575 companies since its birth and has over 130 active companies in its venture and growth equity portfolio. In the last year, along with 7 IPOs across the world, the company also saw 15 acquisitions, some of which are: Skybox Imaging by Google for $500 million, Misfit by Fossil Group for $260 million, video processing company Elemental to Amazon for $296 million etc. In the last year in India, NVP has invested in: - In February last year, data analytics firm Manthan System raised $62 million in round of funding led by Temasek and Norwest Venture Partners. It had previously raised additional funding from Norwest and Fidelity Growth Partners in August 2014. - In April, online classified website Sulekha raised Series C funding worth ~$28 million (Rs 175 crore) from Singapore’s…
- NCPCR calls for MeitY to take action against ULLU for explicit content March 4, 2024
- Dhruv Rathee Proposes To Blur Visuals Referring to Dabur’s ‘Real’ Fruit Juice In Video For Amicable Settlement: Report March 4, 2024
- MapmyIndia Earnings Q3FY2024: Company talks about expanding its drone business model March 4, 2024
- Google partners with Indian news publishers and fact checkers to combat deep fakes March 4, 2024
- Delhi Court Directs Bloomberg to Take Down Alleged Defamatory Article on Zee Entertainment Enterprises Ltd March 4, 2024
The Commission received complaints against ULLU by the group ‘Gems of Bollywood’, for sharing “extremely obscene and objectionable content secretively to its subscribers, including...
Dhruv Rathee Proposes To Blur Visuals Referring to Dabur’s ‘Real’ Fruit Juice In Video For Amicable Settlement: Report
This case highlights a curious intersection of copyright and critique in the digital content world.
Google will also provide news organizations and fact checkers with essential training in advanced fact-checking methodologies, deepfake detection, and Google tools like the Fact...
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities
NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...