Company News
Alteria Capital gets SEBI nod, raises 10% of Rs 1,000 crore fund from domestic investoredit
Alteria Capital, founded by former InnoVen Capital executives, has racked up 10% of the capital for its yet-to-be launched Rs 1,000 crore venture debt from a large domestic anchor investor. Once closed, this would be the largest venture debt fund in the country. Ajay Hattangdi and Vinod Murali are aiming to finish their first close of about Rs 400-500 crore by first quarter of next year. The duo founded Alteria after leaving the Temasek backed InnoVen earlier this year.
Publication: Times of India
Date: October 26, 2017
Competition and Industry News
Apple ARKit, Machine Learning: Indian developers are already ahead of the curveedit
Vidit Bhargava, a 23-year-old student from Delhi, was the talk of the town when Apple invited him to its annual developer conference (WWDC) last year. His app, LookUp, helps users find contextual meaning of words that they come across on their phones and tablets.
Publication: Hindustan Times
Date: October 26, 2017