News & Events

Good Capital, a Mauritius-based early-stage venture capital firm, has committed about $25 million to invest in artificial intelligence (AI) startups in India by the end of fiscal year 2025. This dedicated fund will be sourced from the firm’s $50 million Good Capital Fund II, anticipated to be fully deployed by 2027.

The firm intends to allocate funds to 15 to 20 AI startups during their early-stage and Series A funding rounds. Good Capital’s investment strategy focuses on supporting startups within sectors such as cleantech, e-commerce platforms, educational technology, health-tech and SaaS. Rather than seeking to disrupt entire industries, the firm aims to back startups that empower intermediaries. This commitment reflects Good Capital’s confidence in AI’s potential to foster innovation and generate fresh opportunities within the Indian startup ecosystem.

Read the original article here: https://yourstory.com/2024/05/good-capital-to-invest-25m-in-indian-ai-startups-by-2025

To strengthen its position in global climate negotiations, the government of Tuvalu recently hosted a training workshop in Funafuti. Facilitated by the Commonwealth Climate Finance Access Hub, the workshop aimed to empower small island nations to access climate funds and advocate effectively on the global stage. The three-day event, attended by over 20 officials and civil society representatives, focused on preparing for the UNFCCC Conference of the Parties (COP). It aimed to equip participants with the skills and strategies required to navigate the intricate negotiation processes, secure crucial climate finance, and effectively represent Tuvalu’s interests on the international stage.

Read the original article here: https://thecommonwealth.org/news/tuvalu-prepares-cop29-commonwealth-training-climate-finance-negotiations

Licious, India’s fresh meat and seafood delivery startup, is embarking on an ambitious omnichannel strategy. It aims to establish 500 stores nationwide within the next five years. This move is driven by the company’s goal to attract new customers through its offline presence and subsequently encourage them to engage in online transactions as well.
According to sources, this expansion initiative is a pivotal step towards achieving profitability and positioning Licious for an initial public offering (IPO) within the next 24 months. Backed by Temasek, a prominent investor, Licious has secured funding of approximately $100 million to fuel this nationwide expansion. The company is targeting a pre-IPO funding round around 2026.

Read the original article here: https://www.business-standard.com/companies/start-ups/meat-startup-licious-eyes-ipo-in-24-months-500-stores-in-5-years-124050100902_1.html