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SHOCKING: 7 - What They Never Told You

Big UK venture capital funds pledge to invest in high growth companies

Chancellor calls scheme involving 20 of UK’s largest funds a ‘huge win’ for the country

The Guardian - UK

Judge refuses to immediately block grant program for Black women entrepreneurs

A federal judge in Atlanta is allowing a venture capital firm to continue offering a grant program only to Black women entrepreneurs

The Independent UK

Electric motorcycle startup Raptee raises $3 million in pre-series A round

Chennai-based EV Motorcycle Startup, Raptee, raised $3M in Pre-Series A led by Bluehill Capital. Funds to augment manufacturing, acquire machinery, tooling for soon-to-launch motorcycle & scale up team. Raptee, founded by four engineers, to debut first motorcycle in early 2024.

The Hindu

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Mayor’s team will scrap INVEST South/West name, but not its aims

Former Mayor Lori Lightfoot’s business development program on the South and West sides, under review, will be rebranded, a top Brandon Johnson aide said.

Chicago Sun-Times

A small venture capital player becomes a symbol in the fight over corporate diversity policies

A venture capital firm that has backed buzzy new companies has become symbolic of the fight over corporate diversity policies

The Independent UK

Tamil Nadu to set up ₹100 crore co-creation fund to kick-start innovative industries

The government of Tamil Nadu will set up a ₹100 crore ‘Co-creation Fund’, a unique model designed to participate in private sector venture capital (VC) funds.

The Hindu

Scrutiny adds to headwinds for sustainable investment

Sustainability considerations are being hardwired into financial market law and Australian fund managers will need to lift their game, an expert report finds.

AAP

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Congress prods SEBI to act against Adani firms, demands probe by JPC

Congress questions SEBI inaction on money laundering allegations against "Adani-linked entities". Jairam Ramesh doubts SEBI credibility, cites Mauritius regulator revoking two entities' licences. Raises doubts over Adani investments, calls for JPC probe in special Parliamentary session.

The Hindu

Mips Invests $7.3 Million In Up And Coming Helmet Tech Company Quin Design

Mips has invested a sizable $7.3 million in helmet tech company Quin Design, with hopes of developing the brand’s technology alongside its proprietary safety tech.

RideApart

Lawsuit against venture capital for women of color is just a way to keep systemic racism in place

Edward Blum, who was behind the case that ended affirmative action in college admissions, has filed a lawsuit against the Fearless Fund, launched by two Black women entrepreneurs.

Chicago Sun-Times

Investment summit crucial for tapping into NI’s global potential – Badenoch

Around 200 investors will gather at the event in Belfast.

The Independent UK

Time to unleash British Business

City Voices: Growth companies need more support

Evening Standard

Scotland's only gold mine at risk of falling into administration

THERE are warnings that the company operating Scotland’s only gold mine could fall into administration in the next weeks.

The National (Scotland)

Getir value ‘drops to $2.5bn’ as shoppers move away from convenience

Value of fast-track grocery delivery service believed to be quarter of the $11.8bn it was worth 18 months ago

The Guardian - UK

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The Hindu

Anicut Equity Fund raises ₹50 crore from SIDBI

Chennai-headquartered Anicut Capital has secured an investment of ₹50 crore from the Small Industries Development Bank of India (SIDBI) for the Anicut Equity Fund

Newslaundry

The Adani story simplified: Stock manipulation, mystery investors and SEBI role

The Adani Group has been hit by another storm.

The Guardian - UK

Wilko job cuts to begin next week after £90m bid falls through

About a third of 1,400 staff at stricken retailer’s head office and warehouses expected to be made redundant

The Guardian - UK

Former minister Gerry Grimstone under fire over undeclared UAE meetings

Peer did not declare 13 meetings with Abu Dhabi sovereign wealth fund when he sought permission to work for Bahraini company

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Evening Standard

LSEG chief David Schwimmer hits back at critics of new trading venture

David Schwimmer talks to the Evening Standard about plans to shake-up the market

StockNews.com

Is Vanguard FTSE Developed Markets ETF (VEA) a Solid Buy?

Amidst the volatility in the stock market, let us look at the prospects of prominent ETF Vanguard FTSE Developed Markets (VEA) and assess whether it represents a compelling investment opportunity. Keep reading.

The Independent UK

Fund sued over grant program for Black women enlists prominent civil rights attorneys to fight back

Attorneys for an Atlanta-based venture capital firm being sued over a grant program investing in Black women have vowed to fight back against the lawsuit calling it misguided and frivolous

Zenger

This US Investment Giant Thinks It’s The Perfect Time To Enter India’s Credit Market.

Despite holding a tiny piece of the global $1.5 trillion, India has seen the most considerable investment volume in Asia.

The Hindu

Deep tech startups taking brave risks

There are more than 1 lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities.

Zenger

Netcapital’s Scalable Technology Platform Drives Growth In Equity Crowdfunding

Netcapital's impressive growth and innovative approach position it as a leading player in the equity crowdfunding market

The Guardian - UK

MPs challenge VC firms over record on female and minority-led firms

Treasury committee finds huge majority of venture capital funding goes to companies run by white men in south-east England

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