Stellaris Venture Partners has closed its $300 million Fund III to invest in 25-30 startups over 3-4 years, focusing on AI, SaaS, and fintech. The firm, with $600 million in assets under management, announced new leadership appointments, including Naman Lahoty as Partner. Stellaris has previously backed startups like Mamaearth, Turno, and Whatfix.
The fund launch reflects renewed optimism in India’s startup ecosystem despite a challenging funding environment.
Hero MotoCorp has launched the “Hero For Startups” (HFS) program to support mobility-focused startups in India. The 12-month initiative offers access to Hero’s R&D facilities, dealer networks, mentorship, and funding. Startups can develop and integrate their solutions into Hero’s product lineup through paid Proofs of Concept (PoCs), fostering innovation in the automotive industry.
SEBI has directed mutual funds and portfolio managers to disclose data on high-risk clients, investors from grey-listed countries, frozen accounts, and suspicious transactions by November 30. This includes details on politically exposed persons, AML compliance, and their ability to implement resolutions quickly. The move aligns with enhanced vigilance amid FATF reviews on money laundering and terror financing.
