SEBI extends due date for regulatory filings

Securities and Exchange Board of India has extended the due date for several regulatory filings till September in order to reduce the compliance burden on venture capital funds and alternative investment funds after it received a representation from AIF industry for an extension.After launching a 20 crore fund for startups in 2017, WEH Ventures have now launched a 100 crore fund in order to invest in early stage startups. The fund will be invested in companies that may solve the problems in the Indian Economy and the fund is sector agnostic.Whatsapp Messenger has appointed Paresh B Lal as the grievance officer for India on its website. The step has been taken due to the new IT rules coming into effect that require social media intermediaries to appoint a grievance officer, nodal officer and chief compliance officer.Private equity firms KKR&Co. And Clayton Dubilier & Rice LLC are in advanced stage talks with US based Cloudera Incorporated private at a valuation of 4.7 billion dollars. The deal is likely to close soon and the private equity companies will acquire Cloudera at 16 dollars per share.Edtech startup Avishkaar raises Rs.5 crore in a pre series A funding round led by Venture capital firm Auxano and Mumbai Angels. Other participants were angel investors Alok Mittal, CEO of Indifi Technology and Varun Aggarwal, cofounder of Aspiring Minds.Logistics startup Delhivery has raised 275 million dollars in a series H funding round led by Investment form Fidelity Management and Research company. The round also saw participation from other prominent public market funds.Pharmaceutical company Cipla has requested the government for indemnification and exemptions from price capping, bridging trials and basic customs duty for approvals to bring Moderna’s single dose Covid 19 vaccine and also mentioned that they were close to committing over 1 billion dollars as advance to the US major.Hyperlocal job finding platform Jobsgaar technologies has raised 1,40,000 dollars in a seed funding round from SucSEED innovation fund. Other angel investrors also participated in the round.Organic skin and personal care brand Juicy Chemistry has raised 6.3 million dollars in a series A funding round led by Investment firm Verlinvest. Veda corporate advisors was the exclusive financial advisor for the transaction.HP India has collaborated with Jubilant Bhartia Foundation to launch a national toll-free number to ease registration on the Co-WIN portal. The service will help people who have restricted or no access to smartphones or the internet and are dependent on others to register on their behalf.#Sebi #SecuritiesAndExchangeBoard #AIF #venturecapitalfunds #WEHVentures #WehVenturesInvestments #WehVenturesFund #PareshBLal #WhatsApp #ITrules #grievanceofficer #KKR&Co #clouderainc #Cloudera #CD&R #Avishkaar #AvishkaarFunding #Auxano #MumbaiAngels #Delhivery #delhiveryfunding #Cipla #Pharma #Indianpharma #Moderna’s #Jobsgaar #SucSEED #JuicyChemistry #funding #Verlinvest #HPIndia #JubilantBhartiaFoundation #CoWIN #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia

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