Latest news with #VC
New Indian Express
2 days ago
- Business
- New Indian Express
Rules tweaked in Tamil Nadu for revising asset value
CHENNAI: The Tamil Nadu government has amended the rules for estimation and revision of guideline value of properties, or market value guidelines (MVG) as it's officially known. The amendment will potentially enable the government to do a state-level revision of MVG through the Valuation Committee (VC) expeditiously without going through the decision-making process involving district-level committees. These amendments to the Tamil Nadu Stamp (Constitution Of Valuation Committee For Estimation, Publication And Revision Of Market Value Guidelines) Rules of 2010 could have wider implications on revision of MVG and cost of registering properties by buyers. The amendments were notified on June 23 based on a government order (GO) issued on the same day. Incidentally, in 2023, the Madras HC had set aside the state's move to rationalise the guideline value over lack of adherence to 'due process'. Though the GO said the amendments were based on a proposal from the Inspector General (IG) of Registration, it did not elaborate on the details. Officials from Commercial Taxes and Registration Department were not available for comment. TN hasn't seen MVG revision since 2012 As per the original 2010 rules, MVG (Market Value Guideline) revision, expected annually, should begin with the issuance of instructions and policy guidelines by the Valuation Committee (VC) — a state-level body headed by the IG of Registration — to Valuation Sub-Committees (VSCs) in each district. The VSCs are to advertise the commencement of the process in local newspapers, invite feedback, and finalise the MVGs after multiple rounds of deliberation.
Business Journals
2 days ago
- Business
- Business Journals
The Beat: Why Chicago's women-led startups see less investment
Welcome to Chicago Inno's The Beat, a twice-weekly look at the people, companies and ideas that are shaping Chicago's innovation economy. The Big One PitchBook's VC female founders dashboard released earlier this month shows venture-capital deal flow to Chicago companies founded or co-founded by women has dropped precipitously this year. Female founders in Chicago have raised $220M across 28 deals in 2025 thus far. That's significantly down from the $926M raised across 86 deals in 2024. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Despite that, local investors believe the Chicago startup community has made strides when it comes to keeping women founders in the Windy City, though they say more work still needs to be done. This year's decline in Chicago is a stark contrast to the rest of the nation, where startups with at least one female founder have raised $78.8B over 1,428 deals, blowing past 2021's record of $68.7B. The first two quarters of 2025 were the best on record for startups with at least one female founder, totaling $51.2B and $27.6B, respectively, according to PitchBook data. That growth was powered by a few massive deals, including OpenAI's record-seeing $40B round in March. READ MORE: Venture funding for female founders in Chicago plummets despite national surge More Chicago Inno news to know A local cross-sector coalition aiming to bring quantum technology to market could be getting a big boost from a federal agency. Chicago startup Amphix Bio announced it received an orphan drug designation from the U.S. Food and Drug Administration for its treatment of acute spinal cord injury. Chicago named among top US cities for AI readiness Chicago has been named one of the best-prepared cities when it comes to adopting artificial intelligence technologies. That's according to The Brookings Institution, a Washington, D.C.-based nonprofit think tank, which published a report Wednesday that calls Chicago one of 28 AI "Star Hubs" across the country. While not one of the "Superstar" markets for artificial intelligence — reserved for California's San Francisco and San Jose — Chicago is still well positioned to create, apply and harness the power of AI. READ MORE: Chicago named among top US cities for AI readiness, balancing talent and innovation Sign up for Inno's free twice-weekly newsletter to receive the latest innovation news impacting Chicago.
Forbes
3 days ago
- Business
- Forbes
Advice: Sometimes You Get What You Pay For
The Rules From A VC Who Doesn't Fit The Mold VC has a mantra - pay it forward. It's the notion that, in this innovation gig, we are all in it together and therefore sharing what we know with others benefits the entire ecosystem. For the most part, this philosophy is hugely generous and benefits both the entrepreneur and the investor. Many would go so far as to credit this philosophy as being the core differentiator that has made and continues to make Silicon Valley a great place for innovators and innovation to flourish. People are generous to a fault, with bits of advice filling the air up and down Sand Hill Road. Investors, in particular, have embraced this philosophy so much so that there is an old adage: 'If you want advice, ask for money. If you want money, ask for advice.' Unfortunately, what I have found over the years is that some of the advice shared with entrepreneurs, specifically by investors, amounts to nothing more than a sound bite. I still recall from more than twenty years ago the first bit of advice I heard VCs consistently give entrepreneurs. Every panel it seemed had investors express some version of the sentiment, 'raising VC is like a marriage.' Now, I love a good sound bite as much as the next investor. A well-phrased, brief statement can shortcut a shared language into a shared understanding. However, this particular sentiment has always proved problematic for me for the simple reason that marriage does not have a universal language nor does it have a shared experience across cultures, genders, and individual experiences. So, let me give my take on what I think raising VC means for an entrepreneur and her business. All of this is to say, I don't have a pithy sound bite for raising venture capital, primarily because of #1 on my list. This is serious stuff and cannot be - nor should it be - boiled down to a cute phase that ultimately leads to confusion, frustration and broken promises.
Time of India
3 days ago
- Politics
- Time of India
Kerala HC seeks vice chancellor's response on plea for police protection on campuses
Kochi: High court has sought an affidavit from Kerala University vice chancellor (VC) in response to a PIL seeking police protection on university campuses in light of ongoing agitations and protests. A bench of Chief Justice Nitin Jamdar and Justice Basant Balaji was considering a PIL by K N Ramesh Kumar of Ernakulam. The petitioner alleged that a serious law-and-order situation had arisen following the controversial suspension of the Kerala University registrar by the VC and his subsequent reinstatement by the syndicate. Though administrative in nature, these actions have allegedly triggered widespread political mobilisation, resulting in the current protests. However, the bench noted that the petition was vague and failed to specify any particular incidents or actions. HC criticised the petitioner for the lack of necessary details. On request, the petitioner was granted time to file an additional affidavit providing the missing particulars. The petitioner's primary contention was that certain elements were disturbing the functioning of the university. HC observed that under the Kerala University Act, the responsibility for maintaining internal discipline rests with the vice chancellor. Accordingly, the court directed the VC to file an affidavit in this regard and posted the petition on July 24.
Entrepreneur
4 days ago
- Business
- Entrepreneur
India's Tech Startups See 2.1X Growth, Rise in Deeptech: NASSCOM
Even amid cautious global capital flows, Indian startups attracted diversified funding in CY24, with investors showing increasing conviction in DeepTech, ClimateTech, and AI-enabled solutions. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's thriving digital economy and strategic reforms have propelled its GDP growth rate to 6.4 per cent, but beneath this macroeconomic stability lies a vibrant tech startup ecosystem that is rapidly evolving, said a NASSCOM report. In Calendar Year 2024 (CY24), India witnessed a 2.1X growth in new tech startup creation over CY23, with tier-2 and tier-3 cities emerging as hotbeds of innovation. A key pillar driving this surge: changing trends in startup funding. Even amid cautious global capital flows, Indian startups attracted diversified funding in CY24, with investors showing increasing conviction in DeepTech, ClimateTech, and AI-enabled solutions. Traditional favorites like fintech and edtech saw tempered enthusiasm, while sectors aligned with national priorities, such as healthtech, agri-tech, and sustainability, gained prominence. This shift has seen capital moving towards solutions rooted in infrastructure resilience, digital public goods (DPGs), and advanced manufacturing, rather than pure consumer-centric plays. CY24 also witnessed a maturing investor base in India. While global VC participation remained significant, domestic capital, from family offices, corporates, and alternative investment funds (AIFs), grew in prominence. India's investors are becoming more strategic, with a focus on sustainable, long-term value creation over quick exits. The DeepTech funding landscape, previously underserved, is now gaining structured support through specialized funds, government-backed schemes, and corporate innovation programs. This comes at a time when investors are willing to take longer bets on technologies that could power India's next decade, such as quantum computing, space tech, and biotech, said the report. India's startup ecosystem now hosts 800+ incubators and accelerators, a ~1.5X growth since CY19. Notably, corporates have also increased their involvement in early-stage support, offering mentorship, market access, and pilot opportunities through CVC arms and innovation labs. This has helped build founder confidence and bridge the infamous "valley of death" in funding. One of the bright spots in CY24 has been the renewed momentum in startup exits, through both secondary sales and strategic acquisitions. With increasing domestic IPO ambition and rising M&A activity, investors are regaining confidence in achieving liquidity, even in a more cautious funding climate. According to the report, a majority of Indian tech startups surveyed in CY24 indicated that they outperformed their growth projections and remained optimistic about revenue and fundraising opportunities in CY25. Despite the upward trends, challenges remain, especially around follow-on funding, slow due diligence cycles, and valuation mismatches. Founders are increasingly vocal about the need for patient capital, more localized funds, and reduced regulatory friction.
