Tag: FUNDING
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Neo Asset Management Plans to Raise ₹6,000 Crore for New Private Credit Fund
Neo Asset Management aims to raise ₹6,000 crore (~$699 million) for its second private credit fund, targeting wealthy individuals and institutions. The new fund would more than double the ₹2,575 crore raised previously. The firm plans to invest in mid-sized companies and specific financing scenarios, responding to a growing demand in India’s financial market. Neo…
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Uber and CEO Dara Khosrowshahi Donate $1M Each to Trump’s Inaugural Fund
Uber and its CEO Dara Khosrowshahi have each donated $1 million to Donald Trump’s inaugural fund, joining other tech leaders. This marks Khosrowshahi’s largest political contribution and reflects a growing trend within the tech industry to cultivate favorable relationships with the new administration. Uber Technologies and its Chief Executive Officer, Dara Khosrowshahi, have each contributed…
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Impact of Trump’s Immigration Policies on Private Prison Companies
The Trump administration’s focus on stricter immigration policies could enhance business for private prison companies, including CoreCivic and Geo Group. Their stock prices surged post-election as investors speculate on increased detainment needs. ICE is a key revenue source for these companies, which are poised to expand their capacity and services under anticipated policies, although congressional…
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Israeli Tech Funding Reaches $1 Billion in October 2024
Israeli startups raised around $1 billion across 26 deals in October 2024, marking a return to high funding levels after previous months below $500 million. Significant contributions from Armis, Melio, and DoorLoop highlighted the month’s success. This results in the most deals for any month this year, positioning Israeli startups positively in a competitive market.…