Avaana get backing of another offshore LP aims target for climate-tech fund
Wed, Jul 10, 2024 7:05 PM

Avaana get backing of another offshore LP aims target for climate-tech fund

A Flip by Avya Verma
Get it on Google Play
Avaana Capital, a climate-focused venture capital firm, is nearing the final close of its $120-million (approximately Rs 1,000 crore) maiden climate-tech fund. The firm had previously hit the first close at $70 million in June last year and has now secured a prominent offshore backer, bringing it closer to reaching its target amount.

More great flips

2 AI Stocks That Could Be Worth More Than Nvidia 5 Years From Now

2 AI Stocks That Could Be Worth More Than Nvidia 5 Years From Now

Nvidia, the third-largest company in the world, may be surpassed by Alphabet and Amazon in size over the next five years. To do so, Alphabet's stock would need to rise 29% and Amazon's 48%. Both companies are heavily involved in artificial intelligence and have strong cloud computing platforms, which are vital for AI proliferation.

Open Flip
Analyst puts Nvidia stock on watch; report points to new China chip

Analyst puts Nvidia stock on watch; report points to new China chip

Nvidia shares rose as investors focused on the company's new China-focused AI chip and a bullish endorsement from a key analyst. The chipmaker has re-tooled three chips for the China market, avoiding US sanctions. China accounted for $10.4 billion in revenues last year, down from previous years due to export restrictions. A Citi analyst reiterated a "buy" rating and $150.00 price target.

Open Flip
JPMorgan Analysts: Crypto Rebound Likely Tactical, Not Sustainable

JPMorgan Analysts: Crypto Rebound Likely Tactical, Not Sustainable

JPMorgan analysts predict a short-term crypto rebound, driven by easing liquidation pressures, but do not expect sustained upward trend. BTC's current price of $67,500 is higher than its production cost of $43,000 and its volatility-adjusted value of $53,000 compared to gold. They anticipate a recovery in Bitcoin futures starting in August, but believe the price will ultimately revert to its mean.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon