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"Can't Blackmail Government": DK Shivakumar On CEO's Bengaluru Roads Post
Bengaluru is growing rapidly, and the Karnataka government will ensure that no company leaves the IT capital over infrastructure-related issues, Deputy Chief Minister DK Shivakumar assured today.
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RSB Transmission Receives Fresh Funding From Bain Capital - Details
RSB Transmissions secures new funding from Bain Capital to drive growth, M&A, and global expansion initiatives.
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Web3 Fund Worth $100 Million Launched for Asia Growth by Bitget Exchange
Bitget, a Seychelles-based crypto exchange, has decided to invest capital in promising Web3 initiatives emerging from Asian nations. Developers working in the sectors of DeFi, blockchain gaming, and metaverse design could emerge as beneficiaries of this Web3-focussed grant.
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PhonePe Gets $100 Million in Additional Funding, Total $450 Million Raised in Six Weeks
PhonePe, India’s most valuable payments firm, has raised an additional $100 million (roughly Rs. 828 crore) in funding from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global, at a pre-money valuation of USD 12 billion, the company said on Tuesday.
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Healthcare, Logistics to See Most Benefits via Blockchain: Crypto-Centric Venture Firm Cypher
UAE-based crypto-centric investment firm Cypher Capital has highlighted that the blockchain tech can bring most benefits to the healthcare and logistics industries of India. In conversation with Gadgets 360, Vineet Budki, the Managing Partner and CEO of the venture capital firm has urged recruiters in the tech space to be on an active watch out for...
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Sequoia Capital Launches Two New Funds With Web 3 Investments Part of Its Focus
Sequoia India and Sequoia Southeast Asia raised $2.85 billion (roughly Rs. 22,140 crore) across three funds to continue financing entrepreneurs in the region. Sequoia is introducing a specific Southeast Asian fund worth $850 million (roughly Rs. 6,603 crore) for the first time, while the Indian venture and growth funds will receive $2 billion (roug...
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Binance Labs Adds $500 Million to Crypto Fund That Will Support Crypto, Web3 Projects
Binance Labs has raised a mega investment of $500 million (roughly Rs. 3,875 crore). Several venture capital firms participated in this investment. These include DST Global Partners, Breyer Capital, and Whampoa Group among others. The money will fund Web3 and crypto startups in their incubation and growth stages.
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Hero Electric Raises Rs. 220 Crore Growth Capital, Aims To Sell 1 Million Units Every Year
The fresh investment comes from Gulf Islamic Investments (GII) and OAKS and will be used directed towards expanding production capacity, consolidating market position, investing in future technology and reaching out to new markets.
-
Flipkart Announces Partial Spin-Off of PhonePe to Help Fuel Long-Term Growth Plans
Flipkart announced a partial spin-off of PhonePe in a move that will help the digital payments platform to access dedicated, long-term capital to fund its growth ambitions.
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Facebook Invests in Indian Education Startup Unacademy
Social media giant Facebook on Wednesday joined others such as General Atlantic and Sequoia India for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.
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Angel Tax Provisions For Start-Ups Removed, Says Finance Minister
The government today announced measures to revive economic growth and markets including the withdrawal of higher taxes for foreign portfolio investors (FPIs) and said it would release funds for bank recapitalisation upfront. Finance Minister Nirmala Sitharaman told reporters the government had decided to withdraw the surcharge on FPIs which she had...
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US-China Trade War Taking A Toll On Global Growth, Says IMF
The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that the US-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows.
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TranServ Gets $15 Million in Funding From Micromax, Others
The company will utilise the capital towards accelerating business growth and investing in new product lines including micro credit.
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India Enjoying Robust Economic Growth: International Monetary Fund Chief
India and Mexico are enjoying robust growth even as emerging economies as a whole are facing the harsh reality of slow growth and reversal of capital flows, International Monetary Fund (IMF) chief Christine Lagarde said today.
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West Seeks to Inflict More Economic Pain on Russia
Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, US and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.
-
"Can't Blackmail Government": DK Shivakumar On CEO's Bengaluru Roads Post
Bengaluru is growing rapidly, and the Karnataka government will ensure that no company leaves the IT capital over infrastructure-related issues, Deputy Chief Minister DK Shivakumar assured today.
-
RSB Transmission Receives Fresh Funding From Bain Capital - Details
RSB Transmissions secures new funding from Bain Capital to drive growth, M&A, and global expansion initiatives.
-
Web3 Fund Worth $100 Million Launched for Asia Growth by Bitget Exchange
Bitget, a Seychelles-based crypto exchange, has decided to invest capital in promising Web3 initiatives emerging from Asian nations. Developers working in the sectors of DeFi, blockchain gaming, and metaverse design could emerge as beneficiaries of this Web3-focussed grant.
-
PhonePe Gets $100 Million in Additional Funding, Total $450 Million Raised in Six Weeks
PhonePe, India’s most valuable payments firm, has raised an additional $100 million (roughly Rs. 828 crore) in funding from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global, at a pre-money valuation of USD 12 billion, the company said on Tuesday.
-
Healthcare, Logistics to See Most Benefits via Blockchain: Crypto-Centric Venture Firm Cypher
UAE-based crypto-centric investment firm Cypher Capital has highlighted that the blockchain tech can bring most benefits to the healthcare and logistics industries of India. In conversation with Gadgets 360, Vineet Budki, the Managing Partner and CEO of the venture capital firm has urged recruiters in the tech space to be on an active watch out for...
-
Sequoia Capital Launches Two New Funds With Web 3 Investments Part of Its Focus
Sequoia India and Sequoia Southeast Asia raised $2.85 billion (roughly Rs. 22,140 crore) across three funds to continue financing entrepreneurs in the region. Sequoia is introducing a specific Southeast Asian fund worth $850 million (roughly Rs. 6,603 crore) for the first time, while the Indian venture and growth funds will receive $2 billion (roug...
-
Binance Labs Adds $500 Million to Crypto Fund That Will Support Crypto, Web3 Projects
Binance Labs has raised a mega investment of $500 million (roughly Rs. 3,875 crore). Several venture capital firms participated in this investment. These include DST Global Partners, Breyer Capital, and Whampoa Group among others. The money will fund Web3 and crypto startups in their incubation and growth stages.
-
Hero Electric Raises Rs. 220 Crore Growth Capital, Aims To Sell 1 Million Units Every Year
The fresh investment comes from Gulf Islamic Investments (GII) and OAKS and will be used directed towards expanding production capacity, consolidating market position, investing in future technology and reaching out to new markets.
-
Flipkart Announces Partial Spin-Off of PhonePe to Help Fuel Long-Term Growth Plans
Flipkart announced a partial spin-off of PhonePe in a move that will help the digital payments platform to access dedicated, long-term capital to fund its growth ambitions.
-
Facebook Invests in Indian Education Startup Unacademy
Social media giant Facebook on Wednesday joined others such as General Atlantic and Sequoia India for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.
-
Angel Tax Provisions For Start-Ups Removed, Says Finance Minister
The government today announced measures to revive economic growth and markets including the withdrawal of higher taxes for foreign portfolio investors (FPIs) and said it would release funds for bank recapitalisation upfront. Finance Minister Nirmala Sitharaman told reporters the government had decided to withdraw the surcharge on FPIs which she had...
-
US-China Trade War Taking A Toll On Global Growth, Says IMF
The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that the US-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows.
-
TranServ Gets $15 Million in Funding From Micromax, Others
The company will utilise the capital towards accelerating business growth and investing in new product lines including micro credit.
-
India Enjoying Robust Economic Growth: International Monetary Fund Chief
India and Mexico are enjoying robust growth even as emerging economies as a whole are facing the harsh reality of slow growth and reversal of capital flows, International Monetary Fund (IMF) chief Christine Lagarde said today.
-
West Seeks to Inflict More Economic Pain on Russia
Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, US and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.
