Tuesday, July 27, 2021

Lenskart raised $200 million from Temasek Holdings and Falcon Edge Capital

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SoftBank-backed online eyewear retailer Lenskart has raised $200 million from investors including Temasek Holdings and Falcon Edge Capital. The company aims to use the...

UNIFORM JUNCTION TO INVEST OVER USD 1 MILLION IN COLLABORATING WITH WORLD LEADING EDTECH...

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Uniform Junction, India’s first one stop integrated supply chain platform for K-12 schools, a part of the Arvind Mafatlal group, today announced its partnership...

EARLY LEARNING ED-TECH PLATFORM, NALANDA LEARNING, RAISES INR 40 CR IN FRESH INVESTMENT FROM...

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Kolkata based edtech venture, Nalanda Learning Systems Pvt. Ltd., has raised INR 40 crof investment from Aavishkaar Capital. Nalanda Learnings rapidly disrupting the early childhood learning space in India through its digital early learning platform. Having established market leadership in West Bengal through its chain of “Little Laureates” preschools, the company has now set its sights on expanding nationally through its high quality integrated platform of digital content, curriculum and pedagogy, targeting children in early years.

Government of Odisha approves 5 major industrial projects worth INR 1.46 Lakh Crore at...

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Becoming one of the top investment destinations in the country, Odisha has been able to attract investments worth INR 2.96 Lakh Crore in Financial Year 2020-21 in spite of the COVID pandemic.

Hindustan Times invests 16 Cr with the lifestyle brand Tjori

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The deal signed goes beyond equity investments while also providing branding & marketing. The establishment with Hindustan Times will help build brand awareness in India and accelerate growth at global level.

Amazon’s cloud computing unit buys message encrypting service Wickr

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Amazon.com Inc's cloud computing unit has bought encrypted messaging platform Wickr to enable secure communication as employees largely work from home, the company said on Friday.

The Secret of Funding is you need to be eligible to be get funded”:...

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FICCI Ladies Organization (FLO) organized a Panel Discussion on Investment & Funding virtually on Zoom Platform on Thursday. Participating in the discussion Mr. Surya S of IIT Hyderabad said "The Secret of Funding is you need to be eligible to get funded".

PLUTOMEN RAISES FUNDING OF $300 K FROM INVESTORS

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Plutomen, an Augmented Reality (AR) based self-assistance and remote collaboration platform, today announced that it has raised funding of $ 300 k from GUSEC Seed Fund, DeVX venture Fund, and Industry-Tech focussed HNIs. The funding is a mix of equity & CCD. The funding will be deployed to build the sales & marketing team and also to extend the product team.

Tatas aim to raise up to $2.5 billion for its digital business

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With the super app in the making and expansion of digital business, Tata Sons is looking for investors to pump in money. The company reportedly approached global investors to raise an estimated $2-2.5 billion for its digital business as the company prepares for the pilot launch of its super app in Bengaluru in September.

Byju’s raises $50 million from IIFL, other investors

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Edtech firm Byju's has raised $50 million in its Series F funding round from investors. According to regulatory filings, the amount was raised from IIFL and Maitri Edtech. IIFL invested $35 million, while Maitri Edtech invested $15 million.

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B2B payments platform Nium raised over $200 mn, current valuation reached over $1 billion

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B2B payments platform Nium announced on Tuesday that it has raised over $200 million in its Series D funding round. The funding was led by US-based tech investor Riverwood Capital. Nium’s current valuation is over $1 billion, making it the first global B2B payments unicorn from Southeast Asia.

Axis Bank Q1 net profit rises 94% to Rs 2,160 cr

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Axis Bank on Monday reported a 94 per cent year-on-year (YoY) increase in its net profit for April-June at Rs 2,160 crore, mainly due to lower provisions. However, the profit was lower than Rs 2,677 crore posted in preceding March quarter.