5ire raises USD 100 million in Series A Funding at Valuation USD 1.5 billion

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Series A Funding
India, July 15, 2022: 5ire, a fifth generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. This investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, valued at $1.5 billion. 5ire was founded by Indian-origin...

Israel’s Watergen announces joint venture with SMV Jaipuria Group

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Watergen
Bengaluru, 01 June 2022: Watergen, an Israel-based company which has successfully developed technology that generates drinking water from the air, today announced its strategic joint venture with SMV Jaipuria Group–a multifaceted business conglomerate, to bring its global patented technology to India. Through this partnership, the entities will introduce its Atmospheric Water Generators (AWG) product categories in India--that creates high quality, mineralized,...

Bajaj Finance launches financial education initiative, ‘Har Time EMI on Time’

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financial education
New Delhi June 03, 2022: Bajaj Finance Limited, the lending arm of Bajaj Finserv Limited, a leading conglomerate in financial services, has launched its financial education initiative ‘Har Time EMI On Time’, a digital campaign to drive awareness around the need and benefits of adopting good financial habits for a healthy financial future. The campaign seeks to educate the public at large about...

Kairali Ayurvedic Products announces three new distribution partners

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Kairali
New Delhi, 1st, June 2022: Kairali Ayurvedic Products Pvt Ltd (KAPPL), a division of over hundred ten year old Authentic Ayurveda promoter Kairali  Ayurvedic Group has expanded its distribution network in east Delhi, Nashik & across Kerala.  While Manki Drug House, with 25 years of experience in promoting Ayurvedic Products will look at distribution of Kairali Products across Kerala, Bansal & Sons with 13 years...

Grip launches startup equity investment

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29th May 2022: With India’s thriving startup ecosystem evolving, millions of new-age investors are exploring ways to actively invest and participate in it. Grip, India’s leading alternative investment platform, announced the launch of a startup equity investment product in collaboration with SEBI registered Alternative Investment Funds (AIFs). The company aims to provide its growing investor community with access to opportunities in...

CoinSwitch plans to double headcount, build India’s web3 ecosystem

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coinswitch
Bengaluru 25th May 2022 : CoinSwitch, India’s largest Crypto investing app, plans to be 1000 employees strong by the end of 2022. The company plans to hire across levels with key focus on engineering, information security, product and analytics. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari as an aggregator, CoinSwitch launched CoinSwitch Kuber for India in...

NSDL launches “Market ka Eklavya – Express” in 75 cities

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NSDL
Hyderabad/Mumbai, May 25, 2022: India’s largest depository, National Securities Depository Limited (NSDL) launched ‘Market ka Eklavya – Express’, an online investment awareness program for students that will be conducted in 8 different languages including Hindi. The program would serve as a beginner’s guide for investing for the youth. To mark the significance of Azadi Ka Amrit Mahotsav, an initiative of Government...

MU develops infrastructure and nurtures athletes to represent India

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MU
India, 19th May 2022: MU (Marwadi University) students, shone brightly at the recently concluded Khel Mahakumbh 2022, as Rabiya Basathiya, a 1st year BCA student won Silver in 100m athletics and long jump; while Ruchita Sagathiya and Srushti Mehta won Gold in Karate across different weight categories respectively. The MU volleyball team also brought home Gold. Among other recent sports achievements, Jigar...

Funds managed by MOPE invest in Pathkind Diagnostics

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MOPE
Mumbai, 20th May 2022: India Business Excellence Fund – IV, a fund managed and advised by MOPE (MO Alternate Investment Advisors Private Limited ), has agreed to make a primary investment of upto INR 194.4 crore (USD 25 million) in Pathkind Diagnostics Private Limited (“Pathkind”/ “Company”), a pathology focused diagnostics services chain with operations across 23 states in India. Established in 2016, Pathkind is one of the fastest growing diagnostics services chain in India. It is promoted by Mr. Sanjeev Vashishta and the promoters of Mankind Pharma. Pathkind operates...

IntelliSmart successfully concludes INSTINCT 2.0

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intellismart
Mumbai – May 19, 2022: IntelliSmart Infrastructure Private Limited (IntelliSmart), a JV of the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL), has successfully concluded INSTINCT 2.0, its flagship innovation challenge. The program received an overwhelming response. While both individual and team registrations rose 38% compared to the first edition, participation from students (37%), start-ups (35%) and...