BusinessNews

Zetwerk Raisesd $2.2 Mn From InnoVen Capital As It Deepens Manufacturing Capabilities

Bengaluru-primarily based production services platform Zetwerk has raised $2.2 Mn (INR 16 Cr) in a fresh investment spherical from InnoVen Capital. Prior to this spherical in December 2019, Zetwerk raised $32 Mn in its equity Series B investment spherical from new investors Lightspeed and Greenoaks Capital in addition to current investors Sequoia India, Accel and Kae Capital. Along with this, the…
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BusinessNews

Vivriti Capital Bags INR 100 Cr From Current Investor Creation Investment

Chennai-based on-line corporation debt platform Vivriti Capital has raised INR 100 Cr (about $14Mn) investment from current investor Creation Investment. Earlier, the corporation has raised $50 Mn in its Series B investment from LGT Lightstone’s India focussed funding platform LGT Lightstone Aspada. This takes the corporation’s total equity funding to INR 760 Cr ($105 Mn) since its…
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BusinessNews

Growth Intelligence Raised £1.7m in Funding

Growth Intelligence, a London, UK-primarily based platform for entrepreneurs and sales leaders to develop faster through AI, closed a £1.7m investment spherical. The spherical was led through 24Haymarket with participation from current investors inclusive of MMC Ventures. The organization intends to apply the price range to spend money on its AI Platform – constructing new AIs to solve extra…
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BusinessNews

Immune Regulation Raised £40.6M in Series B Equity Financing

Immune Regulation Limited, a US and UK primarily based clinical stage biotechnology company, closed a $40.6m Series B investment spherical. The spherical was led through Morningside Ventures, along with present shareholders such as London based 24Haymarket. The funding is structured in tranches and consists of an choice for Morningside to make investments further capital at a step up to the…
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BusinessNews

Tesla in discussions with Karnataka government to set up R&D centre in Bengaluru

Electric vehicle maker Tesla Inc is in talks with the industries branch of Karnataka government to set up a centre in Bengaluru to leverage the huge research and development (R&D) ecosystem in India’s generation capital. “The first proposal is for an R&D centre and we’ve already had at least rounds of discussions,” stated one official from the branch, requesting not to be named. The…
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BusinessNews

Ananthu Vijayan temple worker wins Kerala Onam lottery worth Rs 12 crore

Ananthu Vijayan, who works at Ponneth Temple in Ernakulam’s Kadavanthra, gained the primary prize of the Kerala government’s Thiruvonam Bumper 2020 lottery. Ananthu Vijayan gained the Kerala government’s Thiruvonam Bumper 2020 lottery on September 20. The 24-year-old, who works at Ponneth Temple in Ernakulam’s Kadavanthra, gained the primary prize worth Rs 12 crore, in keeping with media…
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BusinessNewsStartup

Pep Technologies raisesd Rs 42 crore in investment spherical led by Amicus Capital, RPSG Ventures

This is the third spherical of investment raised by the company so far and the fresh funds will be utilised for scaling up R&D capabilities, increasing distribution throughout virtual channels, developing operations, brand building and organisational scale up, the company stated in a statement. “mCaffeine plans to penetrate the market aggressively by giving more emphasis to a customer-driven…
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Under Modi’s pet scheme, startup jobs soar 126%; this many companies recognised

There has been a 126 per cent soar in the range of jobs created by DPIIT-known startups from April last 12 months under the Startup India marketing campaign released by Prime Minister Narendra Modi in January 2016, in keeping with the latest authorities data. From 1,87,004 jobs said by 16,105 startups. As, tweeted through former DPIIT Secretary Ramesh Abhishek in June closing 12 months, the…
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BusinessNews

As component of ‘Atmanirbhar Bharat’ the govt. is keen to enlarge domestic production capacity for open cell panels

Open cell panels, a key element used in the production of tv sets, will appeal to 5% import duty from 1 October, with the authorities announcing that a duty exemption expiring at the cease of this month will not be extended – to reinforce domestic production. As component of ‘Atmanirbhar Bharat’ the authorities is keen to enlarge domestic production capacity for open cell panels in order…
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IPL’s first match of Mumbai Indians vs Chennai Super Kings: 8 mn paid viewers on Disney+Hotstar

As many as 8.1 million concurrent viewers logged on to legitimate broadcaster Star India’s video streaming platform Disney + Hotstar to watch the primary match of Indian Premier League (IPL), 2020, on Saturday, as in step with LetsOTT, a Malaysian-based virtual media company. The numbers are massive as the match was at the back of a paywall, stated media buyers. MS Dhoni-led Chennai Super…
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