Business

Whizzo Raises $4.2 Million to Revolutionize Textile Manufacturing with Innovation and Sustainability

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In a major step towards reshaping the global textile industry, Whizzo, a cutting-edge materials science startup, has raised $4.2 million in a seed funding round led by Lightspeed. The round also saw participation from BEENEXT, a global venture capital firm. With this fresh capital, Whizzo aims to accelerate its growth by advancing its materials science R&D, building a state-of-the-art design lab…
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Magicpin has brought around $3 million up, round drove by Oyo

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Disconnected disclosure and award stage Magicpin has brought around $3 million up in another tranche drove by Oyo’s author Ritesh Agarwal through his own unique reason vehicle (SPV) RA Holdings. Existing financial backers Lightspeed, The Bunting Family and Moonstone have likewise partaken in the tranche. This is the second imbuement by the triplet in the previous 15 months. They put $3.9 million…
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Lightspeed powers more than 19% stake in ShareChat

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Throughout the long term, Lightspeed has multiplied down on its stake in select portfolio organizations by imbuing enormous sums many a round. This is obvious in its shareholding in Udaan and Magicpin where it possesses 40% and 42.27% individually. It additionally possesses the biggest stake in desi informal communication cum short diversion stage ShareChat. Following the organization’s $502…
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Lightspeed drives Series B subsidizing in AI-based clinical records stage HealthPlix

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HealthPlix Technologies Pvt Ltd, which runs a computerized reasoning based clinical records stage, on Wednesday said it has raised $13.5 million (around Rs 99 crore) as a feature of its continuous Series B round. The financing was driven by Lightspeed and joined by existing financial backers JSW Ventures, Kalaari and Chiratae. The Bengaluru-based startup was set up in 2016 by Raghuraj Sunder Raju…
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Top financial specialists look for play for LIC, NPS in investment reserves; charge clearness

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Around 40-45 worldwide just as homegrown financial specialists are required to introduce a rundown of key requests to the public authority in two separate shut entryway meetings as a component of Prarambh, a Startup India activity. These incorporate empowering monetary establishments, for example, the Life Insurance Corporation of India (LIC) and the National Pension Scheme (NPS) to back…
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Mirae Asset dispatches $35 Mn worth beginning phase centered asset for Indian new companies

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Mirae Asset, which has supported Indian new businesses and unicorns like Swiggy, Zomtao, Ola, Shadowfax ZoloStay and BigBasket, is presently dispatching a beginning phase centered asset for new companies in the nation. As per an ET report, South Korean monetary administrations organization Mirae Asset bunch through Mirae Asset Venture Opportunities Fund 1, has made a corpus of $35 million to back…
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