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[indianstartupbuddy]

BharatPe - BharatPe Acquires Loyalty Platform Payback For $27 Mn The acquisition is part of their strategy to build a network of over 20 million small merchants The joint team will make a new version of Payback Payback India CEO was appointed as group president of BharatPe in February. #startup #business #india #news #bharatpe #online #onlinetransaction #payback #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CP8Yo6NhBBJ/?utm_medium=tumblr

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CultFit - Cult.fit Acquires Tread, Plans To Launch Smart Bikes And Bench For Workout At Home The purchase is cult.fit’s investment in home equipment-based workout system that are growing in popularity since the pandemic With this acquisition, cult.fit will launch smart fitness hardware products, beginning with smart bikes Earlier, cult.fit had also acquired Fitternity to this effect. #startup #india #news #indianstartups #business #cult #cultfit #fitness #workout #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CP8YRRMB0-0/?utm_medium=tumblr

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Niyo - Index’s features will be incorporated into Niyo’s zero balance account catering to millennials This is Niyo’s second acquisition after acquiring Goalwise The founders of Index, will be joining Niyo’s team.Neo-banking firm Niyo has acquired personal finance startup Index for an undisclosed amount. Niyo will integrate Index’s personal finance tracking features into its products, especially NiyoX. #startup #news #india #niyo #banking #indianstartups #acquisition #business #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CP8Xqnvhv0A/?utm_medium=tumblr

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Flipkart - Japanese conglomerate SoftBank Group Corp. is in talks with Flipkart to invest $700 Mn in the ecommerce marketplace. SoftBank is in talks with Flipkart to invest $700 Mn The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 Bn funding round The transaction is expected to value the ecommerce marketplace at $28-30 Bn. #startup #news #india #business #flipkart #softbank #funding #ecommerce #onlinedelivery #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CP0j0-DB9mG/?utm_medium=tumblr

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Upgrad - upGrad for Business, the B2B arm of edtech platform upGrad, to upskill one lakh womenin data science, technology and management roles. pGrad for Business, the B2B arm of edtech platform upGrad, on Thursday said it is in talks with corporates to train over one lakh women in data science, technology and management roles. This is as part of its WISDOM (Women in Science, Data, Organisational behaviour & Management) initiative. The initiative will enable organisations to enhance gender diversity in these fields which are typically seen as male dominated, a statement said. #startup #news #india #upgrad #online #business #onlineclass #study #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CP0I7O9hFNM/?utm_medium=tumblr

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Fidoo - India's first app to bring the entire offline market for multiple needs to a single online platform. A credible source empowering local businesses to go online at 0% commision and widen their customer base. #startup #news #india #business #fidoo #indianstartups #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPudKx-hK0c/?utm_medium=tumblr

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Kreditbee - India SME Investments said it injected Rs 60 crores ($8.2 million) in a mix of debt and equity into the holding entity of fintech lending platform KreditBee to expand its BFSI portfolio.   The capital investment comes after India SME invested Rs 28.4 Crores in September 2019 as debt in Krazybee Services Pvt Ltd.    In March, the holding entity of fintech firms KreditBee and Krazybee Services raised $70 million in follow-on funding just a month after a Series C fundraise from NewQuest Capital Partners, a TPG-backed Asia-Pacific-focused secondaries private equity platform and Motilal Oswal Private Equity. #startup #india #news #business #kreditbee #loan #fintech #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPs3JY5hKpn/?utm_medium=tumblr

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Nykaa - Beauty and fashion ecommerce platform Nykaa is looking at a valuation of $4.5 Bn for IPO scheduled for later this year. It’s a sharp rise from its earlier valuation of $3 Bn+, according to reports. The beauty ecommerce startup is seeking to leverage gains from the massive shift towards online sales witnessed during the Covid-19 pandemic. #startup #news #india #business #nykaa #fashion #beauty #ecommerce #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPstbkABHBV/?utm_medium=tumblr

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Dockabl - Binny Bansal’s xto10x Acquires HRTech Startup Dockabl. aaS-based consultancy xto10x, set up in 2017 by Flipkart co-founder Binny Bansal and former eKart executives Saikiran Krishnamurthy and Neeraj Aggarwal, has acquired human resources tech startup, Dockabl for an undisclosed amount, the company said on Wednesday. The acquisition strengthens xto10x’s product portfolio that includes 10xGoals (objectives and key results, or OKR strategy to execution platform) and 10xPeople (employee sentiment analysis and engagement platform). #startup #india #news #business #indianstartups #dockabl #ecommerce #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPsLyeYBwU7/?utm_medium=tumblr

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Lambdatest - Browser testing startup LambdaTest has raised $16 Mn in Series B funding round. The funding round was led by Sequoia Capital India with Telstra Ventures, and Wamda Capital also participating in the round. The firm said that the funding will be used to scale its testing ecosystem and to build next-generation cloud infrastructure for users. The company will also look to launch a new suite of products for developers this year, helping them perform testing at scale. #startup #news #india #business #indianstartups #lambdatest #cloud #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPsLV-iB9UR/?utm_medium=tumblr

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Coin Currency - The Reserve Bank of India (RBI) issued a clarification around Bitcoin and cryptocurrency trading, informing banks that they cannot warn customers against trading, using an old order. The Reserve Bank of India Monday issued a clarification around Bitcoin and cryptocurrency trading, informing banks that they cannot warn customers against trading, using an old order. The clarification comes as a relief for the crypto market which has been dealing with a lot of confusion and uncertainty in India. RBI’s statement came in response to the warnings issued by banks to their customers, asking them not to invest in cryptocurrencies, citing an old order by the central bank. #startup #news #india #business #indianstartups #bitcoin #cryptocurrency #coin #ecommerce #investment #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqmN0MhkN0/?utm_medium=tumblr

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BluSmart - BluSmart electric cab fleet to have 50% women drivers, First batch begins operations in Delhi. BluSmart is an asset-light model and does not require a driver-partner to own and bring the electric car on the platform. BluSmart recently announced that the first batch of its women driver-partners has begun operations in Delhi. The all-electric ride-hailing platform plans to increase the number of women driver-partners to 500 in one year’s time. The women driver-partners are currently onboarded to drive from BluSmart hub at Delhi’s Indira Gandhi International Airport and will be offered an 8-hourly lease only during the daytime. #startup #news #india #business #blusmart #ecommerce #cab #cabfleet #indianstartups #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqgP26lQVN/?utm_medium=tumblr

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Nestle - Maggi maker Nestlé’s internal document says majority of its food products 'unhealthy' Nestlé’s, which makes Maggi noodles, KitKats and Nescafe, in an internal document admitted that more than 70% of its food and drinks portfolio do not meet the “recognised definition of health”. The world’s biggest food company also admitted that some of its food products will ‘never be healthy’ no matter “how much we renovate”. According to UK business daily Financial Times, a presentation circulated among top executives in early 2021 said that only 37% of Nestle’s products, excluding pet food and specialised medical nutrition, achieved a rating of 3.5 or higher under Australia’s health star rating system. The company considered 3.5-star rating as the “recognised definition of health”. The system rates foods on a scale of 5 stars and is used by international groups as the benchmark. #startup #india #news #business #nestle #brand #food #foodbrand #marketing #maggi #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqexSnlEIm/?utm_medium=tumblr

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Zerodha - Zerodha CEO Nithin Kamath said the board had passed an enabling resolution that allowed “working promoters to draw salaries up to the number in case of liquidity requirements” nline stock brokerage Zerodha’s bottomline for 2020-21 (April-March) ballooned to Rs 1,000 crore, more than double from last year’s profits of Rs 442 crore, according to the company. Zerodha CEO Nithin Kamath — in a series of tweets, elaborating on the special resolution passed by the company’s board for a salary of Rs 100 crore each for the three founder promoters — said that the board had in fact passed an enabling resolution that allowed “working promoters to draw salaries up to the number in case of liquidity requirements”. #startup #india #news #business #zerodha #indianstartups #stockmarket #stocks #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqelN2Bfov/?utm_medium=tumblr

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LCD Panel - The government of India is apparently planning on investing a heavy sum of 20 billion US Dollars to help develop the LCD panel industry. This investment will be used to promote the establishment of production and LCD panel related supply chains in the country. ccording to a DigiTimes report, local news agencies have revealed that the local government is reportedly aiming to develop LCD panel production in India. The Ministry of Electronics and Information Technology will lay out investment incentive plans in six months that will facilitate the building of local panel production supply chains, based on the MoUs it received from potential local and overseas investors. Through this investment, India would be capable of supporting about three to four large scale LCD panel investment projects that will have a budget of about 20 billion US Dollars. This figure was said to be announced by the ministry’s secretary Ajay Prakash Sawhney in an online conference. Furthermore, the reports added that the nation is also preparing to establish 6G lines to roll out panels for mobile device applications and 8.5G lines for other applications as well. #startup #india #news #business #lcdpanel #lcd #funding #indianstartups #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqPOvqBWUM/?utm_medium=tumblr

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WazirX - Binance-owned crypto exchange WazirX on Tuesday said it has launched South Asia’s first non-fungible token (NFT) marketplace with 15 creators hailing from multiple categories including digital artists, muralist photographers, canvas artists, space 3D artists, street artists, and visual artists to sell their work. For the uninitiated, every NFT is unique and cannot be traded unlike cryptocurrencies, which are identical to each other, and can enable commercial transactions. For instance, one Bitcoin is equal to another Bitcoin or Re 1 is equal to another Re 1 but NFTs cannot be a medium of transactions because of their uniqueness. However, they are being used to represent real-life assets such as artwork. In fact, celebrities such as Snoop Dogg, Paris Hilton have used NFT to release their artwork in the recent past. #startup #business #india #news #cryptocurrency #bitcoins #indianstrtups #online #ecommerce #digital #wazirx #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqPCGqB79g/?utm_medium=tumblr

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Digital media - Social media giants Twitter, WhatsApp and other significant social media platforms, Appoint Grievance Officers To Comply With New IT Rules, Twitter had recently said it was committed to India as a vital market, but criticised the new IT rules and regulations, saying they "inhibit free, open public conversation". #startup #india #news #business #digitalmedia #socialmedia #twitter #facebook #indianstartupbuddy (at Delhi, India) https://www.instagram.com/p/CPqHQd0hmo0/?utm_medium=tumblr