Article on October 03, 2022
QSR Chain Wow! Momo Enters Into Metaverse
Last month, Wow! Momo had raised INR 125 Crores at a staggering valuation of INR 2125 Crores
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T-Hub, RNTBCI Grant INR 4 Mn To Homegrown Startups
Renault Nissan Technology and Business Centre India (RNTBCI) and T-Hub awarded four startups, namely Imaginate, mSense, MayaMD, and RACEnergy INR 4 million for their winning solutions to develop their Proof of Concepts (PoCs)
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Urban Sphere Bags INR 3 M From Angle Network
This investment will be deployed to increase the company’s operations across national and international geographies.
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Prosus-Owned PayU Terminates $4.7 Bn Bill Desk Acquistion
PayU said that certain conditions were not fulfilled by Sept 30 due to which the acquisition was terminated automatically
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Consumers Willing To Pay More This Festive Season: Report
Accelerated spending habits will be seen in buyers due to the triggered response to feeling free after a long pandemic period
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Nykaa Stock Surges 8%, Board Approves 5:1 Bonus Shares Issue
The board of FSN E-Commerce Ventures, the parent company of e-commerce brand Nykaa, has announced five bonus shares
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5ire Onboards Football Legend Didier Drogba As Advisor
Drogba is credited to have famously stalled a civil war in his country. Since then, he has been known to have been actively involved in social causes
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Vance Secures $5.8 M From Hummingbird Ventures
A Vance account enables users to conduct transactions using local rails in several nations, unlike multi-currency wallets. The objective is to make it possible for consumers to use US direct debit while effortlessly utilising India's UPI rails through the same account
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The XDC Network Secures $50 M From LDA Capital
LDA support will help fund new ventures and entities laser-focused on increasing network adoption
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Crypto Exchange WazirX Lays Off About 40% Employees
The crypto platform has apparently laid off 50 to 70 of its employees. The company has told these employees that they would be paid for 45 days and they would not be required to report to work
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