Article on May 11, 2021
Ahead Of IPO, Flipkart Plans $1 Billion Fundraising
This round of fundraising is largely for company expansion, and catalysing Flipkart valuation ahead of its IPO. This will also enable the e-commerce to compete with its deep-pocketed rivals like Reliance Retail. and Amazon.com Inc.
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Paytm COVID-19 Vaccine Finder Crosses 1.5 Million Unique Users, New Features Enable Real-Time Discovery And Booking Of Vaccine Slots
The platform helps citizens to check the availability of slots for a specific date by individually entering different PIN codes or district details along with age group (18+ or 45+).
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FMO, CDC Group, Swedfund, And IFC Participate In First Close Of Nepal-focused Dolma Impact Fund II
The timing is important as COVID cases rise in Nepal, following the trend in India. Dolma II’s target sectors will directly address capacity constraints in healthcare and enable digital solutions to scale rapidly that will be vital both during and following the pandemic.
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100X.VC launches Entrepreneurship Gurukul – A Not-for-profit Initiative For Aspiring Entrepreneurs To Learn Startup Strategies
The initiative will bring together the best startup strategies from industry experts to catalyse the conversion of ideas into a startup business through masterclasses as well as their real-life experiences.
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IIM Ahmedabad’s Incubation Centre And Multiple Eminent Angel Investors Invest In Smart Video Analytics Startup Pixuate
While the investment amount remains undisclosed, a bulk of it would be invested in Pixuate’s R&D for accelerated product development and market expansion.
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Sona Comstar Gets Sebi's Go ahead To Float Rs 6,000-cr IPO
The IPO comprises a fund-raise via fresh issue amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc, according to draft red herring prospectus.
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AgriTech Startup Eekifoods Raises Pre-Series A Funding From GSF Accelerator, Gulf-based Syndicate And Others
The startup said the funds will primarily be used for further technology development, scaling operations, and team building.
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iCreate Incubated Startups Develop Augmented Healthcare Solutions For Hospitals To Battle COVID-19
The devices will help in altering ICU ventilators to host multiple patients at the same time and augmenting large-scale oxygen supply chains. Furthermore, these devices are ready for mass deployment to support healthcare institutions and hospitals to optimize their resources to the fullest immediately.
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Rubix Data Sciences Raises INR 6.2 Crore In Seed Funding Round
This round of fresh funding will be utilized to enhance the analytics and technology capabilities of the brand’s ‘Automated Risk Management and Monitoring System’ (ARMS).
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Khalsa Aid Raises Over INR 2 Crore In 4 Days Through Crowdfunding To Procure Oxygen Concentrators
ImpactGuru fundraiser page has raised over Rs. 2 crores, cumulatively contributed from over 11,000 donors. The single highest donation received on the crowdfunding campaign in USD is $10,000 and in INR is 2.50 lakh.
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