Article on May 08, 2023
Here's How ONDC Is Replacing Zomato, Swiggy
As per official data, ONDC has crossed the 10,000-daily order mark and that is why it is being promoted extensively now across the country
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Edtech Startup Cuemath Reduces Headcount, Sacks 100 Employees: Report
Cuemath last raised USD 57 million, in a round led by US-based Alpha Wave Global at a valuation of USD 407 million. The startup's valuation has doubled since that last funding round in December 2020
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More SVB-Like Crises To Come For US Banking System, Aswath Damodaran Predicts
The SVB-led crisis, Damodaran claims, “looks like a slow-motion car wreck” but lacks the “systemic consequences of previous crises”
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Fintech Startup Fundly.ai Raises $3 M In Seed Round
The startup gets roughly 55 per cent of its business from Tamil Nadu, 30 per cent to 35 per cent from Maharashtra, and the rest from Andhra Pradesh
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Paytm Deploys 71 Lakh Devices In April, Strengthens Merchant Payments Leadership
The company also said that with its subscription as a service (SaaS) model, the strong adoption of devices drove subscription revenues and higher payment volumes
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WestBridge Capital Likely To Close Rs 800 Cr Acquisition Deal With Milky Mist
Milky Mist has previously discussed raising funding with private equity and venture capital firms. Those discussions, however, did not bear fruit. The company has never previously raised institutional money
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Bengaluru-based VC Firm 3one4 Raises $200 M For Its Fund IV
The fund was oversubscribed to USD 250 million, but the firm chose to limit its size, according to media reports
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Google's APAC Sustainability Seed Fund To Back Two India-based Organisations
The seed fund aims to enable local organiasations developing solutions for sustainable practices and combating the effects of climate change across APAC
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Rapido-backer AdvantEdge To Launch Third Fund Worth Over $80 M
Fund III will target firms that lease EVs to other companies, such as Zypp, which rents e-scooters to delivery companies such as Zomato and Swiggy
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