Article on June 14, 2021
Digiboxx Hits One million Users In 6 Months
Commenting on the success, Shri. Amitabh Kant, CEO, NITI Aayog said, “Touching 1 million lives in just 6 months is a notable achievement, especially for a bootstrapped firm. DigiBoxx has progressed well and has taken calculative steps to reach this stage. India needs more such home-grown technologies to fulfill our vision of an ‘Aatmanirbhar Bharat."
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ADQ in talks to infuse $400-500mn in Flipkart: sources
The transaction could value Flipkart between USD 35-40 billion, sources close to the development said. An announcement could be made in the next few weeks, they added.
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Shyam Metalics IPO Subscribed 1.23 times On First Day
The non-Institutional Investors category was subscribed 70 percent and those for retail individual investors (RIIs) 2.19 times. Shyam Metalics and Energy Ltd on Friday collected Rs 270 crore from anchor investors.
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Paytm launches vaccine appointment booking feature on app
'Paytm users can now search, discover & also book their vaccination slots for both Covaxin and Covishield at the nearest center through the Paytm app. The service would help Indians seamlessly book vaccination slots and gain immunity, helping in fighting the ongoing pandemic,' Paytm said in a statement.
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Convosight Raises $9 Million In Series A Funding
Convosight is building a monetization ecosystem for community creators on platforms like Facebook Groups, Reddit and Discord so that they can partner with brands and sustainably monetize their communities.
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Private Equity And Venture Capital Investments Fall In May To $3.6B: Report
However, on a year-to-date basis, the venture investments by these two categories of investors have doubled to USD 20 billion for the first five months of 2021, the report by industry lobby IVCA and consultancy firm EY said, stressing that investors continue to remain bullish.
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Mumbai Angels Network Partners With AWS To Increase Value For Its Portfolio Companies
The partnership will enable the portfolio companies to scale up and expand their market presence
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Power Gummies Raises US $1Million In Funding Round Led By 9Unicorns
India’s health industry is expected to grow at the highest CAGR amongst all domains. Given the current pandemic scenario, healthcare companies reported a 40-50% year-on-year sales surge as consumers are more receptive towards immunity-building products.
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JM Financial Private Equity invests in Walko Food
Commenting on the capital raise, Mr. Jeetendra Bhandari (JB), Managing Director, Walko said, 'This growth capital infusion and partnership with a seasoned investor like JM Financial Private Equity will help us accelerate our current expansion plans and expand market share. NIC has emerged as a fast-growing natural ice cream brand in the country including during FY20-21 and is rapidly scaling up. Walko is focused on building brands that deliver on quality, innovation, and superior customer experience.
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InMobi's Glance To Acquire Shop101
The acquisition - whose deal size was not disclosed - will provide Glance and Roposo end-to-end capability for launching celebrity and influencer-led LIVE commerce
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