Sprinto raises $10 million from Elevation Capital, Accel, Blume Ventures

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Polygon’s big fundraise gives firm institutional heft

More than the money, institutional legitimacy that comes with the likes of SoftBank, Tiger Global and Sequoia Capital will help Polygon in the next leg of growth, founders feel.

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Oloid raises $12 million from Dell, Honeywell, Okta Ventures, others

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Digital rupee must be anonymous: Nilekani; why Polygon tapped top investors

Digital rupee must be anonymous to prevent the possibility of state surveillance, Nandan Nilekani says. Institutional heft and firepower were the two reasons why Polygon raised funds from marquee investors, its founders say.

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BharatPe’s Grover looks to sell stake; crypto exchanges face another tax headache

BharatPe cofounder Ashneer Grover is in talks with investors to sell his 9.5% stake in the $2.8-billion startup. But will he be able to exit before the final audit report is in?

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Quantum technology can add $310 billion to Indian economy by 2030

In India, sectors such as manufacturing, high-tech, banking, and defence will likely lead the charge of adopting quantum technologies for critical and large-scale use cases, Nasscom says in a report.

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India seeks AI solutions from IT firms, startups to reduce power loss

With the use of advanced technologies, power discoms will be well-equipped to make decisions across loss reduction, demand forecasting, differential tariff in a day and renewable energy integration.

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