Existing backers Creation Investments, Tiger Global Management and Sequoia Capital led the round, with Google joining in as a new investor.from Tech-Economic Times https://ift.tt/16mwVWs
B2B lending platform Progcap raises $40 million in funding
Existing backers Creation Investments, Tiger Global Management and Sequoia Capital led the round, with Google joining in as a new investor.from Tech-Economic Times https://ift.tt/16mwVWs
Early stage gets funds as late stage still in ‘funding winter’
Seed and Series A investments rose 88% and 22%, respectively, in January-March over the same period in 2021, data from Venture Intelligence that was shared with ET showed.from Tech-Economic Times https://ift.tt/vZnb5lf
States race to woo Foxconn as EV, Chip fab plan take shape
A senior bureaucrat who was part of his state’s delegation that met Liu said, “it was an opportunity to understand Foxconn’s priorities on its India manufacturing agenda, and their work plan.” Noting that the Taiwanese major is “looking at a basket of products; EVs is one among them, advanced communication equipment is another, and there are several more,” he told ET.from Tech-Economic Times https://ift.tt/gzfTMFt
Payments Council seeks government help post RBI’s fintech order
The council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) norms should be treated on par with bank accounts, and that they should be allowed to disburse credit.from Tech-Economic Times https://ift.tt/0JYNXEA
Reliance, PremjiInvest, CP Group, Swiggy look to bid for Metro India unit
The Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, said the people mentioned above.from Tech-Economic Times https://ift.tt/19macLp
Influencers cry foul over delayed pay at Trell; 100 more staff leave firm amid troubles
About 100 employees of Trell have also voluntarily left the company over the last two months, a source familiar with the developments said.from Tech-Economic Times https://ift.tt/7UPMFX9
Loco launches ‘Legends’, India’s first NFT platform for esports
The platform, Loco Legends, will partner with 50 of India’s most popular e-sports teams and allow fans to buy and trade in virtual collectibles, not unlike how sports fans buy merchandise and collectibles for their favourite sports teams in the real world.from Tech-Economic Times https://ift.tt/gqAtw3Y
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