Private market correction still in infancy, much more to come: Alpha Wave’s Navroz Udwadia

Keeping the downturn in mind, the fund will look to make more early-stage bets, just the way others like Tiger Global are doing in India.

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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.

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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.

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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.

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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.

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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.

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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.

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