Treebo cofounder Rahul Chaudhary joins VC fund Matrix Partners

In his new role as venture partner at Matrix India, Chaudhary will be looking at early-stage investments for the fund, focussing on seed to Series A startups.

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Italy warns hackers targeting known server vulnerability

The hacking attack sought to exploit a software vulnerability, ACN director general Roberto Baldoni told Reuters, adding it was on a massive scale.

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Foxconn's January sales surge as China Covid-19 disruption shaken off

Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control Covid-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou.

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Govt blocks 232 foreign apps, including Chinese for gambling, money laundering

The government has blocked 232 apps operated by overseas entities, including Chinese for being involved in betting, gambling and unauthorised loan service, according to an official source.

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Financial services startup ESOPDhan looking to raise structured debt to drive growth

ESOPDhan is planning to go for raising structured debt from investors and large family offices, once its current corpus is fully used up.

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Chinese Internet firms log first revenue decline amid regulatory crackdown

According to the South China Morning POst, the combined revenue of Chinese Internet firms decreased 1.1% to 1.46 trillion yuan ($217 billion) last year, marking a sharp contrast to double digit growth in the previous six years.

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Insolvency and Bankruptcy Code had big role to play in India's startup culture: Justice SK Kaul

Speaking at the Insolvency Law Academy's inaugural conference on the topic of "Emerging Global Insolvency Horizon: Indian Footprint and Front View", Justice Kaul said India's economy has been growing since the early 1990s, leading to an expansion of the credit market.

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