Matrix logs in largest India fund at $550 million to help retain ownership in companies for longer

Matrix Partners began deploying its fourth India dedicated fund, originally intended to close at $450 million in size, a year ago, and has since backed 18-20 companies from the pool of capital.

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Is Musk's DeSantis show a winning ticket for Twitter?

DeSantis is considered a credible challenger to seizing the Republican nomination from frontrunner Donald Trump in the 2024 election, and his tie-up with Musk's Twitter has generated buzz.

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Fast-fashion giant Shein plans Mexico factory

Shein was founded in China and manufactures most of its products there, but is seeking to diversify. The company sells $10 dresses and $5 tops and has taken market share from other affordable fashion retailers.

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Sequoia weighs La Renon Healthcare exit

Plans are still on the drawing board and the storied Silicon Valley venture capitalist (VC) may not necessarily follow through with them, the sources cautioned. Menlo Park-headquartered Sequoia Capital had invested a sum of $16 million in Pankaj Singh-founded La Renon Healthcare in June 2015 at a valuation of around $100 million.

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Banks, lenders wary as RBI tags C-KYC high risk; Snap bulking up India team in monetisation push

Centralised Know Your Customer (C-KYC) database, which was conceived as a solution to KYC challenges faced by financial institutions, has been flagged as high risk by the Reserve Bank of India, making lenders wary. This and more in today’s ETtech Morning Dispatch.

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New FDI policy for space likely to be out in three months: IN-SPACe chairman Pawan Goenka

Policy may allow FDI under automatic route in satellites, launch vehicles, sub-systems

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Netflix expands password-sharing crackdown worldwide

Netflix said early this year that more than 100 million households were sharing accounts at the service, "impacting our ability to invest in great new TV and films."

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