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Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG Report

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PhonePe, India’s leading digital payments company, in collaboration with  Boston Consulting Group (BCG), today unveiled a report titled, “Digital payments in India: A $10 trillion opportunity”. The report leverages BCG’s industry expertise in payments and the fintech domain, along with PhonePe’s deep insights and expertise as the market leader in Indian digital payments and its extensive Pulse database to look at … Read more

SBI Offers Free Online Learning Course for Underprivileged Students

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SBI Foundation introduced UpSchool, a digital learning program for students from class 1-10 in partnership with Khan Academy, an educational nonprofit in India. This program will be available in English, Hindi and Kannada languages aiming to reduce learning gaps and build a solid foundation in math and reading for their current academic year. Students or … Read more

Cashfree Payments partners with NPCI for tokenization of RuPay cards

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Cashfree Payments, a leading payments and API banking solutions company, today announced that it has partnered with National Payments Corporation of India (NPCI) to provide tokenization solutions on RuPay cards for its merchants. Cashfree Payments’ tokenization solution ‘Token Vault’ helps merchants to provide their customers the option to save cards on the merchant website or … Read more

Global Ecommerce Market to Grow USD 20313450 Million by 2028 with a CAGR of 17.4% | Valuates Reports

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The Global eCommerce Market is Segmented by Type (Buyer-oriented E-commerce, Supplier-oriented E-commerce, Intermediary-oriented E-commerce), by Application (SMEs, Large Enterprises). Due to the COVID-19 pandemic, the global E-Commerce market size is estimated to be worth USD 7750530 Million in 2022 and is forecast to a readjusted size of USD 20313450 Million by 2028 with a CAGR … Read more

AIC-Pinnacle plans to incubate 30+ new startups, facilitating funds up to 10 million in 2022

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India’s leading incubation & investment platform, AIC (Atal Incubation Centre)-Pinnacle Entrepreneurship Forum, supported by Atal Innovation Mission, NITI Aayog, Ministry of MSME, and Ministry of Electronics and IT Govt of India, has announced its plans to incubate 30 new startups with estimated facilitation of funds up to 10 million in the current financial year. The … Read more

Slice raises $50 Mn in a new round led by Tiger Global

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Slice, a fintech business, announced on Wednesday that it has secured $50 million in a larger series C round led by Tiger Global, which it will use to expand its new unified payments interface (UPI) platform. Moore Strategic Ventures and Insight Partners, as well as a new investor, GMO VenturePartners, participated in the newest investment … Read more

Edtech firm Cuemath raises $57 Mn led by Alpha Wave

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Cuemath, an online math tutoring platform, announced on Wednesday that it has raised $57 million (about Rs 438 crore) in a fundraising round led by Alpha Wave, bringing the company’s valuation to $407 million. Lightrock, Alpha Wave Incubation, Sequoia Capital India, CapitalG (previously Google Capital), and Manta Ray are among Cuemath’s investors. Existing investors took … Read more

MoEngage raises $77Million Series E funding, led by Goldman Sachs Asset Management and B Capital

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MoEngage, the insights-led customer engagement platform, today announced that it has raised USD $77M in Series E funding. This round was led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors; Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India. This is the third fundraising undertaken by … Read more

Oracle Movies gets seed fund under Union government’s scheme, signs pact with over 40 Malayalam producers

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Oracle Movies, India’s first NFT Movie MarketPlace, is steadily making progress by creating the right waves in the industry and beyond. Founded by Technology Entrepreneur Senthil Nayagam and Film Producer G K Tirunavukarasu, Oracle Movies is expected to bring a tectonic shift in the way film business is being done in India. Already, around 1000 … Read more

Francis Wong named as the youngest CEO of realme Europe

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realme, the world’s fastest-growing smartphone brand, announced the appointment of Francis Wong, former CMO of realme Europe and India, as CEO of realme Europe. Under the new designation, Francis will lead the product, marketing and sales functions in the Europe market and will superhead the brand presence and operations in the Europe region.  The development … Read more

JITO Angel Network backs observability platform KloudMate in pre-Seed round

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In a pre-seed fundraising round, ITO Angel Network (JAN), India’s only global community-based Angel network, funded an undisclosed amount in observability platform KloudMate, continuing with its vow to help India’s start-up ecosystem from the very early stages of its development. Amitava Saha, Pranab Buragohain, and Bidyut Baruah founded KloudMate, a deep tech platform that discovers … Read more

Agritech startup Nutrifresh raises $5M in Pre-Series A funding

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Nutrifresh, an agritech business based in Pune that focuses on hydroponically farmed produce, has raised $5 million in a Pre-Series A fundraising round. Nutrifresh’s mission is to supply consistent pesticide-free, nutrient-rich hydroponic produce. It was co-founded by agripreneurs Sanket Mehta and Ganesh Nikam. The company claims to be quality-focused, having earned ISO, FSSAI, APEDA, HACCP, … Read more

ShareChat raises $300M from Google at $5B valuation

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Short video app Sharechat’s parent company has raised nearly $300 million in funding from Google, Times Group, and Temasek Holdings. After backing Bengaluru-based unicorn VerSe Innovation’s Josh, Google has made its second investment in the short video industry in India. In 2015, IIT Kanpur alumni Ankush Sachdeva, Farid Ahsan, and Bhanu Singh formed Mohalla Tech, which owns … Read more

Edtech platform Infinity Learn acquires Wizklub for $10 mn

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Backed by Asia’s Largest Education group Sri Chaitanya, Infinity Learn, the Fastest Growing EdTech brand today forayed into one more vertical – ’Infinity Futurz’. to catapult the company’s ambition, Infinity Learn acquired Wizklub, a holistic cognitive development edtech start-up that builds skills necessary to succeed in future for school children of age 6-14 years through … Read more

ElectricPe inks partnership with Electric One

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ElectricPe, India’s most trusted EV charging platform, has partnered with Electric One, India’s Largest EV Super Stores Chain, to provide robust charging infrastructure and encourage EV adoption. Through this alliance, Electric One customers across 82 stores in India will get access to ElectricPe’s EV platform. The alliance will be executed phase by phase, starting in Bengaluru, before scaling across different regions, … Read more

Gifting Platform and Bakery Chain Winni Forays into Baking Education, Opens its First Institute in Panchkula

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Inspired by exponential growth in Bakery industry in India in last few years & emerging cultural shift in Indian society of buying cakes and other bakery items on different occasions in the place of traditional sweets, country’s fastest growing online gifting platform & bakery retail chain Winni has forayed into baking education by starting it’s first baking … Read more