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UPPER90 CLOSES $180 MILLION FUND FOR ASSET-BASED STARTUP LENDING

Upper90, a leading provider of hybrid growth capital, has raised $180 million in a capped initial closing for its third fund. Commitments came from a strategic investor base of 300 entrepreneurs to help founders scale with less dilution. The firm has pioneered a new investment model combining tailored credit and equity for alignment with technology […]

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WORLD’S LARGEST FINTECH CONFERENCE IS BACK

The largest fintech conference in the world – Global Fintech Fest (GFF) – is back with its third edition. Organized by the Department of Economic Affairs, Government of India, Fintech Convergence Council (FCC), the Payments Council of India (PCI) and the National Payments Corporation of India (NPCI), GFF 2022 will be held September 20 – […]

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PENFOLD CLOSES £7M SERIES A FUNDING ROUND TO ACCELERATE GROWTH

Penfold, the digital pensions platform, today announces the close of its £7m Series A funding round. This follows the significant expansion of the business and the launch of its workplace pension platform in late 2021.  The round was led by Bridford Group, an investment group that deploys its permanent proprietary capital in a range of […]

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Crypto Investing App CoinSwitch Launches $10 Mn Fund To Invest In 100 Web3 Startups

Crypto investing app CoinSwitch on Tuesday launched a fund that will invest in and incubate early-stage startups building blockchain solutions for the Web3 landscape.  The Web3 Discovery Fund aims to catapult up to 100 startups in India. “The fund has an initial corpus of $10 Mn. We are also curating and facilitating subsequent fundraising from […]

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Microsoft Becomes The First International Company To Join ONDC

US-based tech giant Microsoft has become the first international company to join the Open Network for Digital Commerce (ONDC), the Indian government’s ambitious project to streamline digital commerce in the country. According to media reports, Microsoft will look to bring a social ecommerce or a group buying experience to India as it joins ONDC. The […]

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Amazon Looks To Buy 51% Stake In Ecom Express For $600 Mn

As ecommerce gains momentum within the Indian retail ecosystem, Amazon (who doesn’t own an in-house delivery system) is reportedly looking to pick a majority stake in logistics startup Ecom Express for around $500 Mn-$600 Mn. According to a Mint report, the ecommerce giant aims to build an in-house logistics division to catch up with its […]

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Cybersecurity startup watchTowr raises $8 million in its pre-Series A round

Singapore based cybersecurity startup watchTowr recently raised $8 million in its pre-Series A round with contributions from five Indian angel investors including Saket Agarwal of Onnivation, Gaurav Gupta of FarFetch, Bikram Singh Bedi of Google India, and Gaurav Samdaria of Karza Technologies, alongside global investors including Prosus Ventures and Vulcan Capital. To discuss the potential […]

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