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Press Release

Chai Point, the largest organized Chai Company in India, today announced a $20 million Series C funding round, led by Paragon Partners. All existing investors - Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG – participated in this round, with some of them investing super pro rata. Chai...

FMCG major Marico has announced that it will acquire up to 22.5% stake in Mumbai-based Revolutionary Fitness Pvt. Ltd, which owns health and fitness app Revofit, and incubated at Ant Farm, the startup accelerator founded by former Times Internet chief executive Rishi Khiani. The move is expected to help...

Indian Institutes of Technology (IITs), which are considered premier institutes in the country, are the fourth largest producer of billion dollar startups in the world, according to a 2017 study's report. Now, in what could be considered as the catalyzing move to produce more problem-solving startups and...

New York-based blockchain startup Consensys, which is founded by Joseph Lubin, who is the co-founder of the Ethereum, has entered India and opened an office in Delhi with six people already hired \, and plans to hire another 40-50 in the coming months. Over the next 12 months, Consensys wants...

Before the tragedy of 'Trump' happened to the US, the Obama-led government had previously created the International Entrepreneur Rule (IER) under which foreign-born entrepreneurs are allowed to remain in the US for up to 5 years if they've created a company/startup that has the potential for rapid growth and...

Gray Matters Capital, an impact investor focused on enterprises working to improve access to affordable quality education and employability in India, has today announced the launch of ‘GMC Calibrator’ -- a 6 month Zero Equity Blended Accelerator Program. This is India’s first accelerator program focused on improving...

PaisaDukan.com a P2P Lending marketplace solely owned by Mumbai based FinTech start-up BigWin Infotech, today announced a secured seed funding of USD 650K through Angel funding rout. The fund will be used for marketplace platform and mobile app development. BigWin Infotech is a government of India recognized ISO 9001:2015...

To combat the spread of "fake news" on its platform, Facebook is partnering with third-party fact-checking organizations in different parts of the world as one of the ways to better identify and reduce the reach of false news that people share on Facebook. In India, Facebook...

Mumbai-based online freight logistics startup Cogoport has raised about Rs. 40 crore in Series A funding round from private equity investor Accel Partners, reported Times of India. Although, the startup has not disclosed the amount however according to different media outlets the amount...

Gladys Berejiklian, an Australian politician who is a Premier of New South Wales (NSW)-- a southeastern Australian state, today announced a two-year $1.58 million partnership between NSW and India to enhance the State’s startup, technology and advanced manufacturing sectors. Ms Berejiklian made the announcement in Mumbai at accelerator Zone...