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Unicorn India Ventures to Divest in Six Portfolio Startups

To transfer the shares in its six portfolio firms to the American investor for INR 50 Cr, Unicorn India Ventures has a strategic partnership with the US-based Continuum Fund.Genrobotics, Sequretek, Clootrack, Inc42, Inntot, and NeuroEquilibrium are the six portfolio...

Govt to offer High Risk Indian Academics, Biotech Startups 75 ‘Amrit’ Grants

Jitendra Singh, Minister of State (MoS) for Science and Technology, announced 75 "Amrit" awards on Monday, August 22, for collaborative biotech initiatives including startups, business, university, and research organisations.“75 inter-disciplinary, multi-institutional grants would be supported for high-risk, ambitious research...

There are no plans to impose fees on UPI: Finance Ministry

The Indian Union Finance Ministry has dispelled any rumours that the government could impose fees on UPI by announcing that no decision has been made in this regard.“UPI is a digital public good with immense convenience for the public &...

15th August 2022: PM Modi’s invigorates the Nation with his New Vision

In his powerful address to the nation from the iconic Red Fort on 15th August ( today) to celebrate the spirit of Independent India, Shri Narendra Modi remarked, "Team India's spirit will carry the country ahead and help fulfil...

Eyestem raises $6.4 million, a breakthrough Dry AMD treatment in the horizon

Cell therapy company, Eyestem has raised $6.4 million (Rs 51 crore) in a Series A round. The company's patented flagship product, Eyecyte-RPE, is an experimental treatment for Dry Age-related Macular Degeneration (Dry AMD), and it has additional medicines in...

upGrad Raises $210M Outperforming Sluggish Investor Sentiment

upGrad has secured $210 million in a fresh round of funding. The Founder Group made a $12.5 million investment in this round, acquiring more than 50% of the edtech business.upGrad ambition is to strengthen its team from the present...

Credit Fair Raises $10M to Offer More Convenient Credit Solutions

Credit Fair, a Mumbai-based embedded credit fintech startup, has raised $10 million in debt and equity as part of its seed extension round.Aditya Damani, Founder and CEO, Credit Fair said, “This round will strengthen our mission to extend credit...

Dezerv Secures $20M to Better Portfolio Management Services

Dezerv, a Mumbai based Portfolio Manager has secured $20.7 million to expand and strengthen its wealth management services. The startup's mission is solve for quality wealth and portfolio management advisory, and build a very strong, scalable technology infrastructure that...

India Recognises 75000 startups, a big milestone – Piyush Goyal

India reaches significant milestone; to date, over 75000 startups have been recognised. According to Piyush Goyal, these figures demonstrate the strength of a vision to see innovation and spur growth.The most recent 10,000 startups were recognised in 156 days...

Six Tech Startups out of 24 win grant-in-aid from ISRO

India' Science and Technology Minister Dr. Jitendra Singh announced in Parliament today, Six Space Tech start-ups in the fields of robotics, augmented reality, and virtual reality were chosen and given support by ISRO with grants-in-aid of up to Rs...

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