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PM Modi lauds growth of start ups in India on Mann Ki Baat

Encouraging the youth to become job creators, PM Modi said in a country with high young population, three attributes, namely, ideas and innovation, passion to take risks and can-do spirit were the three things that created success stories.   The government of India earlier started a flagship programme known as Startup India to help create …

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ByteDance is shutting down edtech business in India

ByteDance is shutting down its edtech business in India, the company informed the local team on Monday, according to two sources directly familiar with the matter.   European edtech The decision follows weeks-long discussion in which the company also explored migrating India team to work with the European edtech team, sources said, requesting anonymity as …

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“Apologising To Nation…”: PM Says 3 Farm Laws To Be Cancelled

Prime Minister Narendra Modi defended the laws saying they were meant as reforms, mainly for small and marginal farmers in the country.   Three controversial farm laws at the heart of massive farmer protests across the country for over a year will be withdrawn, Prime Minister Narendra Modi said today in a stunning announcement just months before …

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India an opportunity which will dwarf many other countries’ startup ecosystems: Paytm founder Vijay Shekhar Sharma

“Indian entrepreneurs already handle uncertainty as if it is a norm, not a special condition. That is the beauty of Indian entrepreneurship. We are underestimating the impact that Indian will have on global technologies,” he said.   Paytm Paytm founder and CEO Vijay Shekhar Sharma on Thursday said that while many people may underestimate India’s …

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Edtech startup Brightchamps valued at nearly $500 million with Premji Invest-led funding

Premji Invest has led a new round of funding of $51 million, along with participation from edtech-focused investor GSV Ventures, Flipkart cofounder Binny Bansal-backed 021 Capital and Singapore-based venture fund Beenext.   EDtech Startup Edtech startup Brightchamps, which offers online courses on programming, artificial intelligence, design thinking and financial literacy to kids aged 6-16 years, …

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Digital payments startup Paytm launches India’s biggest IPO

With its $2.46bn target, Paytm, backed by Ant Group, SoftBank, Berkshire Hathaway, will be India’s biggest IPO.   Digital platorm India will see its biggest-ever initial public offering with digital payments platform Paytm looking to raise nearly $2.5bn, in what has already been a record year for share listings Paytm is backed by Chinese tycoon …

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Agri-tech startup DeHaat raises $115 million led by Sofina, Lightrock India

Full-stack agri-tech platform DeHaat has raised $115 million in its Series D round, led by Belgium-based investment firm Sofina and Lightrock India.   Singapore government Singapore government investment fund Temasek also co-invested in the round with participation from existing investors, Prosus, RTP Global, Sequoia Capital India and FMO, a senior company executive said. The Delhi-based …

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Drones to monitor minority community areas in Kashmir

CRPF along with police drones to keep minority community areas and Lal Chowk area of Srinagar under aerial surveillance ahead of Union Home Minister Amit Shah’s visit to J&K .   The Jammu and Kashmir (J&K) administration has decided to deploy drones to monitor areas in the valley where members from minority communites live. The …

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PM misleading people on COVID-19 vaccines: Congress

Accusing Prime Minister Narendra Modi of misleading the country during his address to the nation on Friday morning, the opposition Congress party asked for a white paper on how the government intends to vaccinate all adults by December 31, a deadline fixed by the government earlier.   Congress spokesperson Gourav Vallabh told reporters at a press conference …

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Cred valuation nearly doubles after $250-million funding

Fintech startup Cred has raised $251 million in a Series E round co-led by Tiger Global Management and Falcon Edge Capital at a valuation of $4.01 billion, the company said in a statement to ET. Bengaluru-based startup’s The round nearly doubles the Bengaluru-based startup’s valuation from $2.2 billion in April when it raised $215 million. …

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