The Economic Time
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Mohit Gupta, Mukesh Bansal’s omnichannel fashion startup Lyskraft raises $26 million in seed funding
Former Zomato executive Gupta will steer the venture as CEO, Bansal to stay away from operations. The fashion startup will focus on offline play in...
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FirstCry to refile IPO papers post Sebi order
FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India's markets regulator raised questions over...
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RBI orders Talkcharge Technologies to stop issuing prepaid wallets
The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to...
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EU lawmakers back law to boost domestic clean tech production
The act is a centrepiece of the EU's push to ensure it is not only a global leader in cutting greenhouse gas emissions, but also in manufacturing...
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Cred launches offline QR code-based ‘scan and pay’ payments
Peak XV-backed startup Cred has been pushing its UPI payments feature aggressively. The fintech wants its customers to use the app to scan QR codes...
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FlashAid raises $2.5 million in funding round led by Piper Serica Angel Fund, SOSV
Founded by Manoj Gupta and Gunjali Kothari, Flashaid is working on exclusive tie-ups with insurance companies to tailor-make products and partner...
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Prosus elevates Ashutosh Sharma to lead India, Southeast Asia market
Ashutosh Sharma appointed by Prosus to lead investments in India and Southeast Asia. He will report to interim CEO Ervin Tu and focus on new...
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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
IBM's $6.4B acquisition of HashiCorp bolsters its AI presence through cloud expansion, despite Q1 revenue missing estimates. The deal, funded by...
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Microsoft and Amazon's AI partnerships draw UK watchdog scrutiny
CMA investigates Microsoft-Mistral AI, Amazon-Anthropic partnerships, Open AI collaboration. U.S. FTC orders data from generative AI firms, cloud...
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Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake
Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.