Fintechs attract record $2 billion in H1: Report

Most of the money has flown into the digital banking space and the second biggest was insurtech.

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Grip Invest raises Rs 21 crore from Venture Highway, others

Fintech startup Grip Invest, which has now raised a total of $3.6 million, will use the fresh capital to expand the range of investment products offered, launch new user features and strengthen its team.

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Furlenco rejigs model, starts House of Kieraya as umbrella brand

House of Keiraya will include Furlenco as a sub-brand, furniture subscription service Unlmtd and remanufactured furniture offering Furbicle. The company plans to launch a third brand under HoK in September.

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Lenskart plans to hire over 2,000 people across functions by 2022

Around 1,500 people will be hired to manage Lenskart stores, while more than 100 engineers will be brought on board for its technology teams in Bengaluru, Delhi NCR and Hyderabad.

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Pickrr gets $12-million funding from IIFL, Amicus Capital and others

Founded in 2015 by Ankit Kaushik, Rhitiman Majumder and Gaurav Mangla, Pickrr provides logistics and warehousing solutions to small and medium-sized businesses.

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IT Ministry empanels Oracle as cloud infrastructure solutions provider

State governments and their departments, and public sector undertakings (PSUs) in India can now move their workloads to Oracle Cloud. The American technology firm has public cloud data centres in Mumbai and Hyderabad.

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How Sweden became the Silicon Valley of Europe

Stockholm has become a rich soil for startups, birthing and incubating the likes of Spotify, Skype and Klarna, even though Sweden has some of the highest tax rates in the world.

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