OfBusiness valuation nearly doubles to $3 billion after Tiger Global-led funding

OfBusiness cofounder and chief executive Asish Mohapatra told ET that both SoftBank and Falcon Edge-managed Alpha Wave have participated in the fundraising.

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Shiprocket, Huddle plan up to $1 million investment in startups under accelerator programme

The programme offers instant access to revenue-based financing starting at $30,000 per startup, infrastructure across back-end and front-end support for startups and credits up to $500,000.

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10club buys Skudgear, its second acquisition in less than a fortnight

Skudgear is 10club's second acquisition after My NewBorn, a brand selling baby products on Amazon India. The Thrasio-style venture recently closed one of the biggest seed funding rounds in India's startup history.

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Facebook could face hefty fine in Russia over banned content, report says

State communications regulator Roskomnadzor said Facebook's repeated violations could see it fined 5% or 10% of its annual Russian turnover. Moscow has increased pressure on foreign tech companies over the last year as part of a long-running push to assert greater sovereignty over its segment of the internet.

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Foes united vs Facebook over Instagram's effect on teens

Mounting public pressure over the revelations have prompted Facebook to put on hold its work on a kids' version of Instagram, which the company says is meant mainly for tweens aged 10 to 12

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BP leads $25 million funding round in EV ride-hailing startup BluSmart

BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years.

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Indian spacetech startups join hands to build indigenous technologies

The consortium is called ‘Indian Space Technologies and Applications Design Bureau’ (I-STAC.DB) and will develop next-generation applications including rapid launch capability, satellite design and assembly, sensors, future generation communication such as 6G.

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