Swiggy said to near $700 million fundraise in Invesco-led round

While Invesco will pour in $200 million, other existing investors such as Softbank will also participate. The deal values Swiggy, formally known as Bundl Technologies Pvt., at about $10.5 billion.

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Donald Trump’s social media venture seeks to raise $1 billion

Trump Media, which has yet to roll out the TRUTH Social app, says it already stands to receive $293 million if its deal to list in New York through a merger with SPAC Digital World is completed.

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Jack Dorsey-led Square rebrands to Block in nod to blockchain

Square says its name had become synonymous with it's seller business. The new name would distinguish the corporate entity from its businesses, a strategy similar to Facebook’s rebranding to Meta Platforms last month.

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Binny Bansal’s Flipkart stock sale; Uber’s Rs 2 crore job offer at IITs

Binny Bansal, who cofounded Flipkart along with Sachin Bansal, has scooped up a good sum by selling a part of his stake in the company. The remaining stock can result in further wealth creation at the time of Flipkart IPO.

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Uber's Rs 2 crore+ offer revives uber-packages at IIT placements

The Uber salary package offered at IITs this year amounts to about $274,250, or about Rs 2.05 crore, including around $128,250 (approx. Rs 96 lakh) base pay, target cash bonus, new hire grant and a sign-on bonus.

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ASCI in talks with Centre to refresh crypto ad guidelines

“While the crypto exchanges have paused advertising and are awaiting clarity from the government, they are all making blueprints for fresh advertising which will show claims that are toned down,” said a person familiar with the matter.

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Binny Bansal sold part stake in Flipkart in July funding round

Binny Bansal executed a secondary shale sale worth more than $200 million to Tencent Holdings in Flipkart’s latest funding round that pegged the etailer’s valuation at $37.6 billion.

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