The Chennai-based firm plans to use this investment to build out the initial team, develop innovative technologies, and accelerate expansion in existing and new geographies over the next 12-18 months. Lok Capital, founded in 2004, has managed four funds so far, with around 40 investments and 30 exits. Read more:
Other popular altcoins, such as Solana and Polygon, plunged 2.6% and 2.8%, respectively. Also, BNB, XRP, Cardano, Tron, and Litecoin fell 1-2%. With steady resistance to cross the $38k mark, BTC held steady above $37k over the weekend. Investors feel that BTC’s price action is beginning to show downside correction.
NPCI introduced UPI payments without internet using NPCI’s short code, *99#. This mobile banking platform allows users to perform transactions without internet, benefiting feature phone users and those with limited access. To set up offline UPI payments, dial *99# and select language, enter IFSC code, link bank account, and provide debit card details. To make …
How to make UPI payments without using the internet Read More »
Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organisations by Israel, the United States and other countries
To begin with, the Walmart-backed company will work as a distributor for personal loans as it slowly builds up credit underwriting heft, they added. It is in the final stages of integrations with five lenders, a mix of banks and nonbanking finance companies. PhonePe recently reported a registered user base of 500 million customers and …
PhonePe is set to launch consumer lending by January 2024 Read More »
The present investment seeks to strengthen the financial health of Policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.
The shares were disposed of at an average price of Rs 877 apiece, taking the transaction value to Rs 1,371 crore.
Last week, Grover had posted on social media platform X (formerly Twitter) about the equity allocation and secondary components undertaken during the company’s Series E funding round which was led by Tiger Global and saw participation from Dragoneer Investor group among others.
“As prices rise, investors on the sidelines think they need to get in,” said Campbell Harvey, a finance professor at Duke University. “Many will violate the number-one rule of investment: Understand what you are investing in. Many will also violate the number-two rule by putting their money in an undiversified bet on a single token.”
Leading IT service provider, Mindfire Solutions, specializing in offshore-based software development and QA services affirmed its ambitious target of doubling its growth in the next five years.
