New Delhi-based direct-to-consumer (D2C) brand Power Gummies today announced it has raised $6 million or Rs 44 crore in a Series A funding round led by 9Unicorns, Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family office), and NB Ventures. Power Gummies had first raised seed funding from venture capital company Alfa Ventures in 2019. In 2020, the startup had closed two funding rounds: the first was a seed round headed by Venture Catalysts and DSG Consumer Partners, while the second was a bridge round led by Agility Venture Partners, with DSG Consumer Partners…
Read MoreDay: January 10, 2022
Centre to organise first-ever Startup India Innovation Week from Jan 10
The Department for Promotion of Industry and Internal Trade (DPIIT) will host the inaugural Startup India Innovation Week from January 10 to 16. Anurag Jain, DPIIT Secretary, told the media via virtual press conference that Prime Minister Narendra Modi is expected to interact with startups and address Startup India Innovation Week on January 15 at 10.30 a.m. via video conferencing. This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence, dubbed ‘Azadi Ka Amrit Mahotsav,’ and is intended to highlight the breadth and depth of entrepreneurship…
Read MoreStartups can play important role to socialise, democratise availability of healthcare: Piyush Goyal
Commerce and Industry Minister Piyush Goyal said on Monday that startups can play a critical role in socialising and democratising the availability of healthcare around the world at a time when the world is grappling with the coronavirus pandemic,. Entrepreneurs should also focus on strengthening the Make in India programme, innovating in India, and mentoring young startups, according to him. “As the world is facing successive waves of this pandemic, our entrepreneurs must start thinking of making our startups more resilient… I think our startups can play a very important…
Read MoreFintech startup Pine Labs to seek $500 million in US IPO
Pine Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving forward with preparations for a US listing and hopes to raise $500 million, as per sources familiar with the matter. According to the people, the company has filed confidentially with the US Securities and Exchange Commission for an initial public offering in New York as early as the first half of this year. The listing could result in a valuation of $5.5 billion to $7 billion for Pine Labs, they said, declining to…
Read MoreThe Swiss army has banned the use of WhatsApp, Signal, Telegram, and other foreign messaging apps
The Swiss army has decided to prohibit the use of popular messaging apps such as WhatsApp, Signal, and Telegram. Due to data protection concerns, the new rules, which went into effect in December, require all employees to switch to a locally developed alternative. In December, Swiss army commanders and chiefs of staff were advised via email from headquarters to ensure that their troops switched to the Swiss messaging app ‘Threema.’ The rationale was given as information security. The instruction explicitly prohibits the use of other apps: “all other services are…
Read MoreKoo to get a Whatsapp like groups : says Aprameya Radhakrishna
Indian microblogging platform Koo plans to introduce ‘WhatsApp Group like experiences’ on the platform for users with common interests this year, in addition to introducing live videos and other new product features According to CEO Aprameya Radhakrishna. The social media company is also looking for people from various backgrounds, such as former bureaucrats, journalists, and other personalities, to form an advisory board to “handle” a few situations involving hate speech or free speech that may arise each year, he said. “2021 was a very exciting year for us right from…
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