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    Pixxel Hits A Technical Snag, Delays Earth-Imaging Satellite Launch Again

    Pixxel says it has found software glitches during the final stages of satellite testing The company claims to have postponed the launch by a few weeks, thereby giving plenty of time to test the software Before signing a deal with ISRO, Pixxel planned to launch its first satellite in mid-2020 with the help of a Russian rocket, but the launch was delayed due to the Covid-19...

    • 6 hrs ago
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    RBI Governor Shaktikanta Das Indicates More Trouble For Private Cryptocurrencies, Before Govt Launches Its Own

    RBI says it is working on developing India's own central bank digital currency RBI's governor also shared concerns about cryptocurrency from a financial perspective Recently, crypto experts and founders have formed a lobbying group to convince the government from making any moves that would hamper the growth of the industry ...

    • 6 hrs ago
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    Sequoia Capital Exits From Car & Bike Pooling Startup Quick Ride: Report

    Sequoia exited late last year with a 40-50% cut on the amount it had invested in the company Sequoia's exit from the company may have been due to falling revenues in the ride-hailing industry amid the pandemic Founded in 2014 by KNM Rao, Quick Ride offers a ride-sharing application that connects passengers to riders Venture capital firm Sequoia Capital India has...

    • 6 hrs ago
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    Innovaccer Becomes First Indian Healthtech Unicorn After Tiger Global Invests

    nnovaccer is valued at $1.3 Bn after the Series D round The company has raised a total of $225 Mn from multiple investors such as M12, Tiger Global and Mubadala Capital The healthtech startup plans to use the latest funding to launch Innovaccer Health Cloud Noida- and San Francisco-based Innovaccer has become the first Indian healthtech unicorn after raising an...

    • 6 hrs ago
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    [What The Financials] Vedantu's Losses Spike To INR 158 Cr, Spent INR 8 To Earn A Rupee

    Vedantu reported a revenue of INR 35.8 Cr in FY20 while its losses grew 6x to INR 158 Cr The company's spending on employee benefits made up half of its total expenses in FY19 and FY20 Vedantu may still be able to break the glass ceiling, riding on the back of marketing strategies and remote learning trends Infocus Bengaluru-based online tutoring giant...

    • 9 hrs ago
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    Flipkart To Add 25,000 Electric Vehicles To Logistics Fleet By 2030

    Last year, the company had announced its intentions to transition its entire fleet to EVs within the decade when it joined the non-profit, The Climate Group's global electric mobility initiative EV100 The company is piloting 450 two and three-wheeler EVs across multiple cities The company will also install EV charging stations around 1,400 of its supply chain facilities ...

    • 9 hrs ago
  • News

    Edtech Startup Kutuki Raises $2.2 Mn From Omidyar Network India, Others

    The early learning app will use the funding for product and technology enhancement and also for providing content in more Indian regional languages in the coming months Kutuki claims to have 1 Lakh+ users and has partnered with 130+ pre-schools in India Prime Minister Narendra Modi mentioned Kutuki in his Maan ki Baat in August last year for its India-focused approach to...

    • 11 hrs ago
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    State Bank Of India Ties Up With JP Morgan For Use Of Blockchain Technology

    Proponents of blockchain feel it has the potential to eliminate the need for having huge amounts of record-keeping, save money, streamline supply chains and guard against frauds SBI's use of blockchain is expected to reduce the customers' transactions costs and time taken for payments Time taken to resolve cross-border payments-related inquiries can be reduced...

    • 11 hrs ago
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    B2B Retailtech Startup Arzooo Bags $6 Mn, Aims To Hit Sales Run Rate Of $500 Mn

    It will use the fresh capital to ramp up its supply chain infrastructure with technology and operational capabilities The company plans to get about 50,000 retail stores on board to expand its network It has raised a total of $14 Mn from a slew of investors such as WRVI Capital and the UAE's Jabbar Internet Group B2B retailtech startup Arzooo has raised $6 Mn...

    • 13 hrs ago
  • News

    Will Reliance Venture Into The Electric Vehicles Market Soon?

    Reliance says it is looking to build an optimal mix of reliable, clean and affordable energy and storage using hydrogen, solar, wind, fuel cells and battery Last year, Reliance had said that it would work with BP to provide new-age mobility solutions to Indian consumers The conglomerate is looking to combine its digital, power electronics, advanced materials and electrochemistry...

    • 13 hrs ago

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