Prodigy Finance, a worldwide chief in greater schooling financing, just lately introduced the launch of recent spherical of funding value as much as $310 million. This marks their second partnership with the U.S. Worldwide Improvement Finance Company (‘DFC’). This current partnership builds on Prodigy Finance’s ongoing relationship with the DFC and reinforces the corporate’s mission to help worldwide college students in accessing top-tier schooling. The spherical units a minimal financing threshold of 30% for girls and 50% for these from low—and lower-middle-income nations, aligning carefully with Prodigy Finance’s mission to allow equal entry to transformative schooling worldwide. Distinctive lending mannequin…
Author: DF Manager
Nexstem, a Bengaluru-based deeptech startup creating cutting-edge non-invasive Mind Pc Interface (BCI) options, just lately raised $3.5 million in a contemporary funding spherical. The funding was led by outstanding traders, akin to InfoEdge, Zupee, Smile Group and Nikhil Kamath & Abhijeet Pai’s Gruhas. The startup plans to make use of the raised capital to scale its newest product ecosystem and develop its IP portfolio, resulting in disruption within the neurotech sector. What does Nexstem do? Based in 2020 by Siddhant Dangi and Deepansh, Nexstem’s breakthrough product suite for BCI – Intuition leverages a singular AI-powered onboard compute module that helps…
30 Sundays, an AI-first journey agent, lately raised $770,000 in a pre-seed funding spherical led by InfoEdge Ventures. The spherical additionally noticed participation from different early-stage buyers equivalent to First Cheque, Eximius, and Misfits Capital, together with a number of angel buyers. Boosting effectivity with AI Based in 2022, 30 Sundays focuses on scaling a historically people-heavy enterprise with generative AI and know-how. The startup goals to supply the best stage of buyer expertise by permitting its group to focus on clients whereas AI manages a lot of their mundane, repetitive duties. “Lots of mundane, repetitive duties equivalent to data gathering…
Serial entrepreneur Ronnie Screwvala, whose many profitable ventures have develop into a part of India Inc’s folklore, stated the profitable itemizing of a venture by his non-governmental organisation, Swades Basis, on the Social Inventory Trade (SSE) has given him “a unique excessive”.It’s because Screwvala, who can also be the Co-founder of edtech upGrad, feels there “must be rather more worth creation [from the Swades listing] than simply getting a pop on a inventory value.”Swades, which started life 15 years in the past as SHARE (Society to Heal Help Restore Educate), raised Rs 10 crore from the SSE, making it the…
UpGrad co-founder Ronnie Screwvala, in an unique interview with YourStory, pointed to the current Union Price range as a transparent sign of the huge alternatives forward for India’s edtech sector.“If you happen to have a look at it, the Union Price range, for instance, is screaming throughout the rooftops about this sector as a result of they’re saying skilling is crucial, internship is crucial,” Screwvala, whose Swades Basis efficiently listed a venture on the NSE’s Social Inventory Change, instructed YourStory’s Founder and CEO Shradha Sharma.Screwvala stated the bold targets of the Union Price range can’t be met with out on-line…
Titan Capital, based by Snapdeal’s Kunal Bahl and Rohit Bansal, has historically invested in startups on the seed or Collection A phases. Now, with its newest fund, the enterprise capital (VC) agency desires to solely make investments in follow-on rounds of a few of the top-performing firms from its portfolio of 280 startups. Furthermore, for Titan Capital, the extra capital will function a mark of confidence in its portfolio.On Monday, the early-stage funding fund, which has invested in firms like Bhavish Aggarwal’s Ola Shopper (again when it was Ola Cabs) and Mamaearth, made the ultimate shut of its new fund at…
SUMMARY The Funds 2024 has made stoop sale transactions a pretty possibility for corporations, with the tax fee on long-term capital positive aspects diminished to 12.5% from the preliminary 20% Recognising the challenges it posed to the startup ecosystem, the central authorities abolished the angel tax within the 2024-25 Funds Below the Finance Act of 2024, the tax burden for buyback has shifted from corporations to buyers, which will likely be relevant from October 1 For these engaged within the startup ecosystem, understanding and having data of efficient tax methods is important to reaching long-term success. The Earnings Tax Act,…
SUMMARY AI-related job postings on LinkedIn have elevated 21-fold since November 2022, and AI startup funding surged from $22 Bn in 2022 to $36 Bn in 2023 The GenAI panorama is dominated by hyperscalers like Azure, Google Cloud, and AWS, every with its personal set of challenges and maturity ranges In line with AWS, solely 6% of GenAI options are in manufacturing and McKinsey notes that solely 21% of these options are built-in throughout use circumstances The fast evolution of Generative AI (GenAI) is reworking enterprise operations and innovation. What began as a distinct segment expertise has now turn into…
Black Friday is a extremely anticipated occasion for each brick-and-mortar and on-line shops. It presents an incredible alternative for companies to draw new clients and increase gross sales. One of the efficient methods to capitalize on this purchasing frenzy is by creating compelling Black Friday touchdown pages. On this article, we will discuss 13 profitable methods for designing high-converting Black Friday touchdown pages that can enable you to stand out from the competitors.Importance of Black Friday Landing PageStrategies for Creating High-Converting Black Friday Landing Pages Significance of Black Friday Touchdown Web page Examples of Black Friday Touchdown PagesEarlier than…
SUMMARY Paytm dad or mum One97 Communications Restricted has allotted 4,05,190 fairness shares to eligible workers below its worker inventory possession plan With the recent allotment, the issued and paid-up fairness share capital of Paytm has elevated to INR 63,71,37,829 Cr from INR 63,67,32,639 Cr earlier The corporate beforehand expanded its ESOP pool by granting an extra 4.81 Lakh inventory choices to workers, in October Paytm dad or mum One97 Communications Restricted has allotted 4,05,190 fairness shares to eligible workers below its worker inventory possession plan (ESOP). In an change submitting, the corporate mentioned that its board handed a decision…