DealShare, a startup in India that has built an e-commerce platform for middle and lower income groups of consumers, said on Tuesday it has raised $21 million in a new financing round as it looks to expand its footprint in the world’s second largest internet market.
Strengthening its offerings for the MSME segment, Axis Bank has launched an exclusive business credit card in partnership with Rupifi, an embedded lending fintech company that provides financial solutions to MSMEs.
With the launch of a new blockchain – Stacks 2.0 – earlier next year, Blockstack PBC’s cryptocurrency Stacks token (STX) could be available to investors in the U.S. once it is no longer considered a security under U.S. Securities and Exchange Commission (SEC) regulations, according to public documents.
TrustToken, known as makers of the world’s most transparent stablecoins including TUSD, launches TrueFi, the decentralized protocol for uncollateralized lending, hitting $35 million in total value locked within 24 hours of going live. The TrueFi protocol introduces a new approach to on-chain lending, letting TRU holders vote on incoming borrowers and uncollateralized loan requests; creating new ways for TrueCurrency users to generate stable, high returns in DeFi; and empowering approved borrowers with fast, fixed-term, fixed-rate loans no collateral requirements.
This week on Startup Street, a look at India’s first public-private collaboration in space activities. India’s largest telecom operator backs a gaming startup. And Asia’s oldest exchange gets a new member on its startup platform. Here’s what went on…
Agnikul Cosmos Private limited, a Chennai based startup, which is building the country’s first private small satellite launch vehicle has inked a non-disclosure agreement with the Department of Space (DoS). By signing this agreement Agnikul will get access to Indian Space Research Organisation (ISRO) facilities and obtain information pertaining to launch from India. This was signed in the context of the newly proposed IN-SPACe entity.
In a bid to promote the private sector, the Department of Space (DoS) and Chennai-based startup Agnikul Cosmos Private limited signed a non-disclosure agreement that will allow it to access the Indian Space Research Organisation (ISRO) facilities and technical expertise to build its rocket.
Blockstack PBC, a global blockchain technology company co-founded by a Pakistani computer-scientist-cum-entrepreneur Dr Muneeb Ali, has been successful in bootstrapping a thriving ecosystem around the Stacks blockchain. The mission of the project is to enable users to take back ownership of their digital lives, which are currently controlled by a handful of technology companies that have repeatedly broken the trust of their users. The growing Stacks community, along with a rising tide in the mainstream, believes the internet is fundamentally broken and has a promising solution in the Stacks blockchain.