The Tech4Billion Media Pvt Ltd-owned app had raised over $1.4 million from its blue-chip backers in India and globally by December 2020, including investment groups like Angel list, iSeed, Village Global, Blume Founders Fund, Jasminder Singh Gulati and others. It recently also closed a fresh round of funding of $13 million led by OnMobile, a mobile entertainment company.
With a mission of making financial opportunity open to all, TrustToken launched our first product, TrueUSD (TUSD), in 2018. it was the first ever independently-audited, fully collateralized stablecoin at the time. Four more asset-backed stablecoins followed: TGBP, TAUD, TCAD, THKD. Over time, TrueCurrencies have added live attestations by Armanino LLP and on-chain Proof of Reserve by Chainlink, now becoming the most transparent stablecoins in the market. Our stablecoins now move billions of dollars across more than 110 countries each month, and are supported by over 100 trading partners like Binance, Huobi, and OKEx.
It was late March 2020, and WHO had just declared COVID-19 a global pandemic. India needed ventilators — reliable and affordable. In the midst of the lockdown, a group of 20 people came together over Zoom and WhatsApp — young techies and seasoned medical professionals, entrepreneurs and academics — and pulled off the unimaginable: in just 90 days, the Nocca Robotics team (a start-up incubated at IIT Kanpur) created a world-class, cost-effective, life-saving ventilator, complete with clinical validation.
New Delhi, Mar 31 (PTI) OnMobile Global Ltd on Wednesday said it has led a USD 13 million (Rs 98.7 crore) funding round in homegrown short video platform Chingari. Other investors who participated in this round include Republic Labs US, Astarc Ventures, White Star Capital, India TV (Rajat Sharma), JPIN Venture Catalysts Ltd, ProfitBoard Ventures, and some large family office funds from the UK, Onmobile said in a regulatory filing.
Filecoin, a decentralized network allowing users to store, request, and transfer data via a verifiable marketplace, today announced integration with Chainlink, the popular decentralized oracle solution. The integration will enable a bidirectional connection between the Filecoin Network and smart contract enabled blockchains such as Ethereum. Smart contract developers will now have a full Web 3.0 infrastructure stack including blockchains for on-chain logic and state changes, Chainlink oracles for off-chain communication and computation, and Filecoin for decentralized storage and data solutions.
Fintech has been the most lucrative market segment since the last 5 years and is continuing that trail till the coming five years. The statement holds its significance as the market currently gets its huge amount of funding for this sector only. The Bengaluru based Fintech start up announced that it has received a raise of $ 4.1 million. The round was led effectively by Quona Capital. The insights regarding the process are given in the article.
‘The Ventilator Project’ is the saga of one such startup, which successfully took up the challenge and produced Noccarc V310, an indigenous, low-cost ventilator. The book chronicles the events spanning the 90 days during which the IIT-Kanpur Ventilator Consortium task force — spearheaded by the two authors, Amitabha Bandopadhyay and Srikant Sastri — mentored Nocca Robotics, an IIT-K incubated startup, to design, manufacture, test and deliver the Noccarc V310.
Launched in 2020, Rupifi offers MSMEs access to multiple lenders in a standardised way on digital business-to-business platforms and marketplaces, on similar lines to the Open Credit Enablement Network built by iSpirt. “Indian SMEs have been struggling with getting access to capital for a long time,” Anubhav Jain, cofounder and CEO of Rupifi, told ET in an interview. “We are targeting one million MSMEs in the next five years.”
Hoping that the country would soon become a manufacturing hub of space assets, Prime Minister Narendra Modi said in December last year that the decision to unlock India’s potential in the space sector has heralded a new age of public-private partnership. Inspired by these words, the spacetech startups in India have kicked off the journey to take a big leap in the near future.