Coinbase Co-Founder’s New VC Firm Paradigm Raises $2.5 Billion for Crypto Investments

Coinbase co-founder Fred Ehrsam and ex-Sequoia Capital Partner Matt Huang have raised $2.5 billion (roughly Rs. 18,598 crore) for a venture capital fund aimed at the “next generation of crypto companies and protocols” called Paradigm One, making it the biggest crypto VC fund. Paradigm One was launched in 2018 with an initial $400 million (roughly Rs. 2,976 crore), and the eventual amount raised is double the initial investment goal for the VC fund. The size of Paradigm’s fund highlights the anticipation of a major boom in the crypto industry among…

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Private health firm loses NHS treatment centre contract

 The treatment centre contract has been awarded to Nottingham University Hospitals NHS trust. Photograph: Will Oliver/EPA A private health firm has lost one of the biggest and longest-running contracts to treat NHS patients, in a significant blow to the creeping privatisation of care. Circle is losing the contract it has held for 11 years to run the Nottingham NHS Treatment Centre, which provides 240,000 operations and checkups a year. Nottingham University Hospitals NHS trust (NUH) has been handed a £320m contract to run the centre for the next five years after a bitter legal…

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US firm Vanguard Group made Rs 1,294 crore investment in 10 stocks, in single day; do you own any?

The Vanguard Group Inc, the US-based investment management company, invested nearly Rs 1,300 crore in a single day on March 15 when the Nifty50 closed at fresh six-month high. The investment firm through its Vanguard Emerging Markets Stock Index bought equity stake in 10 Indian companies through open market transactions. As per the bulk deal data published on National Stock Exchange, 10 stocks where the firm purchased equity shares are Aarti Industries, Bata India, Castrol India, DCB Bank, NIIT Technologies, RBL Bank, TeamLease Services, TTK Prestige and V-Guard Industries. Vanguard Emerging Markets Stock Index bought shares worth Rs 1,294 crore,…

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Fake investment firm cons youth of Rs 3.35 lakh with big returns vow

Representative Image LUCKNOW: An aspirant for Provincial Civil Services-Judiciary (PCS-J) has been duped of Rs 3.35 lakh in the name of an investment scheme. The victim, Sachin Tiwari, a resident of Manaknagar, lodged an FIR on Saturday. Sachin told the police that he read an advertisement of a lucrative investment scheme on a dating website in December last year. “I provided my details and phone number on the website. On December 1, I received a call from Komal who claimed being an employee of ‘Real dating Group’ and explained me various investment plans,” Sachin…

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Ola Invests $100 Million In Scooter Sharing Firm Vogo To Supply 100,000 Scooters

  Bhavish Aggarwal, Co-founder & CEO with Anand Ayyadurai, Founder & CEO, Vogo App-based ride-hailing platform Ola has announced that the company will be investing $100 million (around ₹ 710 crore) in Vogo – India’s fast-growing scooter sharing network. The investment will go into the supply of 100,000 scooters by Vogo that will be used for short commutes. The collaboration will help Vogo gain a strategic supply advantage without having to incur signfiicant capital expenditure, while Ola’s 150 million customer base will be able to use Vogo’s services directly from…

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WestBridge leads Series B investment in healthcare data firm Innovaccer

Innovaccer Inc., a Silicon Valley-based healthcare data platform, has raised $25 million (Rs 168 crore) in a Series B round of funding led by Westbridge Capital, a company statement said. US-based venture capital firm Lightspeed Ventures also participated in the round, the statement added. With this investment, the total capital raised by Innovaccer stands at $41 million. Innovaccer will use the funds to continue building its data platform by leveraging its machine learning capabilities and to create a set of new patient engagement applications and platform capabilities for partners to…

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