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Dream11 enters unicorn club with investment from Steadview Capital

New Delhi: Dream11, online gaming firm, on Tuesday announced the completion of a secondary investment by Steadview Capital, an Asia-focused alternative asset manager. The investment takes Dream11’s valuation at over $1 billion making it first Indian gaming company to enter the Unicornclub. “We are excited to welcome Steadview Capital on board. Our exponential growth over the past few years would not have been possible without the support and trust of our investors and Dreamsters (employees). Providing great returns to our shareholders, whether investors or Dreamsters, is very important to us and further…

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Go-Jek In Talks To Close Investment Deals With Rebel, MPL

Indonesia-based ride-hailing company, GoJek, is in advanced talks to close two investment deals with Mumbai-based cloud kitchen player Rebel Foods which runs Faasos and Bengaluru-based esports startup Mobile Premier League. Citing unnamed sources, an ET report said that GoJek is in talks to set up a joint venture with Rebel, where both the players will together invest $8 Mn – $10 Mn initially. With this, the company is aimed at taking Rebel’s cloud kitchen expertise into the Southeast Asian market. The report added that one of the senior executives from Rebel Foods…

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Doctor App Babylon Health Offers Quick Appointments, But Grapples With Follow-Up Care For Mental Health

Babylon Health founder and CEO, Ali ParsaPHOTO BY LEVON BLISS FOR FORBES On a winter day in February 2018, a British woman with a history of depression had one of her first ever video chats with a doctor. At first the call was a revelation. She couldn’t afford private healthcare and was used to waiting weeks to see a doctor through Britain’s free National Health Service (NHS). Now she could see an NHS doctor within hours. Since November 2017 the NHS has paid Babylon Health to replace local doctor visits for…

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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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Bosch Makes First Venture Investment In India With Deeptech Startup SimYog

Robert Bosch Engineering and Business Solutions, has announced its first venture investment in India in Bengaluru-based deeptech startup SimYog Technologies. Incubated at the Indian Institute of Science, SimYog has raised $885.7K (INR 6.3 Cr) in a funding round with participation from early-stage venture capital firm Ideaspring Capital. The startup plans to use the fresh funds to expand its product offering. The company will also expand its team to 12 people—from five now—over the next year, as it adds customers and products. Founded in 2017 by Dipanjan Gope, Anant Devi and…

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Amitav Ghosh honoured with Jnanpith Award 2018

oted English writer Amitav Ghosh has been honoured with this year’s Jnanpith Award, a literary award given to an author for “outstanding contribution towards literature”, Bharatiya Jnanpith announced Friday. “Amitav Ghosh is a path- breaking novelist. In his novels, Ghosh treads through historical settings to the modern era and weaves a space where the past connects with the present in relevant ways. His fiction is endowed with extraordinary depth and substance through his academic training as a historian and a social anthropologist,” a statement from Bharatiya Jnanpith read. The decision…

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