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Viewpoint | Play your investment with cricket lessons

May 2019 was an action packed month for India as two of India’s three biggest obsessions (Politics, Cricket and Bollywood) kept everyone hooked to their television sets and smart phones for latest updates and live action. While the election campaign and results kept everyone interested during the first half of the month, the Cricket World Cup which commenced exactly a week after the Lok Sabha Election Results did grab a lot of eyeballs over this month. ICC Cricket World Cup—Cricket’s quadrennial 50-over event—is the most coveted prize in the world…

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[Funding Alert] Facebook debuts startup investment in India with Bengaluru-based Meesho

Meesho, a Bengaluru-based social commerce platform that helps resellers and emerging brands build businesses using social media, has bagged funding of undisclosed amount from social network giant Facebook. This is Facebook’s first investment in an India-based startup, and is a strong demonstration of the company’s commitment to the country’s vibrant internet ecosystem, the Silicon Valley company said in a statement. Founded by IIT Delhi alumni Vidit Aatrey and Sanjeev Barnwal in 2015, Meesho has created an alternate distribution channel by empowering housewives, young mothers, aspiring entrepreneurs, students, and teachers, to launch, build and promote their online businesses…

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SoftBank arm may venture into India with Loginext investment

SoftBank Ventures Asia, an early-stage funding arm of Japan’s internet and telecommunication giant SoftBank, might enter the Indian market with an investment in logistics management software provider Loginext Solutions Pvt Ltd. According to various sources, SoftBank Ventures Asia has been in talks with Loginext since April. Interestingly, Loginext is backed by Vijay Shekhar Sharma’s Paytm, in which SoftBank has a major investment. Founded in 2000, SoftBank Ventures Asia is based in Korea and it scouts for start-ups with a strong potential in Asia, the US, Israel, and the EU, focussing…

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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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