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News on Medial
UAE’s Mulk International & Ajeenkya DY Patil Group Partner To Launch Virtual Hospital Worth Dh100m
Livemint
·
8m ago
Medial
Mulk International and Ajeenkya DY Patil Group have partnered to launch a virtual hospital in the MENA and Asia-Pacific regions. They have acquired equal stakes in Mulk Med Healthcare and will invest AED 100 million in the venture. The virtual hospital aims to provide comprehensive healthcare services with the help of more than 20,000 doctors. The initiative includes a mobile app, video conferencing system, telehealth services, medicine delivery, smart ambulances, and home care. The collaboration intends to improve healthcare accessibility and redefine emergency response with innovative technology.
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SpaceX signs deal to launch key European satellites
Economic Times
·
1y ago
Medial
SpaceX, the American aerospace manufacturer, has reportedly signed a deal to launch key satellites for European companies. The agreement, worth around $92 million, will see SpaceX launch up to six satellites for a group of European companies. This collaboration marks a significant step for SpaceX in expanding its international presence in the satellite launch market.
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Chingari Parent Enters Spiritual Tech Market With AstroLive
Inc42
·
8m ago
Medial
AstroLive is a platform that allows users to connect with astrologers for live consultations and offers an online marketplace for astrology-related products and virtual poojas. Since its launch in September, AstroLive has gained over 100,000 paid users and has onboarded 1,500 astrologers. The company plans to expand into regional markets and enter the international market within the next year or so.
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Innerspace Raises € 5.7M in Funding
Finsmes
·
1y ago
Medial
Innerspace, an Austria-based tech startup, has secured €5.7 million in funding. The company specializes in risk assessment and training of cleanroom personnel for pharmaceutical companies through the use of software and Virtual Reality (VR) technology. The funding round was led by Matterwave Ventures and included participation from MAD Ventures, aws Gründungsfonds, and High-Tech Gründerfonds. Innerspace plans to use the funds to expand its international market presence and further develop its unique "Frame-by-Frame" technology. The company is an official partner of the Parenteral Drug Association (PDA) and actively contributes to quality training courses for the pharmaceutical industry.
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What investment opportunities does Gift city offer to NRIs?
Money Control
·
10m ago
Medial
The GIFT International Financial Services Centre (GIFT IFSC) in India is gaining traction as a wealth management destination for high-net-worth individuals. It offers opportunities for fund managers to raise money from international investors, while also allowing Indian funds to launch products with investments in overseas jurisdictions. Banks are permitted to open accounts for managing international investments, and several leading banks have already established branches in GIFT city. Investment opportunities are available through the alternative investment fund (AIF) route, with a minimum investment size of $150,000. The GIFT IFSC aims to create a world-class finance and IT zone for India's financial services industry.
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How is Blackstone’s bet turning out as IGI India eyes over $2 bn tag?
VCCircle
·
8m ago
Medial
Blackstone is expected to earn impressive returns as International Gemmological Institute (India) Ltd (IGI India) prepares to launch its initial public offering (IPO) worth $498 million. Blackstone, the largest private equity firm globally, will partially exit its investment in IGI India. The IPO is scheduled for December 13th and is valued at Rs 4,225 crore. The move is expected to be financially beneficial for Blackstone.
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AppsForBharat raises $18 million funding led by Fundamentum
Economic Times
·
11m ago
Medial
AppsForBharat, the parent company of devotion platform Sri Mandir, has raised $18 million in funding led by Fundamentum. The funds will be utilized to expand operations in India and internationally, add more temples to the platform, launch new services, and develop a comprehensive tech stack for the devotion ecosystem. Sri Mandir offers a virtual platform for devotees to perform pujas, connect with prayer groups, and access devotional content. They aim to increase their user base and revenue, expand language support, and strengthen their presence in India and key international markets.
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RuPay launch in Maldives, new runaway at airport to ease transaction, boost connectivity
YourStory
·
10m ago
Medial
- Inauguration of a new runway in the Maldives under an airport redevelopment project assisted by India - Launch of the RuPay card in the Maldives to boost economic ties and tourism cooperation between India and the Maldives - Joint virtual inauguration by Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu - Live transaction using a RuPay payment service card witnessed by the two leaders - India's Neighbourhood First policy and SAGAR vision underpinning the strong relationship between India and the Maldives - New runway at Hanimadhoo International Airport marks a significant milestone in the ongoing expansion project, with complete new infrastructure provided under an Indian Line of Credit of USD 132 million
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Navam Capital announces first close of maiden fund at Rs 50 crore
Economic Times
·
1y ago
Medial
Navam Capital has completed the first close of its Navam Venture Fund I, raising Rs 50 crore from family offices, corporates, and ultra-high net worth individuals. The fund, which aims for a total size of Rs 250 crore, will invest in ventures that leverage intellectual property to develop innovative products and services. Navam Capital focuses on early-stage investments in frontier technology and science-driven innovation, offering support to ventures in these fields. The firm's successful fund launch reflects confidence in India's scientific and technological capabilities and highlights Navam's reputation as an early partner for frontier technology innovation.
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Yulu raises $19.25 mn from Magna and Bajaj Auto, eyes expansion & new product launch
Economic Times
·
1y ago
Medial
Yulu Bikes, a shared mobility services provider, has raised $19.25 million in funding from existing investors Magna and Bajaj Auto. The funds will be used to launch a new product, expand the company's reach, and develop technology. Yulu has experienced a significant increase in demand, particularly in Gurugram and Mumbai. The company plans to introduce a new electric scooter for e-commerce deliveries and expand operations to five more metros by 2024. Yulu aims to deploy about 100,000 electric two-wheelers this year and is also exploring opportunities for international exports with its partner Bajaj Auto.
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Eternz raises $1.15 Mn in pre-seed funding led by Kae Capital
Entrackr
·
1y ago
Medial
Eternz, a curated vertical marketplace for jewellery, has raised $1.15 Mn in its pre-seed round led by Kae Capital, with participation from Gemba Capital, IIMA Ventures, TDV Partners and Venture Lab. The proceeds will be used to target customers across urban India and partner with international brands to establish their presence, the company said in a press release. While the focus is online, it plans to launch an offline experience centre so that the consumer gets to touch and feel the jewellery. Founded by Arthi Ramalingam, Eternz curates designs from high-quality national and international brands and provides a unique jewellery buying experience online through innovative technology. Eternz is helping brands solve their key challenge of acquiring customers while providing a dedicated, trustworthy platform. The startup specializes in catering to a wide array of metals, including fashion/costume, silver, gold and diamond jewellery. It will continue to collaborate with brands and designers, enabling discovery and growth in this evolving market. Kae manages approximately $250 million in capital, having invested in 85 startups with a portfolio enterprise valuation of $9.88 billion. Its portfolio has a mix of B2B and B2C startups. Some of the investments are Nazara Technologies, Porter, Healthkart, Zetwerk, Tata 1mg, Traya and Square Yards.
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