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Nazara Technologies Acquires 15.86% Stake in E-Sports Startup Stan for $2.2 Million
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Education

Nazara Technologies Acquires 15.86% Stake in E-Sports Startup Stan for $2.2 Million

New Delhi, India - Gaming and sports media company Nazara Technologies has acquired a 15.86% stake in Stan, a blockchain-based e-sport fan engagement startup, for an aggregate cash consideration of up to $2.2 million. This acquisition strengthens Nazara's position in the gaming and e-sports landscape, as per a stock exchange filing. About Stan Founded in 2022 by Chadha, Rahul Singh, Nauman Mulla, and Shubham Gupta, Stan provides a web3-based platform for creators to build, monetize communities and allow users to engage with their favorite gaming creators or celebrities through digital collectibles, chat or audio rooms, and exclusive celebrity communities. Recent Funding Rounds Stan has received significant funding in recent months, including a $2.7 million round in January this...
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Flipkart Minutes, a Quick Commerce Service, Launches in Gurugram and NCR Region
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Business

Flipkart Minutes, a Quick Commerce Service, Launches in Gurugram and NCR Region

Mumbai: Flipkart, one of India's largest e-commerce players, has rolled out its quick commerce service, Flipkart Minutes, in Gurugram and other parts of the National Capital Region (NCR). The service, which was first reported in March, is currently available in nearby Unitech Cyber Park, Sector 39, 40, The Millenium City Centre (Sector 29) and Golf Course Road (Sector 54) in Gurugram. According to sources, Flipkart Minutes is also available in some parts of Mumbai, competing with quick commerce players like Blinkit, Swiggy Instamart, and Zepto. The service allows users to order groceries, electronics, smartphones, and other products with delivery times ranging from 8 to 16 minutes. The launch of Flipkart Minutes marks a significant step in the company's expansion plans, following the...
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Ather Energy Files Prospectus for Rs 3,100 Cr IPO, Becomes Second EV Maker to Go Public
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Finance

Ather Energy Files Prospectus for Rs 3,100 Cr IPO, Becomes Second EV Maker to Go Public

Ather Energy, a prominent electric two-wheeler firm, has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) on Monday. This development makes Ather the second two-wheeler EV maker to make its debut on the stock exchange, following Ola Electric's listing last month. Key Highlights of the IPO Ather Energy aims to raise funds through a fresh issue of equity shares aggregating up to Rs 3,100 crore (approximately $370 million) and an offer for sale (OFS) of up to 2.2 crore equity shares. GIC Ventures through its subsidiary Caladium Investment will divest 47.8% of the total offer for sale (OFS), while Tiger Global and 3 States Ventures will offload 18.1% and 2.18% of the offer for sale. Tarun Mehta an...
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Swiggy Aims to Raise $602 Million in Fresh Issue Amid Strong Financial Growth
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Finance

Swiggy Aims to Raise $602 Million in Fresh Issue Amid Strong Financial Growth

Swiggy, India's leading food delivery and quick commerce firm, is set to embark on a significant fundraising effort with a fresh issue of up to Rs 5,000 crore ($602 million) as part of its initial public offering (IPO). This decision comes on the heels of the company's strong financial growth, with revenue increasing by 36% year-on-year to Rs 11,247 crore in FY24, and a reduction in losses by 44% to Rs 2,350 crore in the same period. The IPO, which has been anticipated since April, is expected to be one of the largest this year, against the backdrop of several other notable startups from Delhi NCR and Bengaluru that have already made their stock exchange debuts. Bengaluru-based companies like Digit Insurance and Ola Electric have already listed this year. Swiggy's strong financial pe...
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AppsForBharat Secures $18 Million in Series B Funding to Expand Devotional App Sri Mandir
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Business

AppsForBharat Secures $18 Million in Series B Funding to Expand Devotional App Sri Mandir

Bengaluru-based digital devotional platform Sri Mandir, a part of AppsForBharat, has secured $18 million in its Series B funding round led by Nandan Nilekani's Fundamentum. The round also saw participation from Susquehanna Asia VC, as well as existing investors Elevation Capital, Peak XV, and Mirae Asset VC. The funds will be used to expand the Sri Mandir app, build a technology stack for temples, add five new regional languages, and scale operations in India and global markets such as the US, UK, and Canada. With this latest round, AppsForBharat has raised nearly $32 million, including $10 million in Series A funding in September 2021 and $4 million in a Seed round in August 2021. According to data from the company's regulatory filings, Fundamentum invested Rs 73.5 crore ($8.8 milli...
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Overcoming Challenges in International Construction
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Business

Overcoming Challenges in International Construction

The realm of international construction is a testament to the wonders of modern engineering, yet it is fraught with its own unique set of challenges. The sheer complexity and vast scale of these projects demand not only rigorous planning but also flawless execution. Companies engaged in this sector must adeptly manoeuvre through a maze of regulatory, cultural, and logistical obstacles. A recent study highlighted that nearly 70% of such projects encounter significant delays due to unexpected hurdles, emphasising the critical need for a deep understanding and proactive management of these issues to achieve successful project outcomes. Given their global scope, these ventures require companies to be versatile enough to handle diverse issues stemming from operations across different nationa...
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Things You Should Know About Working Capital Management
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Finance

Things You Should Know About Working Capital Management

For businesses in India facing cash flow challenges, understanding and managing working capital is crucial. This post will explore what working capital is, highlight the significance of securing working capital loans, and provide effective strategies for managing your working capital. Gain insights into how to maintain financial stability and support business growth through informed working capital management. What is Working Capital? In business, working capital represents the difference between a company's assets and liabilities, highlighting resources available for daily operations. Working capital loans for businesses act as a crucial bridge to maintain financial stability. Positive working capital indicates that a company can meet its short-term commitments whereas negative w...
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Tidal Pool: An Architectural Jewel by Álvaro Siza Vieira
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Travel

Tidal Pool: An Architectural Jewel by Álvaro Siza Vieira

Siza Vieira - Pritzker (1992)Piscina das Marés: From a Simple Pool to a National MonumentA Vision TransformedA Historical GemThe Architect: Álvaro Siza VieiraA Legacy of Design Excellence Siza Vieira - Pritzker (1992) Some of the particularity of this pool lies in the name of its author, the architect Siza Vieira, the most renowned and awarded Portuguese architect today, but it is also worth mentioning that it is one of the best examples of what is known as organic architecture in Portugal. According to this line of architecture, as well as seeking to satisfy people's interests, the building constructed must also take into account its integration into the environment, into nature. Siza Vieira designed the Boa-Nova Tea House shortly before, almost simultaneously with the Quinta da ...
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Kedarkantha Trek: The Winter Wonderland
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Travel

Kedarkantha Trek: The Winter Wonderland

Nestled in the heart of Uttarakhand, the Kedarkantha trek is one of India’s most sought-after winter treks. With snow-covered trails, panoramic views of the Himalayan peaks, and a journey that takes you through dense forests and charming villages, the Kedarkantha trek is a perfect blend of adventure and tranquility. This trek is ideal for both beginners and seasoned trekkers, offering a surreal experience of walking through a winter wonderland. In this comprehensive guide, we'll explore everything you need to know about the Kedarkantha trek, from its highlights to preparation tips and more. Short Overview of Kedarkantha Trek Kedarkantha, standing tall at an altitude of 12,500 feet, is located in the Govind Wildlife Sanctuary in Uttarakhand. The trek is known for its easy to moderate di...
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