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A scam is hurting India’s economy in the grip of a slowdown

India’s gems industry employs almost 5 million workers and contributing about 7% of the GDP.

Sequoia Capital

Dec 12, 2019, 02.52 PM IST

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SEQUOIA CAPITAL

KredX bags $26 million in Series-B round

The platform works with more than 120 corporate houses such as Tata Croma, Future Group and Vedanta. The company plans to use the fresh capital to speed up growth by hiring senior leaders. It also intends to develop new products and use the funds for acquisitions.

Stanza Living raises Rs 40 crore from Alteria Capital

Founded in 2017, Stanza Living has so far raised $70 million from investors like Falcon...

Y Combinator picks 28 Indian startups

A Y Combinator spokesperson said the number of from each country is still not final and that it is not ...

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  • Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its total income grow by over 56 per cent to Rs 83.62 crore in 2018-19 from Rs 53.47 crore in the previous financial year.

    Earlier this week, ClearTax obtained the licence to be a GST Suvidha Provider, enabling it to offer tech solutions to taxpayers.

    Freshworks has appointed Anil Kommineni as Site Head of Freshworks Hyderabad. Anil had previously led and scaled engineering teams at Amazon, Microsoft and Teradata. Kiran Darisi, co-founder and distinguished engineer at Freshworks will also be moving to the Hyderabad office.

    Revant Bhate, formerly with venture capital firm Kalaari Capital and Dhyanesh Shah, who was an investor at Eight Road Ventures -- Fidelity Investments’ venture arm -- Mosaic Wellness, which is currently operating in stealth mode and building a slew of digital-first consumer brands.

    Gold was extended to delivery by Zomato in September, amidst the stalemate on dine-in services.

    Nazara Technologies plans to shortlist 20 technology-based gaming companies in which it will acquire strategic stake. These companies will primarily be based in India, chief executive Manish Agarwal said.

    For TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to take off because it has direct access to that all-powerful youth demographic.

    In its first fund, which closed at about $50 million, Fireside Ventures took ownership of about 10% on average with a half-million-dollar cheque size, while the second fund will put in more money for a larger chunk of the firm, said founder Kanwaljit Singh.

    The tribute hailed Don as Sequoia’s central figure until the mid-1990s – a period associated with the formation of many companies such as Oracle, LSI Logic, Microchip Technology, Linear Technology and Network Appliance which bore his hallmark.

    Wingreens now plans to expand its distribution network in the next year and invest in its back-end and front-end infrastructure.

    Freshworks also announced a common data platform to unify important customer information from marketing, sales, support and customer success to enhance visibility of functions across the board.

    Separately, Moglix, which counts Accel Partners, Sequoia Capital and Tiger Global Management, among others, has undertaken a Rs 5-10 crore stock buyback from eligible employees — numbering about 25 — led by the Noida-based company, along with certain investors.

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