Investment Platform Groww Valued At $3 Billion

Investment platform Groww has been valued at $3 billion Online investment platform Groww said on Monday it had raised $251 million in a new funding round that was led by ICONIQ Growth and saw participation of existing investors Sequoia Capital and Tiger Global, at a valuation of $3 billion. Founded in 2016, Groww lets Indian […]

Indian Unicorn Groww Valued At $3 Billion After Latest Funding Round

Investment platform Groww has been valued at $3 billion Online investment platform Groww said on Monday it had raised $251 million in a new funding round that was led by ICONIQ Growth and saw participation of existing investors Sequoia Capital and Tiger Global, at a valuation of $3 billion. Founded in 2016, Groww lets Indian […]

HSBC Surprises With 74% Rise In Q3 Profit And $2 Billion Buyback

HSBC’s London-listed shares have gained 15% so far this year. Singapore/London: HSBC Holdings reported a surprise 74% rise in third quarter profit as concerns about pandemic-related bad loan receded, allowing it to announce a share buyback of $2 billion. HSBC however said its cost projections for 2022 had increased to $32 billion from $31 billion, […]

Forex Reserves Rise By $1.492 Billion To Touch $641 Billion

Gold reserves climbed by $557 million to $38.579 billion in the reporting week The country’s foreign exchange reserves rose by $1.492 billion to reach $641.008 billion in the week ended October 15, RBI data showed on Friday. In the previous week ended October 8, the reserves had increased by $2.039 billion to $639.516 billion. The reserves had touched a lifetime high of $642.453 billion in the week ended […]

US NFT Firm Bags $100 Million in New Funding, Now Worth $1.5 Billion

US-based non-fungible token (NFT) company called Candy Digital has secured $100 million (roughly Rs. 747 crore) in a Series A funding round. The NFT start-up launched in June 2020 is affiliated by Major League Baseball (MLB) is parented by sports merchandise firm, Fanatics. With this fresh investment, the total valuation of Candy Digital has touched […]

Ansu Fati’s new Barcelona contract has 1 billion euro release clause

Barcelona and teenage forward Ansu Fati have agreed on a contract extension to 2027 that includes a buyout clause of 1 billion euros ($1.17 billion). The club’s announcement came after its 1-0 home win over Dynamo Kyiv in the group stage of the Champions League on Wednesday. A signing ceremony and press conference were scheduled […]

PayPal Looking To Buy Pinterest In $45 Billion Deal: Report

PayPal made an offer to buy digital pinboard site Pinterest Inc PayPal Holdings Inc has made an offer to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between financial technology and social media companies in e-ecommerce. The per share […]

CRED Valued At $4 Billion In New Funding Round: Report

CRED raised $251 million in a new funding round CRED said on Tuesday it had raised $251 million in a new funding round led by existing investors and private equity firms Tiger Global and Falconedge, valuing the fintech company at $4.01 billion. “Two new investors – Marshall Wace and Steadfast – joined the cap table. […]

Telegram Crosses 1 Billion Installs on Google Play Store

Telegram has become the latest app to surpass 1 billion installs on the Google Play store. The sudden increase in downloads could be attributed to major outages at Facebook, WhatsApp, and Instagram earlier this month. Founded by Pavel Durov Telegram is slowly increasing its market presence and gained more users due to the outages at […]

British Fintech Zopa Hits $1 Billion Valuation With SoftBank Investment

The funding round values Zopa at around 750 million pounds ($1.03 billion). London: British digital bank Zopa has raised $300 million from investors including Japan’s SoftBank Group, it said on Tuesday, as the lender looks to expand its business ahead of a possible listing as soon as next year. The funding round values Zopa at […]

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