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A young man from Meerut helped 'made in China' Xiaomi sweep India's smartphone market

A young man from Meerut helped âmade in Chinaâ Xiaomi sweep Indiaâs smartphone market
In Xiaomi , Jayadevan P.K. chronicles how the company built a cult following & went from a Chinese start-up to a global player in the smartphone market.
Jayadevan P.K. 15 April, 2021 1:05 pm IST
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Xiaomi made a splash when it sold all of its inventory (10,000 devices) in just a few seconds on Indiaâs popular e-commerce site Flipkart. But it was nowhere close to being a serious competitor to other brands that had established a strong foothold in the Indian market over the course of several years. Besides, Xiaomi still had one more challenge that it had to urgently overcome before it could successfully penetrate this foreign market. ....

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Global Neobank Zolve Secures $15 Million in Capital via a Seed Round led by Accel and Lightspeed

Global Neobank Zolve Secures $15 Million in Capital via a Seed Round led by Accel and Lightspeed
Global digital bank
Zolve has secured $15 million in capital through a seed funding round that was led by Accel & Lightspeed.
Others who took part in Zolve’s investment round include Blume Ventures and several angel investors: Dr. Ashish Gupta (ex-Helion MD), Greg Kidd (angel investor in Twitter & Ripple), Kunal Shah (founder of Cred), Rahul Mehta (Managing partner at DST Global) and Rahul Kishore (Senior Managing Director, Coatue Capital).
As mentioned in a release shared with CI, this round marks the very first investment of the Founder Collective (investor in Airtable and Uber) in an Indian startup. ....

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Zolve raises $15 million for its cross-border neobank aimed at global citizens – TechCrunch

Zolve raises $15 million for its cross-border neobank aimed at global citizens – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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[Funding alert] Taxiforsure Raghunandan G's new fintech startup Zolve raises $15M led by Accel Partners, Light

“In an increasingly connected world, though people are moving across countries at an accelerated pace, the
global financial systems are archaic and fragmented, creating headwinds for a global citizen. With Zolve, we aim to create
a financial world beyond borders that provides equitable access to global financial products on one single platform.
Our cross-border neobank will enable global citizens to access financial products seamlessly, save money and invest it further, helping them be financially free to pursue their ambition, no matter where they are, ” said Raghunandan G, Founder of Zolve.
Anand Daniel, Partner at Accel, said, The global citizen community is largely underserved in terms of access to financial services and we believe that there is ....

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Koo app downloads surge as tensions escalate between Twitter and Govt

Koo app downloads surge as tensions escalate between Twitter and Govt
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In the last seven days alone, Twitter s homegrown rival Koo app has seen a ten-fold increase in downloads leading to a cumulative three million lifetime downloads in India alone.
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Indian microblogging app Koo is witnessing a record surge in its popularity as tensions escalate between larger rival Twitter and the Indian government on allegations that certain accounts on the American platform were stoking unrest over the controversial farm laws.
In the last seven days alone, the year-old app has seen a ten-fold increase in downloads leading to a cumulative three million lifetime downloads within the country alone, it said. Founded by serial entrepreneur Aprameya Radhakrishna who sold his earlier venture TaxiforSure to larger rival Ola along with Mayank Bidawatka, Koo has been making waves for its focus on snagging local language users onto its platfo ....

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