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Startup news and updates: Daily roundup (May 17, 2024)

Startup news and updates: Daily roundup (May 17, 2024)

Startup news and updates: Daily roundup (May 17, 2024)
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Private jets, yachts and parties: Ontario landlords flaunted lavish lifestyle as business began to crumble

In a 2022 promotional video, Robby Clark stands at the bow of a yacht, arms raised to the sky as a camera circles overhead. "You can stick me in the desert with nothing and I’m going to come out owning the desert," he says. Less than two years later, his Ontario real estate empire is under bankruptcy protection, owing hundreds of lenders tens of millions of dollars.

ideaForge Raises $20 Mn In Series B Funding To Fuel Global Ambition

Wealth management platform Nivesh raises $1 6m led by Indian Angel Network

Wealth management platform Nivesh raises $1.6m led by Indian Angel Network Photo: Reuters May 4, 2021 Wealth management platform, Nivesh, on Tuesday said it has raised $1.6 million, led by Indian Angel Network (IAN) Fund. The round also saw participation from other angel investors including LV Angel Fund. According to the company, the freshly infused capital will be utilised for expansion of its product portfolio, specifically towards introducing newer insurance and credit products. The company is also expected to use the funding towards technology enhancement by bringing in automation and user personalization. Five-year-old Nivesh is a technology platform that allows mutual fund distributors to list and distribute their financial products to consumers in a digital-first manner. Apart from mutual funds, the platform also allows distributors to list other products, including corporate fixed deposits and insurance.

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