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Viewpoint: E-wallets Won’t Work in India, Says Mswipe Founder
A digital/mobile wallet defeats the very purpose of money, and hence, it is not going to work in India, states Manish Patel, Founder and CEO of mobile point of sale (mPoS) company Mswipe.
- Categories
- Investing
- Region
- South Asia
- Tags
- venture capital
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FinTech Investments Quadruple: Top Trends to Watch
Investments into FinTech startups recently quadrupled, growing from just over $3 billion in 2013 to over $12 billion in 2014. And consider alongside that another trend showing that crowdfunding will surpass VC in 2016 as a funding source–given that crowdfunding itself is a segment of the FinTech market.
- Categories
- Investing, Technology
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Top Innovation Ecosystem Leaders Across India Converge at India Innovation Forum 2015
The inaugaral edition of India Innovation Forum (IIF 2015) in Bengaluru saw top Innovators, Entrepreneurs, VCs, Impact Investors, CEOs and Thought leaders come together on 11th and 12th of July, 2015 to interact, share ideas and raise important questions on Innovation ecosystem in India. They interacted with a diverse group 150+ select senior executives from top Indian and multinational companies.
- Categories
- Investing
- Region
- South Asia
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Hong Kong VC Firm Nest Expands to Nairobi to Support Continent’s Talents
Hong Kong VC and incubation firm Nest has recently announced its expansion into Africa, connecting local talent with Asian investors abroad.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Technology Billionaire Bill Gates to Double Investment in Clean Energy Projects Over Five Years
Technology billionaire Bill Gates says he’ll plow $2 billion of his own money into breakthrough energy projects that reduce emissions and eschew fossil fuels. The planned investment doubles what Gates already has spent on early-stage energy companies geared to fight climate change, the Financial Times reported Thursday.
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Early Tesla Motors Investors Raise $400 Million Impact VC Fund
Two early investors in Tesla Motors Inc.TSLA +0.96% teamed up and raised a $400 million venture capital fund to back startups that have a positive social or environmental impact, Venture Capital Dispatch has learned.
- Categories
- Impact Assessment, Investing
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PRESS RELEASE: Report: Private Impact Investing Funds Yielded Financial Performance in Line With Non-Impact Funds
Private impact investment funds -- specifically private equity and venture capital funds -- that pursue social impact objectives have recorded financial returns in line with a comparative universe of funds that only pursue financial returns.
- Categories
- Impact Assessment, Investing
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MyDentist Raises Around $8M From LGT Group, Existing Investors
Mumbai-based Total Dental Care Pvt Ltd, which runs dental care chain under the MyDentist brand, has secured Rs 50 crore (around $8 million) in its Series C round of funding led by LGT Venture Philanthropy, a global impact investing organization founded by LGT and the Princely Family of Liechtenstein.
- Categories
- Health Care, Investing
- Region
- South Asia