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Indian Digital Wallet Firm MobiKwik in Talks to Raise Funds, Eyes $1-Billion Valuation
Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion (roughly Rs. 6,698 crores) valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Indian Tech Entrepreneur on Mission to Democratise Healthcare
A leading Indian tech entrepreneur has decided to invest in a UK-based genomics data platform company to “democratise precision healthcare” and help pharmaceuticals develop targeted therapeutics. Ambarish Mitra, well known as the co-founder and CEO of Blippar – an augmented reality and computer vision based AI application platform – will invest in the Cambridge-based Global Gene Corp to bring medicine to the masses. “Global Gene Corp sits at the convergence point of genomic & life sciences, machine learning and big data technologies. They have fundamentally disrupted the business model to deliver a platform that is scalable and affordable – which is key to bringing precision medicine to the masses,” Mitra said.
- Categories
- Health Care
- Region
- South Asia
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Smartphones Have an Unexpected New Rival
Last week, an Indian government official announced that iPhones will start rolling off an assembly line in Bangalore by the end of April, targeted at local customers. It's a big moment for Apple Inc., which is counting on India's emerging middle class to make up for slowing sales in other markets. But don't bet on the iPhone conquering India, or any other emerging market, just yet.
- Categories
- Technology
- Region
- South Asia
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Samsung to launch mobile payment wallet Samsung Pay in India soon
South Korean tech giant Samsung is planning to launch its mobile payment wallet in India in the first half of 2017, media reports said.
- Categories
- Technology
- Region
- South Asia
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Indian tech entrepreneur on mission to democratise healthcare
A leading Indian tech entrepreneur has decided to invest in a UK-based genomics data platform company to “democratise precision healthcare” and help pharmaceuticals develop targeted therapeutics.
- Categories
- Health Care
- Region
- South Asia
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Biocon to partner with govt for better rural health facilities
In an attempt to build a scalable healthcare model that'll make affordable healthcare accessible to rural communities, the state department of medical, health and family welfare signed a memorandum of understanding (MoU) with Biocon Foundation, the CSR arm of the pharmaceutical company headed by Kiran Mazumdar-Shaw to establish eLAJ smart clinics in 15 primary healthcare centres (PHC s) across six districts in Karnataka.
- Categories
- Health Care, Technology
- Region
- South Asia
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India scraps funding ties with Gates Foundation on immunization
A group backed by the Bill & Melinda Gates Foundation that works on India's immunization program will now be funded by the health ministry, a government official said, a move in part prompted by fears foreign donors could influence policy making.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public policy
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Drug Pricing Control Regime Short-Sighted
Up in arms against the central government's drug pricing control regime, the Indian pharma industry feels it is a short-sighted move that will stifle innovation in the country. Instead of slashing prices of drugs, the government must focus on holistic development of the healthcare sector, pharma honchos said here on Tuesday.
- Categories
- Health Care
- Region
- South Asia
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