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5G to speed up news delivery⚡, Country Delight grabs $108 Mn🥛, a16z launches $4.5 Bn fund💰
5G set to improve quality of content, Country Delight raises $108 mn, a16z launches $4.5 billion Web3 fund, Funding Deals and more.
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5G set to speed up news delivery, improve quality of content: Anurag Thakur🗞️
Information and Broadcasting Minister Anurag Thakur on Wednesday said the growth of the internet through affordable mobile devices has reignited the media sector and 5G technology is poised to increase the speed of news delivery.
Addressing the 17th Asia Media Summit via video conferencing, Thakur said in the current times, the media was highly technology-driven and was witnessing innovation at a rapid pace.
Growth of the internet through affordable mobile devices has reignited the media industry, he said, adding that 5G technology is set to further enhance the user experience with an increase in the speed of delivery and improvement in the quality of content.
Country Delight raises $108 mn in Series D round led by Temasek, Venturi Partner🥛
Country Delight, a direct-to-consumer (D2C) food essentials brand, has raised $108 million in Series D round taking its valuation to $615 million.
“Country Delight is now looking at becoming a leading natural food essentials business where we are looking to widen our product portfolio to cover all the food essentials a kitchen needs on a daily basis," Chakradhar Gade, co-founder, Country Delight, said in an interaction.
Country Delight was founded in 2013 by IIM Indore batchmates Gade and Nitin Kaushal to deliver fresh food essentials such as milk and dairy products to the doorstep of consumers.
Fintech firm for electric vehicle financing Three Wheels United has raised $10 million from UK-based logistics and distribution company Delta Corp Holdings and other investors.
Pune-based energy distribution startup Repos Energy has raised Rs 56 crore ($7.2 million) from Ratan Tata, chairman Emeritus and other investors.
Music NFT marketplace FanTiger has raised $5.5 million (about Rs 42 crore) in a seed round led by Multicoin Capital.
➡️ Check out our LinkedIn space for more on the funding deals.
Andreessen Horowitz launches $4.5 billion Web3 fund amid market downturn💰
Silicon Valley venture capital firm Andreessen Horowitz has unveiled a new $4.5 billion crypto fund despite the ongoing downturn in the global financial markets, according to a report.
The new fund is double the size of the last one the VC firm launched last year. About one-third of the new fund will be used for seed deals exclusively to ward off competition from native crypto VC firms, Paradigm and Electric Capital, the report said.
Andreessen Horowitz’s crypto investments include the likes of Coinbase, CoinSwitch Kuber, and OpenSea, among others.
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