G20's Crypto Blueprint🌐, Ola Electric's $140M Surge🛵

Twitter's 'Posts' and 'Reposts,' Apple's China Crisis, SBI Mutual Fund's Gaming Investment in Nazara, Funding Deals and more.

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Sep 08, 2023

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Tech Updates

🌐 G20 Leaders Set to Forge Crypto Regulation Blueprint 💼🪙
- The G20 Leaders’ summit, commencing Friday, is poised to tackle the challenge of crypto asset regulation. With a blueprint and coordinated strategies on the table, a global framework for dealing with cryptocurrencies could emerge. The IMF and Financial Stability Board have crafted a report, highlighting the urgency of global crypto asset regulation. Stay tuned for potential crypto watershed moments! 🌐🚀
🔋 Ola Electric Powers Up with $140M Funding from Temasek! 🚀🛵
- Ola Electric, the electric scooter juggernaut, has secured a robust $140 million in funding, with Singapore's Temasek leading the charge. This investment propels Ola Electric's valuation to an electrifying $5.4 billion! 🔌💰
📣 X Tweaks Lingo! Say Hello to "Posts" and "Reposts" 🐦🔄
- Big changes are coming to X's social sphere! Starting September 29, X is swapping out "tweets" for "posts" and "retweets" for "reposts." Plus, the word "Twitter" is officially out, replaced by the sleek and futuristic "X." 🚀📝
📉 Apple's $200 Billion Plunge in 2 Days: China's iPhone Crackdown📱
- China's expanding ban on iPhones has sent shockwaves through Apple's market value, with shares plummeting nearly $200 billion in just 48 hours. The tech giant faces a challenging road ahead in the world's largest smartphone market. 📉💼
🎮 SBI Mutual Fund Joins Gaming Frenzy, Pours Rs 410 Crore into Nazara 💰🎮
- After a recent investment from Nikhil Kamath, SBI Mutual Fund is now diving into the gaming arena, injecting Rs 410 crore into Nazara Technologies. The gaming and media company is on a fundraising spree, signaling the booming interest in the gaming sector. 🚀🎮

Ola Electric has closed a $140 million funding round led by Singapore’s sovereign fund Temasek, which will value the electric scooter manufacturer at $5.4 billion.
Digital gaming and esports company Nazara Technologies has raised Rs 410 crore from SBI Mutual Fund, marking the second tranche of Rs 750 crore fundraising.
Biomaterials startup altM has secured $3.5 million in a seed round led by Omnivore along with participation from Theia Ventures, Thai Wah Ventures, Sanjiv Rangrass, Neha Mudaliar, Maninder Gulati, Mirik Gogri and Paula Mariwala.
Healthy food startup Madmix (previously Daily Staple) has raised Rs 1.76 crore in its pre-seed funding round led by Prime Securities and Authum Investments and Team India Managers.

Funding Deals💰