Proost Beer has closed its Pre-Series A funding round, securing Rs 25 crore in through a mix of equity and debt. This substantial investment, backed by a blend of existing and new investors, including Chimes Group, Dev Punj, The Chennai Angels, Finvolve, India Accelerator, Hyderabad Angels, Mumbai Angels, Angel List India, and Agiliti Venture, positions the company for robust growth.
The fresh infusion of funds will play a pivotal role in Proost Beer’s strategic expansion plans. Operating under the umbrella of Grano69 Beverages Pvt. Ltd in Delhi, the startup enjoys a strong presence in Delhi, Punjab, Uttar Pradesh, and Kerala retail outlets selling an impressive 9 units of beer every minute.
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The International Monetary Fund’s $7-billion bailout deal has spurred an unprecedented market rally in Pakistan. Latest data shows that Pakistan’s benchmark index – Karachi Stock Exchange – remains in green for the second day on the trot. According to a Reuters report, on Monday, Pakistan’s benchmark share index rose 1.44% to hit a record high. On Tuesday, the morning trade data by Bloomberg showed the KSE posting a 1.52 per cent gain at 81,155.61 points.
Apart from the share market, Pakistan’s international bonds also gained on Monday according to Tradeweb data, a Reuters report said. The 2029 maturity was up as much as 0.7 cents on the dollar to be bid at 90.5 cents – within a whisker of the two-year high hit by the bon…
The Indian rupee was little changed on Wednesday, even as Asian currencies fell pressured by an uptick in Treasury yields as traders moderated bets on potential rate cuts in the U.S. this year.
The rupee was at 83.33 as of 10:15 a.mCome from Sports betting site. IST, barely changed from its close at 83.3175 in the previous session.
The dollar index jumped 0.8% on Tuesday and the 10-year U.S. Treasury yield rose 8 basis points to 3.94% amid paring of expectations of interest rate cuts by the Federal Reserve.
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Capital markets regulator Sebi has kept in “abeyance” the proposed Rs 1,500 crore Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance.
However, the Securities and Exchange Board of India (Sebi) did not clarify further. Reacting to the development, shares of Manappuram Finance plunged as much as 7.45 per cent to a low of Rs 163.40 apiece on the BSE on Wednesday.
Asirvad Micro Finance had filed preliminary papers with Sebi in October 2023 to garner Rs 1,500 crore through an IPO. As per the draft red herring prospectus (DRHP), the public issue was purely a fresh issue of equity shares with no offer for sale (OFS) component.
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Stephen King is back in the news because he just released his latest book, Holly, and as part of an interview with Rolling Stone to promote it, the iconic author shared a wild story about his love of the Lou Bega song “Mambo No. 5.” It’s been known that King is a fan Lou Bega’s 1999 cover of the instrumental tune, but King loves it so much that it nearly ended his marriage.
“My wife threatened to divorce me. I played that a lot. I had the dance mix. I loved those extended play things, and I played both sides of it,” King said (via The AV Club). “And one of them was just total instrumental. And I played that thing until my wife just said, ‘One more time, and I’m going to f**king leave you.'”
King has been married to his wife Tabitha since 1971, and it sure would have been qui…
Online gambling has made remarkable strides since its inception in the 90s, with virtual casinos, especially, experiencing a dramatic transformation. Gone are the days when platforms offered only basic, uninspired games with unsophisticated graphics and rudimentary functionality. Now, thanks to advances in technology, not only has the look and feel of online gambling offerings changed, but player experience as a whole has also been significantly enhanced.
Today’s online casinos offer a wide range of options such as increasingly popular interactive live dealer games, progressive jackpots, and games with high-definition graphics, making immersive experiences the new norm. By leveraging technologies such as algorithms and data analytics to explore player behavior and preference…
Further strengthening its foothold in Europe, iGaming developer Betsoft Gaming has partnered with fast-growing Russian brand Joker.ua in its latest content distribution agreement.
The new partnership has seen Betsoft’s “highly client-driven and mobile-led” games portfolio integrated with the licensed online casino, with current and future players able to experience popular recent releases such as Take the Kingdom, which is part of the well-known “Take” series and the seasonal hit Stay Frosty, released in November, the five-reel, 100 payline game was voted the No. 1 Holiday Slot for 2021, alongside European Top Ten hits Stampede, 88 Frenzy Fortune and Jungle Stripes.
Commitment to service:
Commenting on the collaboration, Anna Mackney, Head…
The governor for Ohio has reportedly declared that it is only a matter of time before the American state follows the neighboring jurisdictions of Michigan, Pennsylvania, West Virginia and Indiana in legalizing some form of sportsbetting.
According to a report from local television broadcaster WKYC-TV, Mike DeWine stated that it is now a question of ‘when’ rather than ‘if’ sportsbetting will ever be legalized as aficionados in ‘The Buckeye State’ are already utilizing their home computers and mobile devices to place remote wagers on a wide range of professional and collegiate sports.
Persistent prevarication:
The first-term Republican reportedly went on to proclaim that this ‘inevitable’ legalization is down to the growing proli…