• Xiaomi backs Indian consumer lending startup ZestMoney in $13.4M deal

    28 days ago - By Tech Crunch

    Xiaomi has continued its investment in India after it led a $13.4 million round for fintech startup ZestMoney .
    The newly-public Chinese firm previously said it would invest up to $1 billion in India and Indian startups over a five-year period, and this deal follows its maiden India fintech investment in lending platform KrazyBee.
    The new capital is an extension to ZestMoney's recently closed $6.5 million Series A, and it takes the company to $22 million raised to date. Existing backers PayU, Ribbit Capital and Omidyar Network joined Xiaomi in this ‘Series A2' round.
    ZestMoney was founded...
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  • German, U.S. companies concerned despite EU trade truce with Trump: survey

    German, U.S. companies concerned despite EU trade truce with Trump: survey

    28 days ago - By Reuters

    Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday.
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  • EU clears $3.9 billion P&G deal for German Merck's consumer health business unit

    28 days ago - By Reuters

    EU antitrust regulators have approved Procter & Gamble's 3.4 billion euro acquisition of Merck KGaA's consumer health unit, saying on Tuesday that they had no competition concerns.
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