Entrackr reported that this new investment round would likely be funded by internal investors at a flat valuation of around $634 million

Why was it so important for the Karnataka government to hold Ganesh Chaturthi puja in an Idgah maidan somewhere in the state? Was it something to do with the fact that assembly elections are around the corner?

With the tide of majoritarian appeasement, fuelled by the ruling political establishment, there are efforts now to even exempt the Gyanvapi mosque-Shringar Gauri dispute in Varanasi from the ambit of the Places of Worship (Special Provisions) Act, 1991.

If the Ram Temple movement established the saffron outfit in the Hindi belt, the Hubballi campaign catapulted it to power in the state

PFI came into being in response to violence against Muslims. Political silence on it only helped the fundamentalist outfit grow in coastal Karnataka

The 1990s decade was dominated by the Ram Janmabhoomi-Babri Masjid row. Now, the Gyanvapi mosque row has added another chapter to the country’s history of disputes over religious structures and the spaces they occupy.

Gold finance start-up Rupeek seeks to raise more capital in an extended Series E round. It is in talks with existing investors, including Lightbox, Accel, Sequoia, Bertelsmann, Vostok Emerging Finance, GGV Capital, HighSage Ventures, Kae Capital and 9Unicorns, to infuse an additional $50 million into the company.  

Entrackr reported that this new investment round would likely be funded by internal investors at a flat valuation of around $634 million. The Bengaluru-based start-up has raised $34 million this January in a funding round led by Lightbox, bringing its total investment to $140 million to date. 

Rupeek was founded in 2015 by Sumit Maniyar and Ashwin Soni, offering loans against gold jewellery and family heirlooms. The start-up claims to be in over 40 Indian cities with over 5 lakh in its customer base. Attempting to monetise the idle gold assets in the country, the company offers instant, MSME and Mudra loans.  

Backed by Binny Bansal's BTB Ventures since its early stage, the fintech was in the news earlier this year for laying off around 200 people. The company claimed this comprised around 15 per cent of its 1200-strong workforce.

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