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Raise announces 100pc acquisition of Mumbai-based Moneylicious Securities

Raise Financial Services on Tuesday announced 100 pc acquisition of Moneylicious Securities, a Mumbai-based stock broker with membership of NSE, BSE, MCX, and CDSL. The acquisition has received all required approvals from capital markets regulator SEBI, all stock exchanges (BSE, NSE, and MCX) and CDSL.  Jayprakash Gupta, Founder of Moneylicious Securities, will join Raise as Co-founder.

CoinDCX is first crypto startup to enter unicorn club after $90M fundraise (Funding)

CoinDCX, the crypto exchange, has closed a $90 million Series C funding round, led by Facebook Co-founder Eduardo Saverin’s B Capital Group. The Series C funding round raises CoinDCX’s valuation to $1.1 billion, making it the first Indian cryptocurrency exchange to reach unicorn status. The round also saw participation from existing investors such as Coinbase Ventures, Polychain Capital, Block.one, Jump Capital, among others, alongside other veteran investors.

Competitive exam prep startup FlashPrep raises $500K led by Venture Highway (Funding)

FlashPrep, a Bengaluru-based exam preparation companion that allows aspirants to study, practise and self-evaluate by taking tests and challenges on their study material, has raised $500,000 in a pre-seed round led by Venture Highway.  The funding round also witnessed additional participation from Better Capital, First Cheque, and a few angel investors. The startup plans to use the fresh funds to strengthen and amplify the company’s user base and expand product offerings.