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Japan Cryptocurrency Exchange Hacked, Loses $530 Million

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Japan based cryptocurrency exchange, Coincheck lost 58 billion yen, close to $530 million, on Friday because of hacking. Coincheck, which is one of Tokyo’s major cryptocurrency exchange, stopped the sales and withdrawals of the currency NEM, according to its website. Other deposit methods including credit cards have also been stopped and trading of all cryptocurrencies except Bitcoin have been restricted, according to the latest update.

The exchange has already reported the hack to the authorities and to Japan’s Financial Services Agency. According to the company, around 523 million of the exchange’s NEM coins were sent to another account around 3 A.M. local time. The NEM coins were held in a “hot” wallet, which refers to a method of storage that is linked to the internet. The company further added, close to 98% of its digital currency holdings are offline, or in a “cold” storage. Coincheck is ranked fourth by market share on CryptoCompare and owns about 6% of yen-bitcoin trading.

In a press conference, the President of Coincheck, Wakata Koichi Yoshihiro and Chief Operating Officer Yusuke Otsuka said it did not appear that hackers had stolen any other digital currency. The company is now looking at compensating its customers. NEM’s protocol token XEM, briefly fell by more than 20% on Friday trading at $0.85, down from a high of $1.01, according to data from Coinmarketcap. However, little changed for most of the other digital currencies, including Bitcoin.

The recent hack is touted to be bigger than the amount stolen from Mt. Gox in 2014 which was pegged at $340 million. However, the impact on the cryptocurrency market is much smaller given the immense increase in market capitalization. In December last year, South Korean cryptocurrency exchange Youbit also lost 17% of its digital assets leading to its parent Yapian filing for bankruptcy.

According to Morgan Stanley analysts, an estimated $630 million in bitcoin has been lost to hackers by mid December, 2017.

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₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide

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Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.

The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.

This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.

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Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026

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Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.

These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.

For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.

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D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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