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Mobikwik To Raise $100 Mn From BlackRock Valuing It At $1 Billion

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An Indian online payments platform MobiKwik is all set to raise funds from investors including Black Rock Inc., and others valuing the company at about $1 billion.

Gurgaon headquartered company MobiKwik is in advanced talks to raise another round of funding from Bank of Baroda as well as Canara Bank. If this deal is finalized, then MobiKwik will be the second startup in the India’s fintech industry after the Alibaba backed Paytm.

India’s first unicorn One97 Communications is also in talks with SoftBank to raise as much as $1.4 billion, some close sources reported.

Founded by a couple Bipin Preet Singh and Upasana Taku, in 2009, MobiKwik is trying hard to compete with PayTm which is now holding the top most position in the Indian e-payments platform. Interestingly, both, PayTm and MobiKwik are keen to acquire Freecharge.

MobiKwik offers a varied service which includes mobile phone based payment system. This company has more than 55 million customers till date.

Meanwhile, spokesperson for Canara Bank, Bank Of Baroda and MobiKwik were not responding to the emailed queries. Well, waiting for an official statement to confirm this news.

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    Hair loss just isn’t a common SARM aspect impact, however it is
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    I began with very little and always put 110% into the fitness center to get
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    While not as pronounced as with anabolic steroids,
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    and irritability whereas on SARMs.
    Lately, the SARM GLPG0492 was tested in dystrophin-mutated mdx
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    using SARMs for the remedy of DMD either alone or as combination with exon-skipping medicine or different methods such as NFkB or myostatin inhibitors.
    Mixture therapies capable of increasing muscle mass may potentially
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    Many trials weren’t revealed, making this SARM extra of a mystery than others.

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    In 2008, WADA banned SARMs, and prohibited SARMs (both out and in of competition)
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    SARMs are listed within the category of Other Anabolic Agents” underneath section S1.2 of the WADA Prohibited Listing, with examples including ostarine, andarine and ligandrol. Another key distinction between SARMs and steroids is their authorized standing.
    If you’re going to run a Cardarine cycle, take a glance at my full Cardarine (GW ) cycle guide. It is not really helpful that anyone exceed 20mg of Cardarine every day, which is more than enough to provide important advantages, particularly concerning endurance. New customers will most probably wish to start on the lower yet still effective dose of 10mg daily. Many users is not going to wish to exceed 15mg day by day, and only probably the most advanced users will progress to 20mg per day. Early customers of S23 used trial and error, and a lot of shared their personal experiences with specific doses so the rest of us could make as knowledgeable a decision as attainable. If you’re going to run a S23 cycle, try my full S23 SARM cycle guide. Since there are no human studies on S23, all side effects are reported anecdotally by people who have used this SARM.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Kingdom of Innovation: Saudi Arabia Tops Global Startup Growth Rankings for 2025

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StartupStories

Saudi Arabia has been named the fastest-growing startup ecosystem in the world in the 2025 StartupBlink Global Startup Ecosystem Index, with a growth rate exceeding 200%—the only country in the global top 100 to achieve this milestone. This surge has earned the Kingdom the “Country of the Year” title, highlighting its transformation into a global innovation leader.

The report ranks 110 countries and 1,400 cities, with three Saudi cities—led by Riyadh—making the global top 1,000. Riyadh entered the world’s top 100 startup cities, posting a 134% growth rate, and solidifying its role as a regional tech hub.

Saudi Arabia now leads globally in HealthTech, nanotechnology, and transport tech, and ranks among the top in sectors like fintech, e-commerce, logistics, and gaming. The Kingdom’s rapid progress is fueled by Vision 2030, robust government support, and record venture capital investment, making it the most funded VC market in MENA.

Startups such as Tabby, Tamara, and Jahez exemplify this momentum, as Saudi Arabia emerges as a top destination for innovation and entrepreneurship.

 

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SC Grants Relief to Paytm’s First Games, Stays Massive GST Notice

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StartupStories

The Supreme Court of India has granted interim relief to Paytm’s gaming arm, First Games, by staying proceedings on a ₹5,712 crore GST notice issued by the Directorate General of GST Intelligence (DGGI). The notice, sent in April 2025, demanded GST for the period January 2018 to March 2023, based on the department’s view that 28% GST should be levied on the total entry amount, rather than the 18% GST currently paid on platform fees.

First Games challenged the notice in the Supreme Court, which on May 23, 2025, ordered a stay on all further proceedings until a final decision is reached. The dispute is part of a broader industry-wide debate over the correct GST treatment for real money gaming platforms, with similar cases pending before the court. Following the stay, Paytm shares rose nearly 2% in early trading, reflecting investor optimism.

The Supreme Court’s order provides temporary relief to First Games and signals ongoing judicial scrutiny of GST demands across India’s online gaming sector.

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