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A wide promotional banner for 'This Week in Startups' by Entrepreneurship Studio. The banner features large, bold letters spelling out 'THIS WEEK in STARTUPS' in blue, accented with a sunburst graphic in yellow to the left. Below the main text, there's a hashtag '#thisweekinstartups'. The background includes abstract, wavy lines in shades of blue and yellow, flowing towards the right side of the image. The Entrepreneurship Studio logo is subtly positioned in the bottom right corner.

This Week In Startups: May 18-24

This Week in Startups with Entrepreneurship Studio. Stay ahead in the dynamic world of startups with Entrepreneurship Studio’s latest updates: New Fund Alert: ThinKuvate, a Singaporean investment firm, launches a Rs 100 crore fund to invest in tech startups across India, focusing on innovative, revenue-generating companies in cities like Nagpur, Bangalore, and Chennai. Tech Collaboration: E2E Cloud partners with Atal Incubation Centre to boost India's AI and deeptech sectors, providing cutting-edge GPU resources to help startups scale and innovate. Global Aspirations: Amazon India kicks off the fourth season of its Propel Global Business Accelerator, aiming to help consumer product startups reach international markets and contribute to India's growing e-commerce exports. Dive into these stories and more to discover the entrepreneurial ventures and innovations shaping India’s economic landscape. Explore the full details on our website!

This banner image features a stylized portrait of Mukesh Ambani, a well-known Indian businessman, placed against a graphic backdrop with blue tones and geometric patterns. To the right, the logo of Reliance Jio—a globe encased in a grid pattern with the Jio logo on top—is prominently displayed, symbolizing the global reach and connectivity of the brand. The overall design merges elements of corporate branding with a modern, graphic style.

Jio Financial Services Aims to Increase Foreign Ownership to 49%

Jio Financial Services seeks shareholder approval to raise foreign investment limits to 49% and transition into a Core Investment Company (CIC). This strategic move will enable the company to expand into asset management, insurance, and more, enhancing its service offerings. Additionally, Jio Financial reports a steady increase in profits, driven by efficient tax management and profitable joint ventures, including a significant collaboration with BlackRock. Shareholders can participate in the decision-making through e-voting from May 24 to June 22.

Wide promotional banner featuring a Pine Labs payment terminal displaying a QR code on its screen, with a green textured background. The Entrepreneurship Studio logo is visible in the top left corner

Pine Labs Relocating to India: A Strategic Move Reflecting Broader Market Trends

Pine Labs, a fintech giant valued at over $5 billion, has just secured approval for a strategic merger of its Singapore and Indian entities, marking a significant realignment towards its operations in India. This move, supported by leading investors including Fidelity and PayPal, signifies a broader trend of Indian startups repatriating their bases to leverage the growing confidence in India's economic and regulatory frameworks. At Entrepreneurship Studio, we delve into the implications of Pine Labs' operational shift and explore what this means for the market dynamics and the broader startup ecosystem in India.

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Topic - Fintech | Everything Startups