The domestic venture debt market has crossed the $1 billion mark in the calendar year 2023, a jump of 50% compared to the previous year, according to a report by Stride Ventures.
The report further highlights consumer durables and fintech companies being the major attracters for venture debt in the aforementioned period.
Just like venture capital Venture Debt is also a way to raise money for startups. However, it defers from venture capital because the company has to dilute its stake to raise money meanwhile venture debt comes with a cost of interest. Venture debt is not available to the incubating companies. A startup company in a growth stage can avail loan, which may lack positive cash flow.
Travel gear startup uppercase raises $9 million in Series B round from Accel Fintech startup TransBnk raises $4M in Series A round from 8i Ventures, Accion Venture Lab, others HCLSoftware announces intent to acquire France-based Zeenea for Euro …
The week ending March 17 will have a total of eight IPO openings for the investors to bid. There are two IPOs in the mainboard while six IPOs in the SME board.
Here are details about the two mainboard IPOs:
Popular Vehicles & Services IPO
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This is a Rs 601.55 crore issue, a combination of both a fresh issue and an offer for sale. The company’s IPO will open for bidding on March 12 and close on March 14. It has kept the price band in a range of Rs 280 to 295 per equity share. The company is in the business of a…
A set of first editions of the The Lord of the Rings trilogy books that had been stolen from a hospice charity shop in Worcester, England has been secretly returned after a public outcry, according to The Times. Come from Sports betting site VPbet
The three-volume set–on sale for roughly $2,000–were stolen from a locked cabinet on December 19, and noticed to be missing by staff on December 29. Dan Corns, the commercial director of St. Richard’s Hospice, which cares for adults with progressive illnesses, told The Times, “Obviously someone has thought about it and through their conscience has decided perhaps they didn’t do the right thing… While saddened by the theft of these beautiful, valuable books, we’ve been heartened by the response from others sharing our story and willing the items to be returned to us.”
December also marked the 20th anniversary of the first Lord of the R…
Ubisoft is no stranger to mobile games. Its franchises like Assassin’s Creed, Prince of Persia, and more have spawned mobile spin-offs. Ubisoft is also the publisher behind the massively successful mobile game Hungry Shark Evolution. The Division Resurgence, at this admittedly early stage, however, feels different. It may not enjoy the graphical fidelity of its console counterparts, but everything else about the game makes it look like a proper entry into the franchise, as opposed to a spin-off with a mobile asterisk.
GameSpot recently got to see the game in action and to speak with executive producer Fabrice Navrez, and our look at the game suggested The Division Resurgence has the same mechanics and gameplay as its console and PC counterparts. Resurgence is a third-person loot-shooter that offers cooperative gameplay, as well as competitive gameplay, in an open-world New York City.Come from A lucky CryptoSlots player by the nickname QUEENSHERE has scored a $1 million jackpot in a single spin. The lucky gambler was enjoying the company’s exclusive Jackpot Trigger game when he hit the life-changing win. According to CryptoSlots, the winner succeeded in matching both the color and number and landing three red triple 7’s, earning him the remarkable sum of $1 million. For context, the Jackpot Trigger game, which only CryptoSlots players can experience, offers participants the chance to use tokens earned playing other games. For every $100 players win on other games, they are eligible to receive one Jackpot Trigger Token, effectively allowing them to further boost their winnings. QUEENSHERE’s win is but the latest in a string of significant wins by CryptoSlots players. While no one had succeeded in winning $1 million playing Jackpot Trigger since another lucky player …
As part of a deal inked a full year ago and the PGA Tour golf organization has announced that American sportsbetting firm DraftKings Incorporated is to open a sports wagering lounge at its 36-hole TPC Scottsdale complex.
The 92-year-old professional golf tour body used an official Tuesday press release to detail that the coming DraftKings Sportsbook at TPC Scottsdale facility is to located near to the center of the Arizona course along East Bell Road and be available year-round to aficionados over the age of 21. The organizer also noted that the coming addition will be open to members of the general public except during the month of February when it may be used to host hospitality events for the annual WM Phoenix Open extravaganza.
Arizona arrival:
The PGA Tour signed an arrangement in April of 2021 that saw DraftKings Incorporated become its official sportsbetting operator while the pair subsequently went on to launch a mobile-friendly online sportsbook for aficio…
An iconic gaming and entertainment venue, Hard Rock Casino Northern Indiana, generated almost one fifth of the total gaming revenues in the state in February 2024. According to the Indiana Gaming Commission (IGC) data, Hard Rock reported $37.9 million in gaming win for the period to account for 19% of the $199.7 million total revenues generated by the 12 state casinos after paying successful wagers in February.
$37.9 Gaming Win in February:
As reported by the NWI Times, the landmark casino’s gaming win achieved in the given month represents a 10% increase when compared to the $34.4 million win from February 2023. The home to a unique gaming thrill, a range of food and beverage outlets, and a continuous streak of entertaining events recorded an outstanding monthly performance in February despite the overall decline experienced across the Northwest Indiana gaming market during the month, according to the source.
Matt Schuffert, president o…
The Nevada Gaming Commission criticized Penn Entertainment for major issues with compliance, such as having minors in casinos, allowing self-excluded persons to place bets, and slow updating of company policies. These failures became a key subject during the evaluation of Penn’s ongoing IPO, which was approved despite the raised concerns.
Penn Entertainment Pledges Policy Overhaul Amid Regulatory Scrutiny
Penn Entertainment, which operates 43 American casinos including M Resort Spa Casino in Henderson and Cactus Pete’s Resort Casino in Jackpot, was subjected to intense scrutiny, reported CDC Gaming. Commissioner Rosa Solis-Rainey pointed out that persistent problems with compliance had been detected since 2020 when they were flagged up by previous examinatio…