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Business Economy

P2P startup PaisaDukan raises 1st round of investment from JITO

P2P startup PaisaDukan raises 1st round of investment from JITO

New Delhi, Mar 13 (UNI) Mumbai-based P2P lending startup PaisaDukan has raised the first round of funding from community-based platform Jain International Trade Organisation (JITO) in a bid to further expand its portfolios.
With this funding, the company has been able to raise Rs 3.5 crore in the last three months and Rs 7.5 crore since its inception in Nov 2017.
Talking to UNI over phone, PaisaDukan Founder and CMD Rajiv M Ranjan told, “By JITO Angel Network making strategic investment in our company, it showcases the strength of the business model of Paisadukan and also the potential of Peer to Peer Industry in India.”
He also said that the company will again receive the next round of investment in next 3-6 months.
“This is the first round of fund infusion and we are planning to raise another round with JITO Angel Network in next 3-6 months. We are quite positive on our business operations,” Mr Ranjan added.
Expressing confidence in the business model of PaisaDukan, Lead investor from JITO Angel Network Tharun Dhariwal said, “We are at JITO Angel Network are extremely optimistic on the business model of Peer to Peer Lending in the country. Additionally, we see a huge potential in the recent innovative initiatives taken by Paisadukan.”
Two days back, the company has opened its first rural branch in Madhubani district of Bihar in an effort to tap the emerging rural lending market.

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Bullion Market closing rates

19 Sep 2020 | 3:38 PM

Chennai, Sep 19(UNI) Following is the bullion markets
closing rate here today.

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Shanghai Electric Showcases Smart Energy Solution at China International Industrial Expo on Worlds Clean Up Day

19 Sep 2020 | 2:44 PM

SHANGHAI, Sept 19, 2020 /PRNewswire/ - Shanghai Electric gave a strong impression at the 22nd China International Industrial Expo (the "Shanghai Industrial Fair"), which took place during September 15-19 at the Shanghai National Convention and Exhibition Center. The company presented exhibitions on Smart City, Smart Energy, Intelligent Manufacturing, and Intelligent Transportation in line with the Fair's theme of "Intelligence, Interconnection - New Development of Enabling Industry."

This year, the Shanghai Industry Expo adopted a new mode of exhibition with "offline as the main and online as the supplement." The expos included nine different exhibition areas including CNC machine tools and metal processing, industrial automation, energy conservation and industrial support along with a new generation of information technology and applications.

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The Kozhikode Coir market

19 Sep 2020 | 2:42 PM

Kozhikode, Sep 19 (UNI) Following were the rates in the Kozhikode Coir market today per quintal,
Coir Koyilandi No 1 Rs 9, 100
No 2 Rs 8, 300
Beypore No 1 Rs 6, 500
NO 2 Rs 6, 000.

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The Kozhikode Oil market

19 Sep 2020 | 2:40 PM

Kozhikode, Sep, 19 (UNI) Following were the rates in the Kozhikode Oil market today per quintal,
Copra Office Rs 12, 200,
Dilpas Rs 12, 300,
Rajapur Rs 12, 300,
Bolls Rs 11, 250,
Coconut oil Rs 18, 550.

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Sensex ends negative at 38,845 82 pts during  week

Sensex ends negative at 38,845 82 pts during week

19 Sep 2020 | 2:39 PM

Mumbai, Sep 19 (UNI) The benchmark index of BSE Ltd Sensex fell marginally by 8.73 points or 0.02 per cent to settle at 38,845.82 in a volatile week under review on negative cues from global peers.

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