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Skuad raises $4 mn from Beenext, others

It plans to use these funds to expand its remote employment infrastructure

Vatika group retires over Rs 1,100 crore debt this fiscal; sells land worth Rs 450 crore
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Vatika group retires over Rs 1,100 crore debt this fiscal; sells land worth Rs 450 crore

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New Delhi: Skuad, a digital payroll platform for remote teams, on Monday said it has raised $4 million (about Rs 29.4 crore) from BEENEXT and Anthemis Group.

The seed round also saw participation from Alto Partners Multi-Family Office and Rohan Monga, CEO of Zenius Education among others, a statement said. Founded by Sundeep Sahi, Naman Singhal and Dave Fall, Skuad's platform is currently being used by companies in countries across South East Asia, Africa and North America to build and pay their geographically distributed teams, it added.

With the latest fundraise, Skuad plans to use these funds to grow their remote employment infrastructure and scale their growth team in multiple geographies, it said. Mitron signs licensing deal with Zee Music Company, homegrown short video app Mitron on Monday said it has inked a licensing deal with one of the largest music companies in India, Zee Music Company. With this deal, Mitron users will have access to thousands of songs from the Zee Music Co's catalogue, a statement said.

"We are delighted that Mitron users will now have access to the huge catalogue of Zee Music library including blockbusters from Bollywood. We aim to provide a seamless experience to our millions of content creators to showcase their talent and make the most interesting content," Shivank Agarwal, CEO and co-founder of Mitron TV, said.

Anurag Bedi, Chief Business Officer at Zee Music Company, said this collaboration will give content creators access to its robust and diverse stream of catalogue spread across regional languages. Nucleus Software launches new solution to help lenders Nucleus Software on Monday said it has launched the latest version of its digital lending platform, designed specifically to help lenders expand business operations and generate new digital revenue streams by targeting new customer segments. The global 'Buy Now Pay Later' (BNPL) platforms market is expected to reach $33 billion by 2027 at a CAGR of 21 per cent over the period 2019-2027. (PTI)

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