News Update
Bitcoin continues to grow, other coins disappointed except Ether and Shib inu
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ByStartupStory | October 14, 2021
Bitcoin’s price on Monday also brought good news to investors, after hitting the $56,000 mark last week. The world’s most popular crypto asset is now aiming for a new record. If the growth rate continues like last week, it should come as no surprise that the largest cryptocurrency is once again breaking its own record.
Gadgets360’s cryptocurrency price tracker data shows that altcoins are not making big moves like bitcoin. The value of ether has risen by 0.73% in the past 24 hours. At least she stayed the same. Ether started the week with a close of Rs 2,75,960 (about $3,698). If you look at last week’s numbers, a lot of growth was needed last week. This cryptocurrency, which is linked to the Ethereum blockchain, has yet to gain momentum like bitcoin. But it can be said that in the cryptocurrency charts of recent days, this second-largest cryptocurrency often only appears in green.
The week has not started well for Cardano, Ripple, Polkadot and Uniswap, which are slightly lower in the list of popular cryptocurrencies. All of these products have seen their price drop by 1 to 2%. As the price of dogecoin also continues to fall. DOGE opened trading today at Rs 18.45 (around $0.24), down 3.95% after a sharp jump early last week. Meanwhile, the Shiba Inu ‘Dogekiller’ continues to climb with a growth of 1.92 per cent.
Edul Patel, CEO and co-founder of Mudrex, says: “The crypto market has grown steadily over the past 24 hours. Bitcoin, the largest cryptocurrency by market cap, continues to rise for its massive rally. In the next 24 hours, this session could bring yet another lucrative news. Traders should keep a close eye on the market as the RSI is 62 and the Fear and Greed Index is 71.”
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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