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Stride Ventures: Stride Ventures leads Rs 10 crore debt round in Sequoia-backed Progcap

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Progcap provides access to collateral-free working capital to retailers in Tier-II, III, and IV areas, where retailers face challenges in accessing capital for their businesses.
Stride Ventures has led a debt round of Rs 10 crore in Progcap – a
fintech player providing access to collateral-free working capital to retailers. The fund is committed to being a strategic partner in Progcap’s growth journey.
This is Stride Ventures’ fourteenth investment from its maiden fund and second investment in the fintech space. Progcap has over two lakh retailers on its platform.
These funds will be deployed to increase their AUM and penetration amongst retailers across the country. Progcap will look to strengthen its ties with banks and corporates by leveraging Stride’s network. ....

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Sequoia Holdings says employees can draw part of salary in cryptocurrencies

Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to. ....

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Sequoia's Doug Leone has renounced his support for Trump

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Billionaire VC Doug Leone was once one of Trump s strongest supporters in Silicon Valley, donating over $100,000 to his 2020 reelection campaign.
He told Insider he no longer supports the president after his role in inciting the riots on Capitol Hill last week.
After last week s horrific events, President Trump lost many of his supporters, including me, Leone wrote in a statement, adding that he believed the president was responsible for inciting the riots.
Billionaire venture capitalist Doug Leone was, until recently, one of Silicon Valley s staunchest Trump supporters. Now, the managing partner at the prestigious venture firm Sequoia has abandoned him. ....

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Woman faces drug, weapons charges after Glen Carbon incident

Woman faces drug, weapons charges after Glen Carbon incident
Scott Cousins, scousins@thetelegraph.com
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EDWARDSVILLE A Collinsville woman is facing drug and weapons charges after being arrested by Glen Carbon Police on Jan. 10.
Natasha N. Theis, 37, was charged Jan. 11 with unlawful possession with intent to deliver methamphetamine, a Class X felony, and the Class 2 felonies of unlawful possession of weapons by a felon and unlawful possession with intent to deliver a controlled substance.
The case was presented by the Glen Carbon Police Department.
According to court documents, on Jan. 10 Theis was found to be in possession of between 15-100 grams of methamphetamine and also possessed Alprazolam with intent to deliver. She also had a Taser while on parole for unlawful possession of controlled substance. ....

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EdTech platform Kyt raises $5 million in Series A funding round

EdTech platform Kyt raises $5 million in Series A funding round
Kyt also plans to use the funds raised for deeper investment in technology and product to enhance the overall experience of studentsPremium
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Kyt is the first Indian company to receive investment from Singapore-based January Capital
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Educational technology platform Kyt on Wednesday raised $5 million in a Series A funding round. The investment is led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. Sequoia Capital India’s Surge, January Capital, Titan Capital and other angel investors also participated in the round. Kyt is the first Indian company to receive investment from Singapore-based January Capital, the company said in a statement. ....

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