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Nikkei acquires stake in Delhi-based financial news startup NewsRise

Japan’s Nikkei Inc that owns the Financial Times, has acquired a 25.99% stake in Delhi-based financial news startup NewsRise for an undisclosed amount.

Established in 2013, NewsRise will now expand its footprint in Asia. Currently, it has news bureaus in Mumbai, New Delhi, Kolkata, and Bengaluru. Of late, Nikkei had acquired a majority stake in Singapore-based tech media website DealStreetAsia. (Source)

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