MUMBAI: Zone Startups, the accelerator brandof Toronto-based Ryerson Futures, in partnership with BSEInstitute has partnered with Barclays, to manage their RISEaccelerator program in Mumbai.

Over the past two years, Zone Startups India has builta portfolio of 78 startups, of which nearly 30 have raisedcapital from former angel investors and venture capital funds.

Recruitment process for the RISE Accelerator wouldcommence in early July.

L'Oreal launches global haircare brand 'Garnier Ultra Blends'*L'Oreal, as part of its worldwide roll-out, has announcedthe launch of a gentle, paraben-free range of shampoos underthe brand 'Garnier Ultra Blends'.

This range of shampoos, conditioners and treatmentsoffers natural blends, and is customised for Indian hair byL'Oreal's Research and Innovation Center in Mumbai, thecompany said in a statement.

Lok Capital closes Fund-III at USD 40.5 mn*Impact investment fund Lok Capital today announced thefirst close of Lok Fund-III at USD 40.5 mn.

This, along with Lok Capital's Fund-I and Fund-II,will bring the total capital under management to over USD 125mn, the fund said in a statement here.

Fund-III has a total target corpus of around USD 100 mnand is expected to close in the next 12-18 months.

The fund will be deployed in the next five years and willfocus on growth stage investments in financial services,healthcare, agriculture and livelihood, it said in astatement.

While the average tranche per investment will rangebetween USD 2-10 mn, Lok Capital will continue to collaboratewith Limited Partners for joint investment in larger deals, itsaid.

Ransomware concerns set to intensify globally: EY*To mitigate businesses falling prey to cyber criminals,EY Fraud Investigation and Dispute Services has launched aRansomware defence and remediation tool (Radar 360) which isdirected at protecting digital assets including computers andlaptops, the company said today.

Managed by its forensic technology and discovery servicesarm, the solution not only mitigates potential attacks, butalso helps in recovering encrypted data, without paying offthe ransom, if an incident has already taken place.

Ransomware is a variety of malware which is targeted toextort money primarily through crypto currencies such asBitcoins, by locking computers and data. 

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