Transport-tech startup Chalo has bagged a complete of $45 million in a brand new fairness spherical. The Collection D funding spherical was led by Avataar Ventures – a brand new investor – and included the participation of present investor Lightrock, Waterbridge, former Google government Amit Singhal, and others. Moreover, Chalo bagged an extra $12 million … [Read more…]
In a dramatic flip of occasions, Byju’s Alpha has discovered itself embroiled in a contentious authorized battle with lenders. Accusations of monetary impropriety have come to mild, as lenders allege that Byju’s Alpha intentionally hid a considerable sum of $500 million. The courtroom drama unfolded throughout a court docket listening to in Delaware, the place … [Read more…]
Amid the present largely depressed international macro-economic state of affairs, tech startups are dealing with a fair intensified strain. Gone are the merry money-guzzling days, with even the riskiest of buyers now pushing startups for all-in profitability. Zomato isn’t any unusual to that strain, specifically submit its wobbly IPO, and evidently strain is bringing in … [Read more…]
Leveraging the fintech phenomena that India’s UPI has come to be identified globally, a number of on-line commerce platforms at the moment are shortly lining as much as create their very own UPI-based cost options for their very own in addition to different cost companies by means of their platforms. Whereas Walmart-owned Flipkart is rumoured … [Read more…]
Vanguard, one of many lead backers behind Indian ride-hailing large Ola, has marked down the worth of its shares within the firm by practically 35%. The identical was highlighted by the funding agency in its semi-annual report back to buyers. As per these filings, Vanguard has marked down the worth of its shares to $33.8 … [Read more…]
US-based fund supervisor Invesco slashed the valuation of meals supply aggregator Swiggy. In a regulatory submitting by Invesco within the US, the fund supervisor famous that it slashed Swiggy’s valuation to $5.5 billion. In response to the filings with the Safety and Alternate Fee (SEC), Invesco has valued Swiggy’s shares at $3,305 as of January … [Read more…]
World provide chains, throughout sectors, throughout industries, haven’t remained the identical on this submit COVID world. And despite the fact that most issues would possibly appear to have returned to “regular”, there have been some everlasting disruptions made to world provide chains, specifically in manufacturing, that appear removed from regular. Pando, which has developed an … [Read more…]
Logistics agency Xpressbees has nabbed $40 million after Malaysian sovereign wealth fund, Khazanah Nasional Berhad acquired a stake within the agency in a secondary share sale. In an official launch, Xpressbees mentioned that this funding was made via a secondary share sale by Elevation Capital, an early investor within the eight-year-old third-party logistics supplier. As … [Read more…]
Hospitality main OYO turned money circulate constructive for the primary time, famous founder Ritesh Agarwal on Thursday. The decacorn managed to realize this within the fourth quarter of FY 2023 and is slated to finish the quarter with a surplus money circulate of ₹90 crores. Addressing an inside city corridor, Agarwal shared the replace with … [Read more…]
Workspace interiors startup OfficeBanao has secured $6 million in all-equity seed funding. In line with media experiences, the startup nabbed a contemporary infusion of capital from multi-stage VC fund Lightspeed on Tuesday to maintain on the spectacular traction it has gained, within the extremely aggressive workspace inside market in India. “OfficeBanao is a mission-driven firm, … [Read more…]