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Startups

4480 posts

Byju’s sues ‘hawkish, predatory’ lenders over $1.2B term loan, cancels any future payments till resolution

EdTech giant Byju’s has recently filed a lawsuit against its lenders concerning…

Byju’s says it will aim for an IPO for test-prep arm Aakash in 2024

Aakash, the offline test preparation giant that Byju’s acquired in 2021 for…

T. Rowe Price slashes value of its stake in Canva by 67.6%

Adding to the slew of tech startup valuation markdowns, global investment management…
Byju's

Byju’s valuation gets a 62% mark down from Blackrock, now valued at $8.4Bn

In a sign of the intensifying funding winter and challenging macroeconomic conditions,…

Ola announces ‘Prime Plus’, comes with ‘top cars’ and ‘no cancellations’

Ola, the other major cab aggregator in India apart from Uber, is…

After Housing, Info Edge writes off its entire investment in Bijnis

With the Indian startup ecosystem, starting to show signs of devaluations amid…

Chalo nabs $45 million in Series D as it looks to expand its public transport offering

Transport-tech startup Chalo has bagged a total of $45 million in a…
Byju's

Byju’s Alpha sued, faces accusations of hiding $500Mn in funds, Byju’s denies

In a dramatic turn of events, Byju’s Alpha has found itself embroiled…
Zomato

Zomato says it turned EBITDA positive in Q4 FY23, narrows loss to ₹188 crores

Amid the current largely depressed global macro-economic scenario, tech startups are facing…
Zomato

Zomato launches its own UPI platform for in-app payments, others expected to follow suit

Leveraging the fintech phenomena that India’s UPI has come to be known…

Invesco cuts Swiggy’s valuation by nearly half to $5.5 Billion

US-based fund manager Invesco slashed the valuation of food delivery aggregator Swiggy.…

Pando raises $30Mn in Series B for its AI-powered logistics platform that eases supply chain disruptions

Global supply chains, across sectors, across industries, haven’t remained the same in…

Xpressbees gets $40Mn from Malaysian sovereign wealth fund Khazanah Nasional

Logistics firm Xpressbees has nabbed $40 million after Malaysian sovereign wealth fund,…

IPO-bound OYO reportedly turned cashflow profitable in Q4 2023

Hospitality major OYO turned cash flow positive for the first time, noted…

OfficeBanao, a platform that helps design office spaces, nabs $6 million in fresh fundraise

Workspace interiors startup OfficeBanao has secured $6 million in all-equity seed funding.…

Oyo slashes IPO size by half, files a revised ‘pre-filing’ document with SEBI: Report

Oravel Stays, the parent firm of Softbank-backed hospitality decacorn Oyo, has pre-filed…
PhonePe Flipkart

Flipkart-parent Walmart puts $200Mn in digital payments major PhonePe

Fintech major PhonePe has secured an additional $200 million from its parent…