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BigBasket has reportedly raised $60 Mn in a bridge round to meet surge in demand

According to multiple unconfirmed media reports, online grocery platform BigBasket has reportedly…

Online quizzing platform Zupee bags $8 Million in Series A from Matrix India and others

Online skill-based gaming app Zupee, has announced raising of an $8 Million…
Oyo

OYO is laying off more in the US, citing coronavirus outbreak as the reason: Report

OYO, which is fresh off from some recent layoffs, is back to…

Airbnb announces $1 billion debt+equity fundraise, to focus on ‘Experiences’ and long-term stays

While the hospitality industry takes a beating due to the ongoing coronavirus…
Swiggy

Swiggy lands $43 Million as a part of Series I round from a group of Korean investors

Ever since India imposed a nationwide lockdown, e-commerce companies have found it…

Apple acquires AI speech recognition startup Voysis

Apple is making yet another acquisition, making it the second within this…
Oyo

OYO invokes “force majeure” clause, ceases all payments to partner hotels: Report

After OYO raised concerns over declining business last week, asking its partner…

India’s MyLab lands fresh investment to ramp up COVID-19 test kit production to 2 million units a week

COVID-19 cases have started to see an exponential rise in India, with…
UpGrad

upGrad appoints former BYJU’s exec Arjun Mohan as India CEO

Upgrad, the online learning platform focusing on short/medium term higher education courses,…

Tiger Global was on a share purchase spree in TikTok parent Bytedance since 2018, current valuation at around $90Bn: Report

In a testament to TikTok’s (and perhaps the short format video) popularity,…

Cancer diagnostics startup ‘SaScan’ raises undisclosed amount from Unicorn India Ventures

In tandem with its fund-raising announcement, Unicorn India is also announcing the…

Unicorn India Ventures announces first close of its ₹400 crore equity fund

In a positive news to the otherwise grim overall investment scene, India-based…
OneWeb

Softbank-backed satellite internet startup OneWeb files for bankruptcy

In a not-so-proud-to-be first for Softbank, one of its star portfolio companies,…

Ola CEO forgoes annual salary, company to put in ₹20 crores (~$2.6M) to support driver partners

Ola, India’s biggest ride hailing platform, has come up with another plan…

Marquee VC firms in India creating joint investment platform to bail out portfolio startups impacted by Coronavirus: Report

In a move aimed at bailing out some of India’s top venture…
Oyo

OYO warns partner hotels of disruption in payment cycle due to Coronavirus outbreak

It is no hidden truth, that the impact of ongoing COVID 19…

Streaming platform Hooq has filed for liquidation due to restricted growth

Hooq, a Singapore based streaming platform backed by Singapore Telecommunications limited, has…
Swiggy

Swiggy ready to use idle fleet for delivering essential commodities, COO Vivek Sundar says

Swiggy, one of the two Indian food delivery unicorns, has been having…

Ola seeks government relaxations for its drivers in the form of interest free loans and tax free ‘holiday’ periods

Ola, India’s biggest ride hailing service, wants the government to step in…

Flipkart is resuming grocery services after government clarification on functioning of ecommerce during lockdown

Flipkart, after suspending all of its operations earlier, is set to resume delivery…
didi

SoftBank close to investing $300 million in Didi Chuxing’s self driven vehicle unit

Softbank is looking to continue on its mega financing spree, despite significant…