Browsing Category

Startups

4533 posts

Singapore logistics startup Ninja Van picks up $279M from B Capital among others

Ninja Van, the Singapore based logistics startup that specialises in express ecommerce…

Tokopedia, Indonesia’s largest ecommerce platform, probes alleged data leak of 91 million users

Indonesian e-commerce unicorn Tokopedia allegedly uncovered an attempt to breach of its…
UberEats

Uber Eats to discontinue operations in seven markets, transfers UAE ops to Careem

Uber has announced that it is completely ceasing operations of its food-delivery…

[UPDATE: Confirmed] Intel in talks to buy Israeli public transit app Moovit: Report

UPDATE: Intel has confirmed the acquisition. However, against the $1 Billion figure that…

Byju’s raising fresh capital at a $10B valuation: Report

One sector that has seen unprecedented surge in growth and usage during…

Chinese EV startup NIO announces $1Bn fundraise from a group of state-owned companies in China

NIO, the now embattled Chinese electric vehicles startup that was once considered…

VC funding in India barely passes the $2 billion mark in Q1 2020: KPMG report

It’s no secret that the world economy is reeling under coronavirus’ impact.…

Sequoia announces third cohort of its ‘Surge’ accelerator program, goes online only this time

Sequoia Capital has announced the third cohort of its India-based accelerator program,…
ShareChat Jeet11

Twitter-backed regional social media network ShareChat acquires meme sharing app Memer

If you thought making memes did not pay anything, you’d have to…

Vedantu grabs another $7 million as part of an extended Series C round

Edtech platforms have emerged as one of those rare sectors, which have…

Uber has disbursed COVID-19 grants to 55,000 drivers in India through its Uber Care Drivers Fund

Uber’s ‘Uber Care Driver Fund’, an INR12.5 crore (~$1.6Mn) COVID-19 relief fund…

Gojek has acquired Indonesian POS and payment services startup Moka in a $130M deal: Bloomberg

Fresh off from an industry-defying $1.2 Billion fundraise, Indonesia’s most valuable startup…
Oyo

OYO reportedly cutting salaries for all employees by 25%, internal memo reveals

Fresh from a lay-off, OYO has now reportedly announced 25% salary cuts…
Swiggy

Swiggy to lay off hundreds from its cloud kitchens business

The catastrophic economic impact of coronavirus pandemic has led to unprecedented layoffs…
Paytm logo on a tent roof

Paytm says its Payments Bank deposits have now crossed ₹1000 crores, introduces Direct transfer of subsidies

Paytm Payments Bank Ltd., a subsidiary of Indian digital payments giant Paytm,…

Y Combinator confirms a remote-only Summer 2020 batch

In what was already hinted a while back, Y Combinator has announced…

UK government sets up £250 million ‘Future Fund’ to bail-out coronavirus impacted startups using public money

The U.K. government today announced a bailout package for “high-growth” startups across…

India withdraws permission to ecommerce companies for delivering non-essential goods during coronavirus lockdown

In a move that could act as a body blow to some…

India’s new FDI policy requires govt. approval for all Chinese investment in Indian companies, including startups

In a move that is aimed at restricting “opportunistic investments” from Chinese…

Conversational AI startup Yellow Messenger lands $20 million in Series B

Bengaluru-based conversational AI startup Yellow Messenger has landed a $20 million funding…