Advertisements The share price of food and grocery delivery platform Zomato closed at Rs 77.57 on the BSE Sensex on Friday, after reaching a 52-week high of Rs 77.95 throughout the day. As a result, Zomato’s share price has closed… Read More ›
Knowledge Series
RBI Issues Guidelines For Default Loss Guarantee
Advertisements The Reserve Bank of India has introduced a 5 per cent cap on the first loan default guarantee (FLDG) that fintechs provide to their lending partners. The central bank stated in a notification released on Thursday that regulated enterprises… Read More ›
Byju’s Faces Deadline For Repayment Of $40mn Loan: Report
Advertisements According to media reports, Byju’s, India’s most valuable startup, expects to make a quarterly interest payment of around USD 40 million on a loan that has been at the focus of the embattled firm’s financial woes. The edtech company… Read More ›
Aurum PropTech Acquires 100% Stake In NestAway
Advertisements Aurum PropTech (previously Majesco), on Friday, approved the acquisition of up to a 100 per cent share in NestAway Technologies for up to Rs 90 crore. According to a statement Aurum PropTech acquired HelloWorld from NestAway in June of… Read More ›
Cred-owned Happay Lays Off 35% Employees
Advertisements Fintech unicorn CRED-owned Happay has reduced its workforce by approximately 35 per cent, according to media reports. On May 12, 2023, teams were informed about the restructuring by their respective managers in the company. According to Happay’s LinkedIn profile,… Read More ›
Neuberger Berman Cuts Pine Labs, PharmEasy Valuation
Advertisements Neuberger Berman, a US investment firm, has reduced the value of its stakes in Api Holdings, the parent company of Pharmeasy, and fintech a behemoth Pine Labs. PharmEasy and Pine Labs join the likes of Ola, BYJU’S, Oyo, and… Read More ›
SoftBank Invests $3.14b Across Its Two Funds In FY23
Advertisements SoftBank Group Corp, which has backed Delhivery, Paytm, and Ola, invested only around USD 3.14 billion across its two primary funding vehicles in the fiscal year 2022-2023, a considerable decrease from the USD 44.26 billion invested the previous year…. Read More ›
Bjyu’s Secures $250mn At Flat Valuation Of $22b
Advertisements BYJU’s has reported raised USD 250 million in fresh funds using structured instruments at a flat valuation of USD 22 billion. According to media sources, the funds were raised by the edtech startup from the New York-based investment firm… Read More ›
Paytm Shares Plummets Over 3% After SoftBanks Sells 2% Stake
Advertisements One 97 Communications shares tumbled more than 3 per cent on Thursday after SoftBank said it sold a 2.07 per cent stake in the fintech platform in a series of open market transactions since February 2023 to comply with market regulator… Read More ›
K’taka Polls: Congress Promises Startup Friendly Initiatives And Subsidies
Advertisements After the Bhartiya Janta Party’s (BJP) promise of establishing a Rs 5,000 crore fund of funds, the Indian National Congress (INC) released its manifesto on Tuesday, which promises a slew of steps to support the startup ecosystem across the… Read More ›