Advertisements The marketplace arm of Flipkart, Flipkart Internet, has secured $90 million from its Singapore-based parent entity. According to the regulatory filing, the decision was approved by the company’s board of directors on December 29, last year. Two entities, Flipkart… Read More ›
Advertisements Elon Musk’s SpaceX is raising $750 million in a new round of funding valued at $137 billion from investors including Andreessen Horowitz, according to media reports. According to Reuters, SpaceX was in talks in November about an offering of… Read More ›
Advertisements IvyCap Day puts impetus on unprecedented challenges, highlights the growing impetus of value creation over valuation IvyCap Ventures, one of India’s leading homegrown venture capital funds managing the largest funds’ Assets Under Management USD 530 Mn (INR 4200 Cr+),… Read More ›
Advertisements Masayoshi Son, Founder and CEO of Japanese investment group Softbank, on Monday warned unicorns and startups to prepare for a harsh and longer funding winter ahead, as the company posted disastrous results for the second straight quarter this year…. Read More ›
Advertisements FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest in the South Asian market to join the unicorn club following a new round of funding. Singapore’s Temasek, one of… Read More ›
Advertisements Digital financial services firm Paytm’s loan disbursement jumped nearly nine-fold to Rs 5,554 crore through 84.78 lakh transactions in the April-June quarter, reaching an annualised run rate of Rs 24,000 crore, the company said in a BSE filing. The… Read More ›
Advertisements As startups in India keep firing their staff to navigate through the ‘funding winter’ and more than 60,000 can lose their jobs in 2022 alone, the country is preparing to welcome 200 unicorns in the next four years. As… Read More ›
Advertisements Despite the ongoing ‘funding winter’ which can impact start-up valuations, the number of unicorns or startups valued at over USD 1 billion will grow by 122 to cross the 200 companies mark in the next four years, a report… Read More ›
Advertisements Shares of India’s Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company’s deal to buy local grocery delivery startup Blinkit. The Ant Group-backed food… Read More ›
Advertisements Online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU’s umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned after being asked to return to office in April-May. This time, most… Read More ›
