Advertisements Electric vehicle startup Baaz Bikes has raised USD 8 million in a funding round led by BIG Capital of Singapore. Rakuten Capital, the venture capital arm of Japan-based Rakuten Group and existing investors Kalaari Capital, 9Unicorns and Sumant Sinha… Read More ›
Advertisements In a surprising turn of events, Sam Altman will not be returning as the CEO of OpenAI, despite efforts from the company’s executives to persuade him. According to media reports, Altman’s dramatic departure is linked to conflicts with the… Read More ›
Advertisements TVS Capital Funds, a leading rupee capital growth PE fund manager, has appointed Ramesh Iyer as a Board Member. Iyer will be a valuable addition to the TVS Capital Funds board. As the Vice-Chairman and MD of Mahindra Finance,… Read More ›
Advertisements Bengaluru-based SaaS unicorn Leadsquared had a total loss of Rs 161.19 crore in the financial year 2022-23 (FY23), compared to a loss of Rs 61.94 crore in the previous year. The company’s total revenue increased from Rs 200.57 crore… Read More ›
Advertisements Snapdeal-owned Unicommerce, a company that enables ecommerce services, is preparing to go public in the second half of 2024, as per media repots. Reports further added that the company have started the book-building process and have enlisted CLSA as… Read More ›
Advertisements Edtech company PhysicsWallah has laid off 120-150 employees, according to media reports. PhysicsWallah, founded in 2016 by Alakh Pandey and later joined by Prateek Maheshwari, offers online and offline courses, as well as study materials for various competitive exams… Read More ›
Advertisements The National Payments Corporation of India (NPCI) has asked banks and payment apps to deactivate unused UPI IDs and numbers by the end of this year. This is because some customers change phone numbers without updating their bank account… Read More ›
Advertisements The net loss of investment tech startup Jar increased by almost 77 per cent in the financial year (FY) 2022-23, despite a significant rise in revenues. The operating revenue jumped by over 1,000 per cent during the period. Jar… Read More ›
Advertisements According to news agency PTI, the Department for the Promotion of Industry and Internal Trade (DPIIT) has received requests from ecommerce platforms to allow foreign direct investment (FDI) in inventory-based ecommerce platforms that export goods. Currently, FDI is only… Read More ›
Advertisements Following two weeks of strong funding growth, the startup ecosystem experienced a significant decline in the third week of November. Between 13 to 18 November, startups collectively raised USD 44 million across 10 deals, marking a 72 per cent… Read More ›
