Advertisements Young Entrepreneurs Association (YEA) of Hyderabad, on Friday evening unveiled its logo. The association also introduced a startup fund with an initial corpus of USD 5 crore, and plans are in place to expand its scale in the future…. Read More ›
Investment
Byju’s To Sell Epic, Great Learning To Raise Over $800 Mn: Report
Advertisements According to media reports, Byju’s is selling its assets Epic and Great Learning in order to raise USD 800 million to USD 1 billion in cash. This will help them meet their commitment to clear a USD 1.2 billion… Read More ›
Prosus CEO Bob Van Djik Steps Down
Advertisements Bob van Dijk, the Chief Executive Officer at global consumer internet firm Prosus and Naspers, has resigned after ten years. However, he will remain as a consultant to the Boards until September 30, 2024. After the resignation, Ervin Tu,… Read More ›
AngelList India, Others Invest $2.2 Mn In EquityList
Advertisements EquityList, a shareholder management platform, which was spun off from Naval Ravikant-founded AngelList’s India entity in January, has raised USD 2.2 million in its seed funding round from AngelList India, Hustle Fund, Unpopular Ventures, private investing platform Republic and… Read More ›
After Antfin’s Partial Exit, Vijay Shekhar Sharma Becomes SBO Of Paytm
Advertisements Paytm founder and CEO Vijay Shekhar Sharma is now the significant beneficial owner (SBO) of the fintech giant after Antfin reduced its stake last month. In a regulatory filing, Paytm shared that Antfin had reduced its ownership from 23.79 per… Read More ›
Apollo.io Raises $100mn In Series D Round, Becomes Unicorn
Advertisements Apollo.io, a business-to-business (B2B) sales and intelligence and engagement platform, has raised USD 100 million in a Series D funding round. The round was led by Bain Capital Ventures, with participation from existing investors Sequoia Capital, Tribe Capital, and… Read More ›
Reliance Industries To Foray Into Insurance Space
Advertisements Reliance Industries has announced its plans to enter the insurance segment through Jio Financial Services and expand its services using blockchain-based platforms and CBDC. JioAirFiber, a last-mile fiber connectivity service, will be launched to expand the company’s network. Reliance… Read More ›
Tax Authorities Probe FirstCry For Alleged Tax Evasion: Report
Advertisements The founder of FirstCry, Supam Maheshwari, is being investigated for alleged tax evasion of USD 50 million. The tax authorities are also looking into the equity transactions of at least six investors, including ChrysCapital Management Co and Sunil Bharti… Read More ›
Byju’s CBO, Two Other Senior Exec Resign Amid Ongoing Challenges
Advertisements Edtech company Byju’s has experienced the departure of three senior executives. The latest to leave are Pratyusha Agarwal, Chief Business Officer; Himanshu Bajaj, Business Head of Tuition Centre; and Mukut Deepak, Business Head of Classes 4-10 Online and Home… Read More ›
Former BharatPe COO Dhruv Bahl To Exit From The Venture
Advertisements According to media reports, Dhruv Bahl, the former chief operating officer (COO) of BharatPe, is set to exit the company in September. Bahl was recently redesignated as the chief business officer of the merchant lending division of BharatPe. Bahl’s… Read More ›