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Lenskart raises $100 million in Series-I funding and may close the round at a valuation of $5 billion-thumnail

Lenskart raises $100 million in Series-I funding and may close the round at a valuation of $5 billion

The company is expected to be valued at $5 billion, nearly double the $2.5 billion valuations at which the funds were raised. Lenskart, an omnichannel eyewear retailer, has raised Rs

Industry

Apr 14, 2022

WhatsApp Receives NPCI Approval to Expand Indian Payments Service to 100 Million Users-thumnail

WhatsApp Receives NPCI Approval to Expand Indian Payments Service to 100 Million Users

Previously, WhatsApp was only permitted to offer its payment service to 40 million Indian users. According to two sources familiar with the matter, Meta Platforms’ WhatsApp has received regulatory approval

Industry

Apr 14, 2022

Pine Labs acquired a majority stake in Mosambee, now valued at $100 million-thumnail

Pine Labs acquired a majority stake in Mosambee, now valued at $100 million

 As a result of Pine Labs’ investment, Mosambee is now valued at over $100 million. On April 13, Pine Labs announced a large majority investment in Mosambee, a fast-growing end-to-end

News

Apr 13, 2022

Ex-Twitter Shareholders are suing Elon Musk for the delay in disclosing their stake-thumnail

Ex-Twitter Shareholders are suing Elon Musk for the delay in disclosing their stake

Former shareholders led by Marc Rasella claimed that the delayed disclosure allowed Musk to purchase more Twitter shares at lower prices while duping them into selling at “artificially deflated” prices.

News

Apr 13, 2022

Mastercard Suggestions Metaverse Venture, Files for 15 Related Trademarks-thumnail

Mastercard Suggestions Metaverse Venture, Files for 15 Related Trademarks

Founded in 1966, Mastercard is gearing ready to now offer virtual events, with guests present as avatars in the metaverse. According to recent filings at the United States Patent and

Industry

Apr 12, 2022

Ashneer Grover’s investment in this Kerala-based banana chip manufacturer yielded a threefold profit-thumnail

Ashneer Grover’s investment in this Kerala-based banana chip manufacturer yielded a threefold profit

Following a series of controversies surrounding his removal from BharatPe, Ashneer Grover recently met with Kerala-based businessman Manas and posted a picture of their meeting on social media. Manas’ banana

Industry

Apr 12, 2022

India’s ‘Unicorn Couple’ Aim for First Startup IPO Within A Year-thumnail

India’s ‘Unicorn Couple’ Aim for First Startup IPO Within A Year

The founders of OfBusiness, Ruchi Kalra, 38, and Ashish Mohapatra, 41, met while working for McKinsey & Co. An Indian pair who became the country’s first husband and wife to

Industry

Apr 12, 2022

Ola CEO Bhavish Aggarwal to devote more time to engineering and product development, while GR Arun Kumar will oversee operations-thumnail

Ola CEO Bhavish Aggarwal to devote more time to engineering and product development, while GR Arun Kumar will oversee operations

Ola was last valued at $7.3 billion after raising $139 million in a Series J financing. Bhavish Aggarwal, the founder, and CEO of Ola will take a step back from

Industry

Apr 12, 2022

Elon Musk has decided not to join the Twitter board of directors, according to CEO Parag Agrawal-thumnail

Elon Musk has decided not to join the Twitter board of directors, according to CEO Parag Agrawal

Elon Musk remains Twitter’s top shareholder, according to Agrawal. Elon Musk will not join Twitter’s Board of Directors, as stated last week. Twitter CEO Parag Agrawal started late Sunday night

Industry

Apr 11, 2022

The Ola board of directors has approved the acquisition of Avail Finance, supported by founder Bhavish Aggarwal’s brother; Ankush Aggarwal-thumnail

The Ola board of directors has approved the acquisition of Avail Finance, supported by founder Bhavish Aggarwal’s brother; Ankush Aggarwal

The merger occurs as the SoftBank-backed firm, which was planning to list on the public markets this year, now plans to raise a new round of funding at a lower

Industry

Apr 11, 2022

With BMW cars, Kissflow Inc. rewards its senior executives’ loyalty-thumnail

With BMW cars, Kissflow Inc. rewards its senior executives’ loyalty

According to KissFlow Inc CEO Suresh Sambandam, the five employees have been with him since the company was founded and have stayed with him throughout its journey. Loyalty is always

Industry

Apr 11, 2022

Uber brings kaali-peeli taxis back to Mumbai-thumnail

Uber brings kaali-peeli taxis back to Mumbai

The emergence of ride-sharing in India has angered taxi drivers, leading a number of unions to go on strike in protest over the loss of income. Uber India is restarting

Industry

Apr 11, 2022


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