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<strong>SoftBank backed Unacademy to layoff 10% of its workforce in another round of layoffs.</strong>-thumnail

SoftBank backed Unacademy to layoff 10% of its workforce in another round of layoffs.

In an internal note in July, Munjal had said the firm has more than Rs 2,800 crore in the bank, but the organisation was not efficient at all. “We spent

Education

Nov 8, 2022

<strong>Oyo founder Ritesh Agarwal receives more lenient conditions for a share buyback in 2019</strong>-thumnail

Oyo founder Ritesh Agarwal receives more lenient conditions for a share buyback in 2019

Due to a $850 million write-off, the revised conditions now have a decreased quasi-equity component of $950 million instead of the previous $1.8 billion. According to those with knowledge of

Industry

Nov 8, 2022

<strong>Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc</strong>-thumnail

Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc

Agnikul’s pre-money valuation has zoomed 5x to $180 Mn, the sources added. Agnikul’s last reported valuation was $35 Mn when it raised $11 Mn in its Series A funding round

Industry

Nov 8, 2022

Social startups: Business bringing change in India-thumnail

Social startups: Business bringing change in India

Many startups today are contributing to the betterment of society. There are over 400 social startups in India, and the number is growing by 20 percent annually. Muhammad Yunus was

Industry

Nov 7, 2022

Bizongo appoints Tushar Kamat as Chief Commercial Officer-thumnail

Bizongo appoints Tushar Kamat as Chief Commercial Officer

Supply chain automation platform Bizongo has hired Tushar Kamat, former Managing Director of Accenture and CEO of Airtel Business, as Chief Commercial Officer. Bizongo is developing a B2B e-commerce and

Industry

Nov 2, 2022

<strong>Foodtech Unicron Rebel Foods raises $12.5 Mn in funding.</strong>-thumnail

Foodtech Unicron Rebel Foods raises $12.5 Mn in funding.

Set up in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates 45 cloud kitchens including Faasos, Behrouz Biryani, The Good Bowl, Sweet Truth, Ovenstory Pizza, and Mandarin Oak,

Industry

Nov 2, 2022

Saas unicorn Icertis raises $150 Mn from US-based “Silicon valley Bank”-thumnail

Saas unicorn Icertis raises $150 Mn from US-based “Silicon valley Bank”

Founded in 2009 by Monish Darda and Samir Bodas, Icertis offers enterprise contract management solutions to companies across the globe. Icertis said it’s Icertis Contract Intelligence (ICI) helps businesses structure

Industry

Nov 1, 2022

DCX systems IPO to opens for subscription today; GMP Rs. 75 today-thumnail

DCX systems IPO to opens for subscription today; GMP Rs. 75 today

As per market observers, DCX Systems shares are commanding a premium (GMP) of ₹75 in the grey market today. The shares of the company are expected to list on stock

Industry

Oct 31, 2022

Sequoia planning to invest $50Mn in Phygital Edtech startup K12 techno-thumnail

Sequoia planning to invest $50Mn in Phygital Edtech startup K12 techno

Incorporated in 2010, K12 Techno Services operates four subsidiaries that offer niche products in categories such as school management platform and schools. It operates a clutch of products, targeting students

Education

Oct 26, 2022

Due to higher ESOP costs, Unacademy’s losses nearly double to Rs 2,848 crore in FY22-thumnail

Due to higher ESOP costs, Unacademy’s losses nearly double to Rs 2,848 crore in FY22

Unacademy, on the other hand, reported an increase in operating revenue of more than 80% to Rs 719 crore from Rs 398 crore the previous year. Its total income increased

Education

Oct 25, 2022

These three businesses are also run by Rishi Sunak’s billionaire wife. Examine it.-thumnail

These three businesses are also run by Rishi Sunak’s billionaire wife. Examine it.

On LinkedIn, Akshata Murty is listed as the director of three companies. We explain what these businesses do and what Murty’s role is in them. Akshata Murty, the wife of

Industry

Oct 25, 2022

Nykaa shares have fallen below the IPO issue price; Delhivery is trading near its 52-week low.-thumnail

Nykaa shares have fallen below the IPO issue price; Delhivery is trading near its 52-week low.

Nykaa stock was listed in November of last year, and it has dropped more than 52% since then. Shares of FSN E-Commerce Ventures, the parent company of cosmetics-to-fashion retailer Nykaa,

Industry

Oct 25, 2022


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