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BYJU’S promises to repay lenders $1.2 billion in six months-thumnail

BYJU’S promises to repay lenders $1.2 billion in six months

the beleaguered edtech startup BJYU’S has given a repayment plan to its lenders. The education technology firm has promised to repay its whole $1.2 billion term loan in less than six months.

Finance

Sep 11, 2023

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn-thumnail

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn

Fintech startup Perfios, based in Bengaluru has recently secured an investment of $229 million, in its Series D funding round.

Business

Sep 11, 2023

Top 10 Mutual fund Startups in India-thumnail

Top 10 Mutual fund Startups in India

So are you also planning to invest in a top mutual fund? Looking for a trustable and leading startup in the industry?

Business

Sep 11, 2023

Chinese company Gotion High Tech acquires 25% stake in Slovakia’s Inobat EV battery startup-thumnail

Chinese company Gotion High Tech acquires 25% stake in Slovakia’s Inobat EV battery startup

Chinese battery manufacturer Gotion High Tech (002074.SZ) is purchasing a 25% interest in Slovak battery manufacturer Inobat and will provide supply chain and technology support, the firms announced on Thursday.

Business

Sep 1, 2023

Nikhil Kamath Invests: Zerodha Co-founder Nikhil Kamathplanning on increasing his stake in Nazara Technologies-thumnail

Nikhil Kamath Invests: Zerodha Co-founder Nikhil Kamathplanning on increasing his stake in Nazara Technologies

Nikhil Kamath, the founder of Zerodha has set a goal to increase his ownership, in Nazara Technologies, a platform that focuses on gaming and sports media.

Business

Sep 1, 2023

Resignation: WhiteHat Jr. CEO Ananya Tripathi resigns marking another senior-level exit at Byjus-thumnail

Resignation: WhiteHat Jr. CEO Ananya Tripathi resigns marking another senior-level exit at Byjus

Ananya Tripathi, who served as the CEO of WhiteHat Jr., a subsidiary of Byjus has reportedly chosen to resign while, on maternity leave.

Business

Aug 30, 2023

The Chinese company Xpeng is acquiring Didi’s smart EV unit for up to $744 million-thumnail

The Chinese company Xpeng is acquiring Didi’s smart EV unit for up to $744 million

The smart electric vehicle (EV) division of the world’s largest ride-hailing firm, Didi, will be acquired by the Chinese electric car startup Xpeng (9868. HK), according to the announcement. The two businesses will also establish a strategic alliance.

Automotive

Aug 28, 2023

PhysicsWallah Expands its Offline Presence and Announces the Opening of 26 New PW Vidyapeeth Centres-thumnail

PhysicsWallah Expands its Offline Presence and Announces the Opening of 26 New PW Vidyapeeth Centres

PhysicsWallah, an edtech unicorn, has announced the opening of 26 new PW Vidyapeeth facilities across India, as well as the introduction of scholarships worth INR 200 crore through its PWNSAT 2023 program (Physics Wallah National Scholarship cum Admission Test).

Business

Aug 26, 2023

Zepto raises $200 million and emerges as 2023’s first unicorn-thumnail

Zepto raises $200 million and emerges as 2023’s first unicorn

Zepto, an online grocery delivery service, secured $200 million in Series-E funding, valuing the business at $1.4 billion and elevating it to the status of 2023’s first unicorn.

Investment & Funding

Aug 25, 2023

Real money gaming startup Fantok suspends operations following 28% GST on gaming-thumnail

Real money gaming startup Fantok suspends operations following 28% GST on gaming

Fantok, a real money gaming startup, has temporarily ceased operations due to India’s new 28% GST on gaming startups.

Business

Aug 24, 2023

Education-focused lending startup GradRight secures INR 50 crore in funding-thumnail

Education-focused lending startup GradRight secures INR 50 crore in funding

GradRight, a company based in Mumbai has successfully raised INR 50 Cr, in Series A funding from IvyCap Ventures.

Investment & Funding

Aug 24, 2023

A Vietnamese internet startup files for an initial public offering in the US-thumnail

A Vietnamese internet startup files for an initial public offering in the US

According to a Securities and Exchange Commission filing, the Vietnamese internet startup VNG Corp (VNZ.HNO) has applied to conduct an initial public offering (IPO) in the United States through VNG Ltd.

News

Aug 24, 2023


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