BUSINESS
Tiger Global leads $144 million funding round in DealShare
With this, DealShare has raised a total funding of $183 mn to date, pegging its valuation at $455 million, post-money.
BUSINESS
IT major Cognizant sees two more top level exits
The company's senior executives Arun Baid, who was leading global delivery for banking and financial services vertical, and Dan Smith, who was chief security officer, left the firm recently.
BUSINESS
Exclusive: Policybazaar aims to file DRHP for IPO in July, eyes $4-5 billion valuation
Policybazaar is planning to file its draft documents to go public in July, a key step in a historic internet IPO. It is seeking a valuation of $4-5 billion, more than previously reported, and a result of investor excitement. The Yashish Dahiya-led insurance marketplace also got a brokerage licence recently, expanding its horizons.
BUSINESS
Exclusive: Swiggy COO Vivek Sunder to step down, founder Sriharsha Majety will oversee role
Sunder, who joined Swiggy three years ago, is a veteran from the FMCG space and was also the public face of the organisation, as it bet big on its online grocery service Instamart and its on-demand delivery service Genie.
BUSINESS
Exclusive | Michael Burry should have retired right after The Big Short: Aswath Damodaran
Burry, who correctly called and profited from the subprime mortgage crisis of 2007- 08, recently warned retail investors about "the mother of all crashes"
BUSINESS
Done Deal! IPO-bound Zomato invests $120 million in Grofers
With this investment, Grofers will turn a unicorn, a term used to describe privately funded technology startups that have a valuation of a billion dollar and above.
BUSINESS
EXCLUSIVE | Bitcoin has not just failed, it's failed miserably: Valuation guru Aswath Damodaran
A good currency is the one that is used to buy things and on that count, bitcoin has failed, says Damodaran.
BUSINESS
Exclusive Interview | COVID-19 behind us, inflation will have big influence on how markets behave: Aswath Damodaran
The 'Dean of Valuation', Professor Aswath Damodaran said he's an optimist on India in the long term and views it as a growth story. But added that it requires a lot more work to realise its immense potential. In terms of sectors, Professor Damodaran believes healthcare and retail are ripe for disruption.
BUSINESS
From daughter of Punjabi immigrants to Vimeo CEO: Anjali Sud wants to reimagine the future of video
Vimeo CEO Anjali Sud said the video software provider will invest more in India, with its Bengaluru office likely to be its biggest outside its headquarters in the US.
TRENDS
RIL AGM 2021: Mukesh Ambani launches JioPhone Next; Jio-Google tie up for 5G
"We need an ultra-affordable 4G smartphone needed to make India 2G mukt", RIL chairman Mukesh Ambani said at the 44th RIL AGM 2021
BUSINESS
Jitendra Gupta’s neobank Jupiter wants to be Swiggy for banking: Will it work?
Jitendra Gupta's neobank Jupiter has got 30,000 sign ups in its first three weeks, an encouraging response for one of India's biggest startup bets by the fintech veteran. Moneycontrol looks at Gupta's plan and what does a Swiggy-for-banking experience entail.
BUSINESS
CoWin platform is scalable, can take up to 2 crore vaccinations a day, momentum here to stay: RS Sharma
RS Sharma, who heads the committee for India's Covid-19 vaccine delivery tech platform Co-WIN, said India is on track to inoculate its adult population by the end of the year, and that the platform can be repurposed for all kinds of vaccination in India.
BUSINESS
Why Indian IT struggles with India government projects
Industry executives Moneycontrol spoke to said factors like undefined scope, inflexible milestones, delay in payment, and lack of ownership from government are some of the reasons.
BUSINESS
IPO-bound Zomato's $100-120 million investment in Grofers enters last lap
IPO-bound food delivery platform Zomato is pressing ahead with its long-held plan to purchase a stake in Grofers, its $100-120 million investment in the online grocery startup at a valuation of a billion dollars entering the last lap and an announcement imminent in the next few weeks, said people familiar with the development.
BUSINESS
Rebuilding India: KV Kamath, Kiran Mazumdar-Shaw, Manish Sabharwal share their blueprint for recovery
India Inc's most respected leaders share their thoughts on how India can return to the path of recovery and march toward its ambitions of becoming a $5 trillion economy by 2025.
TRENDS
CureFit’s Mukesh Bansal, Hari Menon of BigBasket join Tata-acquired 1MG board
Ankur Verma, a senior vice-president in Tata Sons' chairman's office will also join the board of the digital health platform.
BUSINESS
Finance Ministry to meet Infosys on issues related to new Income Tax portal
The meeting comes days after Finance Minister Nirmala Sitharaman raised concerns on tech glitches and grievances on the newly launched e-filing portal.
BUSINESS
PhonePe files complaint with Sebi against Ventureast fund over Indus OS
The Sebi complaint in India is in addition to a lawsuit that PhonePe has already filed against Ventureast and Affle in the Singapore High court.
TRENDS
Flipkart to conduct pilot to deliver vaccines by drone in Telangana
As part of the ‘Medicines from the Sky’ project, the e-commerce giant will use learnings from its supply chain to deploy drones and enable deliveries of medical supplies.
BUSINESS
Byju’s-owned WhiteHat Jr will launch music, science & English classes
Karan Bajaj shot into prominence in August last year when he sold his then 20- month-old startup, WhiteHat Junior, to Byju’s for $300 million. In this interview with Moneyconrol’s Editor (Tech), Chandra R Srikanth, he talks about his international plans, how WhiteHat Jr has evloved over the years, where edtech platforms fail and succeed and more.
BUSINESS
Tata Digital to buy majority stake in pharma app 1MG
The 1MG deal comes weeks after Tata Digital bought BigBasket and announced an investment in CureFit.
BUSINESS
From diamond factory worker’s son to founder of $10 billion crypto venture: The story of Jaynti Kanani and Polygon
Polygon shot into the limelight a couple of weeks ago when it announced an investment by billionaire Mark Cuban, star of the TV show Shark Tank
BUSINESS
SoftBank and Swiggy seek CCI approval for investment
Moneycontrol had reported in April that SoftBank will invest $450-500 million in Swiggy at a post-money valuation of close to $5.5 billion.
BUSINESS
Exclusive | Ad-free search engine Neeva to launch in India next year: CEO Sridhar Ramaswamy
In an interview with Moneycontrol from the US, Ramaswamy spoke about why he wants to reimagine the future of search, if the subscription-driven model will work and his plans for India.
