BUSINESS
Tiger Global increases early-stage bets through its largest-ever VC fund
Tiger Global’s shift in its investment strategy comes a week after another aggressive tech investor SoftBank said it will go slow on investments.
BUSINESS
Multiples PE-led consortium to buy 9.3% in BDR Pharma for Rs 685 crore
BDR Pharmaceuticals will use the funds to build additional research and development capabilities in current and emerging areas
BUSINESS
Are 10-minute deliveries failing?
The much hyped yet disputed ‘10-minute delivery’ concept seems to have been relegated backstage with a new battle brewing among quick commerce and food-delivery players for delivery agents.
BUSINESS
Swiggy buys Times Internet’s restaurant tech platform Dineout
Swiggy did not disclose the size of the deal and said that Dineout would continue to operate as an independent app.
BUSINESS
73 of India’s 100 unicorns have at least one founder from IIT
A majority of India’s 100 unicorns, most of which were crowned unicorns only over the last two years, have founders with an IIT background.
BUSINESS
SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally
Compared to last year, the amount of new investment will be half or could be as small as a quarter, said the conglomerate's billionaire CEO Masayoshi Son
BUSINESS
BLinC Invest marks final close of second fund at Rs 100 crore
BLinC Fund II is BLinC Invest’s second early-stage venture capital fund and it will be deployed across edtech and fintech startups in India.
BUSINESS
SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe
According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter
BUSINESS
SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe
The result compared with a record 4.99 trillion yen profit a year earlier, when the boost from the listing of South Korean e-commerce firm Coupang saw SoftBank's earnings surpass global heavyweights including Warren Buffett's Berkshire Hathaway.
BUSINESS
FHRAI urges Sebi again to axe Oyo’s IPO
Oyo incurred losses of Rs 3,943.84 crore in 2020-21 (FY21), translating to a loss of over Rs 76,077 every minute, the FHRAI said.
BUSINESS
Byju’s-owned Great Learning buys Northwest Executive Education for $100 million
Northwest Executive Edcuation offers long format comprehensive programs by global educational institutions including MIT, UC Berkeley, Yale, UCLA, University of Chicago, National University of Singapore, among others.
BUSINESS
Byju’s buys Northwest Executive Education to strengthen higher education vertical
Byju’s bought the Singapore-based company through its wholly owned upskilling platform Great Learning, valuing Northwest Executive Education at a little less than $100 million, sources said.
BUSINESS
Zoho bets big on marketing automation with a new platform
Zoho Marketing Plus will provide a single, shared view of critical information to stakeholders across the marketing ecosystem, the company has said
BUSINESS
India’s three most profitable unicorns are promoter-owned
Zoho alone accounted for more than half of the combined profit of the three unicorns
BUSINESS
9Unicorns marks fifth close of its maiden fund at $100 million
Apart from Vedantu and ShipRocket, 9Unicorns has so far invested in startups like Melorra, Reshamandi, Biddano, BluSmart, IGP.com, Faarms, Instoried and GoQii, through its maiden fund.
BUSINESS
IPO-bound OYO buys Europe-based full vacation homes provider Direct Booker
Direct Booker’s acquisition will help OYO to expand its existing portfolio of over 1,800 vacation homes in Croatia
BUSINESS
Zomato founder Deepinder Goyal to donate ESOP proceeds worth Rs 700 crore to Zomato Future Foundation
It comes at a time when Zomato has started its 10-minute delivery and is riding on Blinkit for its quick commerce.
BUSINESS
Only 23 of India’s 100 unicorn startups are profitable
These unicorns have raised over $80 billion from investors to date, creating a total market value of more than $300 billion.
BUSINESS
MC Interview | Good companies find a way to go public at any time, whatever market says: Delhivery’s Sahil Barua
Delhivery’s IPO response could potentially determine the outcome for startups such as Oyo, Snapdeal and Pharmeasy, who have filed draft papers with Sebi but have delayed their listing plans due to uncertainty in the market. Delhivery, too, had delayed its listing plans after it received Sebi’s nod in January.
BUSINESS
Edtech unicorn Vedantu follows Unacademy, Lido Learning, lays off 200 employees
Vedantu’s move of laying off employees comes amid murmurs that the edtech sector in India is slowing down with schools and physical tuition classes reopening, thanks to decreasing Covid-19 cases across the country.
BUSINESS
Market situation challenging, but IPO will sail through as valuation attractive: Delhivery
Moneycontrol reported earlier today that shares of the company had plummeted nearly 40% in the grey market to Rs 550-600 from the peak of Rs 950 apiece in January.
BUSINESS
Byju Raveendran floats Byjus Investments to route funds into Byju’s
Byjus Investments Pvt Ltd will serve as the vehicle to route the $400 million that Raveendran said he will invest in Byju’s, as part of a larger $800-million financing round
BUSINESS
Allegations of Board suspending Bose for silencing harassment complaints false: Zilingo
Zilingo’s statement comes a couple of weeks after multiple media reports said that Zilingo had suspended Bose for accounting-related issues
