BUSINESS
Software firm CommerceIQ raises $115 million led by SoftBank, turns unicorn
The deal makes it a so-called ‘unicorn’, the 13th originating from India so far, continuing the unicorn boom amid talks of a slowdown for technology funding.
BUSINESS
Review: Tata’s super app is a fascinating, promising work-in-progress
Tata Neu -- the conglomerate's much-anticipated super app -- is here, but in limited supply. Our reporter gets early access and reviews it
BUSINESS
Pure aggression: Inside Gaurav Munjal and Unacademy’s quest for growth
Gaurav Munjal, the maverick founder of Unacademy, is building a company using unconventional methods. Moneycontrol profiles one of India's most important and divisive entrepreneurs with tons of never-before-reported details
BUSINESS
BharatPe mess leads to questions over board’s role
Could BharatPe's board have detected fraud earlier? Did it let clear governance issues persist too long? Moneycontrol explores
BUSINESS
Eruditus raises $350 million debt from CPPIB
Eruditus, which ties up with top universities such as Columbia, INSEAD and others to provide executive education and MBAs, plans to make acquisitions worth a billion dollars in the next year or so
BUSINESS
Accel raises $650 million seventh India fund, broadens to Southeast Asia
Accel will also invest in Southeast Asia from this fund, in a first, at a time when a funding downturn is on the minds of most venture capitalists.
BUSINESS
Exclusive | Shark Tank judge’s Sugar Cosmetics eyes $500 million valuation
Sugar Cosmetics' deal will also mark LVMH-backed L Catterton's first India deal, after it hired an executive from Sequoia India to lead investments.
BUSINESS
It might be healthier if founders had less power: Author Sebastian Mallaby
Why are venture capitalists indispensable in the global economy and how are they so successful? How do they manage governance at companies? And how is China's technology growth similar to the US? Author Sebastian Mallaby explores these and more in a new book and interview.
BUSINESS
IvyCap Ventures raises Rs 1,600 crore for record third fund
The new fund is more than thrice IvyCap's previous fund and is fully raised from domestic investors- a new trend.
BUSINESS
Software firm Hasura turns unicorn, raises $100 million led by Greenoaks Capital
The deal marks India's tenth unicorn of 2022, already more than the seven of 2019, a record- breaking year then for startup funding.
BUSINESS
Every SaaS company will become a fintech: Chargebee co-founder and CEO Krish Subramanian
The Chargebee CEO says that while the war for talent is very real, it is also bringing many more people into the industry, particularly from IT services to software products.
BUSINESS
Exclusive: Insight Partners in talks to back CredAvenue at $1.3 billion valuation with unicorn tag
As investors wonder whether private technology valuations will be hit by a funding downturn, some aggressive deals continue to happen
BUSINESS
How Mamaearth CEO Varun Alagh fell in love with books
Alagh prefers non-fiction books because he thinks it makes him a better person and teaches him more about building a company. Ben Horowitz's The Hard Thing About Hard Things taught him a key hiring lesson
TRENDS
Book review | The Power Law: What do rich VCs really do and why are they so great?
It shouldn't surprise you that venture capitalists do more than tweet about Web 3 solving all your life's problems. A new book masterfully traces why VCs are important, what makes giants like Sequoia and Accel successful, and shows how innovation investing really works behind the scenes
BUSINESS
Tata's digital ambitions to get supercharged by N Chandrasekaran’s extension as chairman
Tata Digital is eyeing a valuation of $20 billion and has begun early talks with investors, with an aim to double its Gross Merchandise Value from $3 billion in March 2022 to $7 billion next year.
BUSINESS
Hundreds of BharatPe resumes flood the market as worried employees look to exit
Employees across functions including business, operations, and products have been applying to other companies as many are in disbelief over the murky details spilling out of the company and about its co-founder Ashneer Grover in the last few weeks.
BUSINESS
Exclusive: CRED in talks to raise funding, eyes $6.5 bn valuation
In the last one and a half years, CRED has built a loan book of over Rs 2000 crore, likely with low defaults since it caters to highly credit-worthy customers.
BUSINESS
Exclusive: Sequoia India eyes record $2.8 billion fund, MD steps down
Sequoia's new fund comes amid falling tech stocks and governance issues at one of its hottest companies, similar to how its last fund came amid the pandemic's first wave.
BUSINESS
ElasticRun becomes seventh unicorn this year after raising $300 mn from SoftBank, Goldman Sachs
ElasticRun, founded by Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam in 2016, helps kirana or neighbourhood stores source goods and working capital from large FMCG brands
BUSINESS
Exclusive: Ashneer Grover demands Rs 4,000 crore to leave BharatPe
Alvarez & Marsal and PwC are conducting a governance audit of BharatPe, examining allegations of fraudulent and related party transactions
BUSINESS
Exclusive: Board is arm-twisting me to exit BharatPe, says Ashneer Grover
Ashneer Grover has alleged that the board feels he will go from being the biggest strength to their biggest liability because he is headstrong.
BUSINESS
Exclusive: Suhail Sameer manipulated me into going on leave, says BharatPe founder Ashneer Grover
BharatPe founder Ashneer Grover has added a new layer of controversy, calling CEO Suhail Sameer the board's puppet, as communication lines among founder, CEO, board members and employees seem to have broken down.
BUSINESS
Exclusive: Advertising regulator questions 10 minute delivery upstart Zepto over ‘potential violations’
Zepto, founded by two 19-year-old Stanford dropouts, could find itself in regulatory crosshairs over driver safety while trying to deliver groceries in record time
BUSINESS
Budget 2022 | What does it mean for startups, digital ecosystem
Budget 2022 | Many hits, some surprises, and one significant miss for startups and VCs. Moneycontrol decodes
