BUSINESS
5 key takeaways about Google from its ‘CEO’ Prabhakar Raghavan
Prabhakar Raghavan holds significant sway over Google, and by extension, our lives. The Senior Vice President is responsible for search, ads, commerce, maps, payments, and Google Assistant. He opens up about the opportunity, the pandemic, fighting misinformation and more.
BUSINESS
WazirX goes live with NFT marketplace amid crypto boom, RBI clarification
WazirX NFTs: Binance-owned WazirX is doing this even as there is a regulatory cloud over crypto and the RBI issued a clarification on cryptocurrencies and banks' relationship with them.
BUSINESS
Plum Insurance raises $15.6 million from Tiger in Series A round
Plum Insurance works with companies to provide affordable employee insurance
BUSINESS
Zerodha valued at $2 billion, plans $25 million ESOP buyback
Online brokerage Zerodha's valuation has doubled to $2 billion within a year, underscoring the stock market investing frenzy underway in India. Zerodha is also planning a stock buyback, giving early employees a financial windfall
BUSINESS
Five charts that capture IPO-bound Paytm's journey
The board of One97 Communications, the parent firm of Paytm, is meeting on May 28 to give its go-ahead to a $3-billion IPO, the biggest in India's history.
BUSINESS
Exclusive: Eruditus eyes $2.5 billion valuation, could become second most valued edtech after Byju’s
Online learning firm Eruditus, turbocharged by the pandemic, could become India's second most valuable edtech startup. It is seeking a valuation of $2.5 billion, tripling from $800 million in October 2020
BUSINESS
Zeta has rewritten entire banking stack, this hasn't been done before: Co-founder Bhavin Turakhia
Zeta wants to reimagine the core banking stack for traditional banks- which currently use older solutions like Finacle and Flexcube from IT frms and wants to provide banks and fintechs with a mobile.
BUSINESS
Billion-dollar valuation on $10 million revenue: Decoding SoftBank’s unique bet on Zeta
SoftBank has invested $250 million in banking software firm Zeta, valuing it at $1.45 billion. Zeta has generated $10 million revenue so far, that too mostly from one client. So what justifies this valuation? Moneycontrol explores the factors at play, Zeta's potential, and SoftBank's strategy.
BUSINESS
Bhavin Turakhia’s Zeta turns unicorn, raises $250mn from SoftBank at $1.45bn
Serial entrepreneur Bhavin Turakhia's software firm Zeta becomes India's 14th unicorn of 2021 so far in a record breaking year for startup funding
TRENDS
Book review: Brad Stone’s Amazon Unbound is a brilliant, intimate portrait of a giant
Amazon seems to defy the laws of gravity and business. The bigger it gets, the more nimble it becomes. Amazon and its inventive founder Jeff Bezos have transformed our lives in the last eight years, arguably even more than it did in the decade before that. Bloomberg journalist sets out to answer the question, how did Amazon become this global empire? And is it good for everyone?
BUSINESS
Tech teams working all night, couldn’t have imagined this scale in my wildest dreams: WazirX CEO Nischal Shetty
Crypto exchange WazirX has been in the eye of a storm, crashing multiple times as bitcoin saw its price fluctuate like virtually never before. Users are enraged, and yet Shetty is the calm in the eye of the storm. He talks about regulatory challenges, technological overhauls and the fundamental change that Indians are investing in crypto more than ever.
BUSINESS
Cryptocurrency mania gripping India: All you need to know
Wildly fluctuating bitcoin prices, trillion dollar assets, billions riding on memes and no one is quite sure what is happening. The cryptocurrency mania has gripped India, and the world. Moneycontrol decodes the craziness.
BUSINESS
Eruditus acquires iD Tech for $200m cash in landmark acquisition
Founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, Eruditus offers management programmes and short courses remotely.
BUSINESS
PhonePe to acquire IndusOS for $60 million
PhonePe is acquiring IndusOS, bolstering its plans for a super app independent of the restrictions posed by Google's Play Store, which is making commissions mandatory and has received backlash from the technology community in India.
BUSINESS
Pivots, survival battles and now listing torchbearer—Zomato and Deepinder Goyal’s topsy-turvy ride to an IPO
Today, Zomato is on top of the world, eyeing a historic public listing and doubling its valuation in a year. But not even people closest to the food delivery firm could have envisioned this 18 months ago. Moneycontrol traces the evolution of Zomato and its CEO Deepinder Goyal, decoding their origins, hits, misses, and future.
BUSINESS
Moglix latest to join growing unicorn list with $120 million from Falcon Edge
Moglix is India's 13th internet startup to be valued at a billion dollars or more this year. India created 11 unicorns in all of 2020.
BUSINESS
A billionaire donated crypto meme tokens worth $1 billion to India. It may just be worth $50 million - Here’s why
Vitalik Buterin, co-founder of Ethereum donated a billion dollars in Shiba Inu Coin for India to battle the Covid-19 pandemic. But what is this joke coin? Is it really worth that much? Moneycontrol explains
BUSINESS
Crypto exchanges vs banks: Customers get caught in crossfire
Crypto exchanges are seeing record demand from customers, but the same customers are unable to transact because banks are not supporting crypto platforms, fearing backlash from the RBI. Moneycontrol explains what is at stake.
BUSINESS
Fintech startups raised record $22.8 billion in Q1 2021: Report
Fintechs globally raised more than double the previous quarter, indicating the soaring demand for digital financial services during the pandemic, as more people stay at home. Robinhood, Stripe and many more touched record valuations and user numbers.
BUSINESS
Exclusive: Ola investor Matrix eyes $75m cash gain in secondary sale, $400m new fund
Matrix Partners India is one of the country's largest venture capital firms, but its gains from startups have paled compared to peers. Now Matrix is looking to fix that by selling a stake in Ola, even as its other lucrative bets lead to a record $400 million new fund.
BUSINESS
Allow taxation on cryptocurrency, define as an asset, have FDI limits: Industry body's proposal to government
IndiaTech, an industry body, has recommended to the government that cryptocurrencies should be regulated, but have a strong future in India. Crypto can boost FDI significantly, enhance tax collections and become an investment option.
BUSINESS
Crypto platform WazirX crashes due to Dogecoin frenzy
WazirX CEO Nischal Shetty said that the outage lasted about an hour because its internal systems thought there was an attack, and hence shut down. It is back live now, however
BUSINESS
Exclusive: Co-founder of Nexus Venture Partners - investor in Unacademy, Postman, Delhivery and Druva - steps down
Sandeep Singhal, one of India's first startup and venture capital investors, is leaving Nexus Venture Partners, the firm he co-founded and led from 2006 onwards. His exit comes even as Nexus is closing a record $500 million fund which will take its assets under management to $1.7 billion.
BUSINESS
Urban Company is India's 12th unicorn of 2021 after a $188-million funding round
The home services firm has been valued at $2 billion after it raised a $188-million round led by Prosus Ventures.
