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March 17, 2023 11:06 AM IST Around $9 billion of the markdown came in the second half of the year, said the person, who asked not to be identified because the information is private. A representative for the New York-based firm declined to comment.
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February 28, 2023 10:47 AM IST In February 2023, the country’s startup ecosystem, currently the third-largest in the world, saw only 91 deals worth $1.32 billion, against 308 deals worth $4.77 billion in the year-ago period
- February 14, 2023 04:31 PM IST
PhonePe plans to deploy these funds to scale up its payments and insurance businesses in India, as well as to launch and aggressively scale new businesses like lending, stockbroking, ONDC-based shopping and account aggregators
- February 07, 2023 07:22 PM IST
The neobank founder says for businesses such as neobanks and lending platforms to succeed and grow, apart from traditional core business fundamentals, customer acquisition costs needs to be capped and strategised better
- January 30, 2023 11:41 AM IST
Tiger Global turning cautious and going slow on investments suggest a painful period for startups in the country that thrive on private equity and venture capital funding.
- January 26, 2023 11:02 AM IST
"They (Accel and Tiger) want to sell and exit now fully. The discussions are moving ahead and the transaction will close in due time," a person familiar with the matter told ET.
- January 23, 2023 04:30 PM IST
GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.
- January 18, 2023 01:06 PM IST
GoMechanic was in talks to raise $75-80 million in a funding round led by SoftBank, but the deal was called off due to accounting irregularities
- January 05, 2023 08:20 AM IST
With funding drying up, a number of companies, including the most well-funded, have laid off large numbers of employees since the beginning of 2022 impacting close to 20,000 staff, according to data compiled by Moneycontrol.
- December 31, 2022 11:05 AM IST
The average deal size of late-stage transactions (investment into companies that are over 10 years old, or Series G or later rounds of institutional investments) fell 39 percent to $90 million in 2022 from $148 million last year.
- December 28, 2022 03:35 PM IST
According to Tracxn, Indian Web3 startups raised $624 million in 2022 amid negative sentiment around crypto, a jump of over 500 percent from the $115 million raised in 2021.
- December 26, 2022 01:06 PM IST
The firm is currently operating at an annualized disbursal run rate of $1.2 billion and is presently managing AUMs of over $800 million.
- December 22, 2022 01:34 PM IST
Jupiter's losses increased to Rs 164 crore in FY22 from Rs 14 crore in FY21 as its employee benefit expenses tripled to Rs 68.6 crore from Rs 17.7 crore a year earlier, show regulatory filings
- December 12, 2022 09:55 AM IST
In terms of value, Tiger Global has slowed in India this year, as it has globally, shows data. Tiger Global invested $807 million in the first eleven months of 2022, a 70 percent decrease from the previous year's total of $2.75 billion.
- December 07, 2022 03:59 PM IST
Employees from across verticals have been laid off but learning content, HR (human resources) and sales enablement teams are the most affected teams
- December 06, 2022 06:46 PM IST
In a no holds barred interview, Rekhi said SoftBank pushed for growth instead of profitability and that a growth-stage startup with no profitability is nonsense.
- December 06, 2022 10:29 AM IST
Tiger Global has participated in Series A rounds totalling $458 million in the first 11 months of 2022, an increase of 80 percent compared to the same period in the previous year
- November 29, 2022 01:47 PM IST
"We believe one can only understand their business and numbers well enough. Others can only speculate. And hence, we don’t like to look down upon anyone," Classplus' founder told Moneycontrol.
- November 24, 2022 09:47 AM IST
Founder said that they are witnessing strong demand in Bengaluru as the city contributes nearly 8 percent to overall sales. He also said that Bengaluru is the largest hub for Spinny
- November 23, 2022 08:00 AM IST
Tiger Global, though bullish, is not comfortable writing late-stage cheques just yet. It will continue to play in the early stage phase and India is expected to be among the biggest beneficiaries of Tiger Global’s new fund
- November 17, 2022 02:03 PM IST
The upskilling platform said the company-wide year-end shutdown is to offer ‘gratitude’ to employees for their efforts throughout the year that turned out to be a struggle for Indian edtech companies.
- November 14, 2022 08:47 PM IST
The shares were disposed of at an average price of Rs 389.38-Rs 389.44 apiece, taking the transaction value to Rs 522.50 crore.
- November 04, 2022 12:43 PM IST
Chase Coleman’s Tiger Global Management has become the latest in the string of big-name money managers to divest or reduce exposure to China, taking the country’s share of its portfolio to the mid-single digits last month from the mid-teens earlier in the year.
- November 04, 2022 07:27 AM IST
Tiger executives have told others that Xi’s reelection and his stacking of the Communist Party’s leadership with loyalists at the recent party Congress could increase geopolitical tensions and means the country’s Zero-COVID policy will likely continue, the WSJ reported.
- November 02, 2022 11:02 AM IST
Affiliates of Apollo’s Athene insurance business made at least $330 million of loans secured by assets in Tiger Global venture funds, primarily their stakes in private firms, during the first six months of this year, state regulatory filings show.
