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  • Byju's pays $234 million to Blackstone related to Aakash deal - Report Sep 24, 2022 08:19 AM IST

    Byju's pays $234 million to Blackstone related to Aakash deal - Report

    Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, the payment made on Thursday was for a stake of about 38% owned by Blackstone in the learning center chain Aakash.

  • Tiger Global-backed Urban Company sees losses widen to Rs 514.14 crore in FY22 Sep 16, 2022 06:39 PM IST

    Tiger Global-backed Urban Company sees losses widen to Rs 514.14 crore in FY22

    While most of the home repair and maintenance services were allowed to operate, beauty services had to be shut down in several parts of the country, which impacted business activity in Q1 FY22, the company said

  • Tiger Global-backed edtech firm Scaler to hire over 600 employees by December 2022 Sep 08, 2022 01:12 PM IST

    Tiger Global-backed edtech firm Scaler to hire over 600 employees by December 2022

    The company said it will recruit staff across the sales, business-to-business (B2B) enterprise, instructors, and operations teams. According to Scaler, it currently has over 1,800 employees, and the hiring spree will expand its workforce by 35 percent.

  • Tiger Global-backed Ninjacart sets up advisory board, ropes in former agriculture and IT secretaries, others Sep 07, 2022 12:27 PM IST

    Tiger Global-backed Ninjacart sets up advisory board, ropes in former agriculture and IT secretaries, others

    Other members of the newly formed board are Prakash Bakshi, former chairman of National Bank For Agriculture And Rural Development (NABARD), and Anand Sinha, retired deputy governor of the Reserve Bank of India

  • Tiger Global-backed Koo lays off employees to streamline business Sep 01, 2022 02:41 PM IST

    Tiger Global-backed Koo lays off employees to streamline business

    The Koo spokesperson said that the company’s workforce was streamlined to meet current business requirements as Koo is currently going through a rapid growth phase.

  • OkCredit is up for sale as fresh capital infusion bid fails Sep 01, 2022 09:02 AM IST

    OkCredit is up for sale as fresh capital infusion bid fails

    OkCredit is currently valued at $40-50 million, sharply lower than the $83 million it had raised in total from investors over three funding rounds

  • Tiger Global meets early-stage investors as it looks to double down on young startups in India Aug 29, 2022 10:26 AM IST

    Tiger Global meets early-stage investors as it looks to double down on young startups in India

    Executives from the hedge fund company’s US office have met investors many times in Bengaluru. The meetings are happening at a time when the company is increasingly looking at investing in younger startups across the world as some of its late-stage bets are turning sour.

  • Tiger Global leads Series B funding round in fintech startup Jar at $300 mn valuation Aug 18, 2022 04:42 PM IST

    Tiger Global leads Series B funding round in fintech startup Jar at $300 mn valuation

    Jar said that it will use the funds to expand its workforce and continue to build a comprehensive, one-stop savings financial platform.

  • Web3 game infrastructure startup Lysto bags $12 million from Tiger Global, Hashed, others Aug 10, 2022 01:13 PM IST

    Web3 game infrastructure startup Lysto bags $12 million from Tiger Global, Hashed, others

    Lysto is building tools that aims to standardise gamer credentials and reputation across games and platforms

  • Fintech startup Jodo raises $15 million in Series A round led by Tiger Global Aug 09, 2022 06:16 AM IST

    Fintech startup Jodo raises $15 million in Series A round led by Tiger Global

    Jodo plans to double its team size to 300-350 over the next 18 months

  • Rs 1 lakh crore worth of free-float to loom over markets in coming months Aug 06, 2022 05:59 PM IST

    Rs 1 lakh crore worth of free-float to loom over markets in coming months

    Pre-IPO shares will be released from their Sebi-mandated lock-in, said CNBC TV18’s Prashant Nair in Editors’ Roundtable

  • Tiger Global cuts stake in Zomato by almost half; sells 18 crore shares in a week Aug 04, 2022 11:46 AM IST

    Tiger Global cuts stake in Zomato by almost half; sells 18 crore shares in a week

    Tiger Global investment vehicle Internet Fund IV held a 5.11 percent stake in Zomato before the lock-in ended. Its shareholding has now reduced to 2.77 percent

  • Exclusive | WestBridge Capital raises $1.5 billion in largest-ever commitment for Indian companies Jul 21, 2022 07:04 AM IST

    Exclusive | WestBridge Capital raises $1.5 billion in largest-ever commitment for Indian companies

    Westbridge Capital joins a growing list of PE and venture capital (VC) firms to raise large funds for India-focused companies

  • Slice seeks RBI nod to issue credit cards amidst uncertainty over business model Jul 19, 2022 07:35 AM IST

    Slice seeks RBI nod to issue credit cards amidst uncertainty over business model

    Industry experts however, believe that it may be difficult for Slice to get RBI approval as the regulator may be selective in giving the green signal to NBFCs to issue credit cards.

  • Early-stage VC investments in Q1FY23 up 30% on year even as growth-stage investments come under pressure Jul 01, 2022 09:37 AM IST

    Early-stage VC investments in Q1FY23 up 30% on year even as growth-stage investments come under pressure

    However, late-stage investments fell over 11% to $9.1 billion during the first quarter of 2022-23 from $10.3 billion a year earlier, according to data compiled by analytics firm Tracxn Technologies.

  • Tiger Global’s Series A bets in India up 3x as early-stage funding gathers momentum Jun 29, 2022 07:58 AM IST

    Tiger Global’s Series A bets in India up 3x as early-stage funding gathers momentum

    The New York-based hedge fund company has participated in Series A rounds of 10 companies totalling $402.3 million in the first six months of 2022, against three companies for a total of $75.7 million in the whole of 2021, according to data by Tracxn Technologies.

  • Google invests in Progcap as part of $40 million round, startup now valued at $600 million Jun 28, 2022 06:31 AM IST

    Google invests in Progcap as part of $40 million round, startup now valued at $600 million

    The round takes the total fundraise by Progcap in the past year to $95 million.

  • Battery Smart raises USD 25 million in series A round by Tiger Global Jun 27, 2022 02:53 PM IST

    Battery Smart raises USD 25 million in series A round by Tiger Global

    Battery Smart has closed its series A round of USD 25 million. The funding round was led by Tiger Global, along with participation from Blume Ventures and Orios Ventures, it said in a statement.

  • Tiger Global leads $25 million Series A round in Battery Smart Jun 27, 2022 11:46 AM IST

    Tiger Global leads $25 million Series A round in Battery Smart

    Battery Smart's fundraise comes a month after NITI Aayog published a draft policy for battery swapping, suggesting that swapping infrastructure and EV financing would continue to get government attention

  • Edtech unicorn Vedantu's loss widens four times in FY21 as employee expenses soar Jun 24, 2022 10:35 AM IST

    Edtech unicorn Vedantu's loss widens four times in FY21 as employee expenses soar

    The edtech company, which got valued at over a billion dollars in September last year, reported a fourfold increase in expenses to Rs 744 crore for FY21 from Rs 186 crore a year earlier, as employee benefit expenses rose to Rs 408 crore in FY21 from Rs 88 crore in FY20

  • B2B manufacturing and supply chain startup Groyyo raises $40 million from Tiger Global, Alpha Wave Jun 15, 2022 09:39 AM IST

    B2B manufacturing and supply chain startup Groyyo raises $40 million from Tiger Global, Alpha Wave

    Groyyo is betting on the SME manufacturing industry, which it expects to be worth $120 billion already and sees it growing 5x by 2025.

  • The Shah pulls back: Kunal Shah is a more cautious angel investor after last year’s frenzy Jun 13, 2022 12:17 PM IST

    The Shah pulls back: Kunal Shah is a more cautious angel investor after last year’s frenzy

    Shah’s investments have dropped sharply in 2022 with the overall funding to India’s startup ecosystem, which is currently the world’s third-largest, slowing amid a correction in global financial markets. According to data shared by data analytics firm Tracxn Technologies, Shah has closed only 26 rounds so far this year.

  • Fintech unicorn Cred raises $80 million from GIC, others at $6.2 billion valuation Jun 09, 2022 09:06 PM IST

    Fintech unicorn Cred raises $80 million from GIC, others at $6.2 billion valuation

    According to Moneycontrol estimates, the Kunal Shah-led company has raised the money at a valuation of almost $6.22 billion. Existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round

  • Jeff Bezos, Sequoia Capital-backed SaaS startup Lummo lays off 50-60 employees from its Bengaluru office Jun 09, 2022 12:09 PM IST

    Jeff Bezos, Sequoia Capital-backed SaaS startup Lummo lays off 50-60 employees from its Bengaluru office

    In the early hours of Tuesday, around 50-60 employees in India started receiving direct emails informing them to move on. The company has a total of around 500 employees in its offices in Jakarta and Bengaluru.

  • Layoffs, restructuring, slowdown: India’s edtech firms are struggling post-pandemic Jun 06, 2022 12:13 PM IST

    Layoffs, restructuring, slowdown: India’s edtech firms are struggling post-pandemic

    The slowing demand for technology-based education services, coupled with the much-talked-about funding winter, has had a domino effect on India's thriving edtech companies, forcing them to lay off employees, go slow on expansion, cut down excess spends and explore newer revenue streams. Some edtech companies have even shut operations

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