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  • No credible competition in school edtech space: LEAD’s Sumeet Mehta Dec 06, 2022 12:43 PM IST

    No credible competition in school edtech space: LEAD’s Sumeet Mehta

    “Revenue growth in FY22 over FY21 was 2.5x, and in FY23 over FY22 could be about 2x. We will aim to double our business in the next year also. In terms of profitability, we are on track,” Mehta told Moneycontrol.

  • HealthKart raises $135 million in funding led by Temasek Dec 05, 2022 07:13 PM IST

    HealthKart raises $135 million in funding led by Temasek

    In a statement, the company said it will use the capital raised for the growth of in-house D2C (direct-to-consumer) brands, increase offline distribution, expand international operations, and make select acquisitions.

  • Simplilearn buys US-based Fullstack to accelerate growth in North America Nov 28, 2022 09:15 AM IST

    Simplilearn buys US-based Fullstack to accelerate growth in North America

    The acquisition of Fullstack will give Simplilearn access to over 20 university and government partnerships across the country

  • upGrad appoints former Paytm & Ola executive Anuj Vishwakarma to lead online higher-ed Nov 22, 2022 01:44 PM IST

    upGrad appoints former Paytm & Ola executive Anuj Vishwakarma to lead online higher-ed

    This comes when upskilling and higher edtech players witness strong growth, while demand for online K-12 sector is falling with the reopening of schools, colleges, and tuition centres

  • SaaS unicorn Darwinbox opens new global headquarters in Hyderabad, plans IPO in 3 years Nov 14, 2022 12:24 PM IST

    SaaS unicorn Darwinbox opens new global headquarters in Hyderabad, plans IPO in 3 years

    The SaaS unicorn is planning to go for an IPO in the next three years and charts plans to turn profitable by FY2024

  • Open gets RBI's in-principle nod for payment aggregator licence Nov 14, 2022 12:07 PM IST

    Open gets RBI's in-principle nod for payment aggregator licence

    A payment aggregator provides payment services to merchants and e-commerce sites by accepting payment instruments from customers. It is different from payment gateways which provide technology services for processing transactions but don’t handle funds

  • SaaS unicorn Icertis raises $150 million in debt financing from Silicon Valley Bank Oct 27, 2022 01:00 PM IST

    SaaS unicorn Icertis raises $150 million in debt financing from Silicon Valley Bank

    Amid a funding crunch, there has been an uptick in alternative funding models like venture debt. Icertis, an enterprise contract management platform, is among the first unicorn to raise debt

  • PhysicsWallah forays into publishing, govt job prep segments with 2 new buys Oct 13, 2022 06:44 PM IST

    PhysicsWallah forays into publishing, govt job prep segments with 2 new buys

    PhysicsWallah has acquired three companies since it became a unicorn in June this year. In August, the company had acquihired edtech startup FreeCo to enhance its existing services

  • LeadSquared FY22 revenue doubles to Rs 193.5 crore but losses widen to Rs 62 crore Oct 12, 2022 07:17 PM IST

    LeadSquared FY22 revenue doubles to Rs 193.5 crore but losses widen to Rs 62 crore

    The company's expenses shot up to around Rs 262.3 crore from Rs 113.3 crore in the previous year. Employee benefits accounted for around 54% of the total expenses

  • SoftBank-backed tech unicorn Kavak expands in Middle East Oct 12, 2022 10:44 AM IST

    SoftBank-backed tech unicorn Kavak expands in Middle East

    Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business, Garcia said.

  • Survival tips for tech startups as funding dries up Oct 12, 2022 08:53 AM IST

    Survival tips for tech startups as funding dries up

    Venture capitalists and technology chieftains converged in Singapore in recent weeks to hobnob over a number of high-profile annual conferences, marking the city-state’s grand coming-out-of-Covid party.

  • KKR-backed home interior platform Livspace earmarks $100 million for asset acquisitions Oct 10, 2022 07:03 AM IST

    KKR-backed home interior platform Livspace earmarks $100 million for asset acquisitions

    The investments will help the company grow faster across international markets including India, Singapore, Malaysia, and the Middle East. Livspace will use its internal accruals, Anuj Srivastava, Co-founder and CEO of Livspace, told Moneycontrol

  • The meat category suffers due to India's cultural hypocrisy: Licious co-founder Sep 27, 2022 09:52 AM IST

    The meat category suffers due to India's cultural hypocrisy: Licious co-founder

    The firm faced a storm of resistance from VCs, or 'vegetarian capitalists,’ as the founders called them. Licious co-founder Abhay Hanjura says that meat continues to be carried surreptitiously in black plastic bags, like sanitary pads, condoms, and alcohol, even though a majority of Indians consume meat.

  • Edtech unicorn upGrad acquires corporate training startup Centum Learning Sep 15, 2022 12:28 PM IST

    Edtech unicorn upGrad acquires corporate training startup Centum Learning

    In a recent interview with Moneycontrol, Kumar said the company’s strategy behind the acquisition spree is creating a lifelong learning journey for their users, which starts from post-K through 12 (post-kindergarten to 12th grade) to the 55-60 age group.

  • Germ of an Idea | A Kerala rail station, a Mariah Carey song and India’s 100th unicorn Sep 09, 2022 12:56 PM IST

    Germ of an Idea | A Kerala rail station, a Mariah Carey song and India’s 100th unicorn

    Armed with basic school education and an obsessive passion for technology, Anish Achuthan slept rough, and went hungry but chased his tech dream. The co-founder of neo-banking platform Open has a lot to inspire us

  • Ravi Handa quits Unacademy months after selling his upstart Handa ka Funda to the firm Sep 02, 2022 04:54 PM IST

    Ravi Handa quits Unacademy months after selling his upstart Handa ka Funda to the firm

    Handa, who joined Unacademy as Content Sales Director in April 2021, in a tweet on September 2 said September 1 was his last working day at the firm. Handa, a famous educator in MBA circles, has resigned due to personal reasons, according to sources.

  • B2B unicorn Zetwerk to induct ITC veteran Sanjiv Rangrass to its board Sep 01, 2022 01:39 PM IST

    B2B unicorn Zetwerk to induct ITC veteran Sanjiv Rangrass to its board

    The B2B unicorn said that Sanjiv Rangrass, who is the former chief executive officer (CEO) of ITC Ltd Agribusiness division, will be instrumental in shaping the company’s culture and policies.

  • Sequoia sells part of pre-IPO Zomato holding, paring stake to 4.4% Aug 26, 2022 01:48 PM IST

    Sequoia sells part of pre-IPO Zomato holding, paring stake to 4.4%

    Sequoia Capital India has sold 17.2 crore shares of Zomato in the open market so far, bringing its stake down to 4.4 percent from 6.41 percent earlier.

  • SoftBank’s latest unicorn is a food trading platform Aug 25, 2022 10:27 AM IST

    SoftBank’s latest unicorn is a food trading platform

    DS Asset Management was the sole investor in the Seoul-based company’s Series D financing, joining earlier backers including SoftBank Ventures and Forest Partners and taking Tridge’s cumulative funding to 150 billion won.

  • Trucking logistics firm Rivigo hits funding roadblock; talks to Flipkart, FirstCry for sale Aug 23, 2022 01:49 PM IST

    Trucking logistics firm Rivigo hits funding roadblock; talks to Flipkart, FirstCry for sale

    Due to investors' increased caution as a result of the prolonged economic slowdown, the unicorn logistics tech company has had difficulty raising new capital.

  • Financial services are a basic need like roti, kapda, makaan, says Groww founder Lalit Keshre Aug 22, 2022 05:06 PM IST

    Financial services are a basic need like roti, kapda, makaan, says Groww founder Lalit Keshre

    In an episode of Bits to Billions, Keshre revealed that his beginnings were humble and that he hails from Lepa, a small village in Madhya Pradesh’s Khargone district.

  • How’s funding been to India’s fintechs in 2022? Aug 09, 2022 01:12 PM IST

    How’s funding been to India’s fintechs in 2022?

  • Early-stage funding in Indian ed-tech bucks global trend, jumps 2.5x in 2022 Aug 05, 2022 07:59 AM IST

    Early-stage funding in Indian ed-tech bucks global trend, jumps 2.5x in 2022

    Contenders are scrambling as the ed-tech incumbents are fumbling. But will their performance be any better?

  • Bits To Billions | Meet India's first husband-wife duo who have a unicorn each: Mohapatra & Kalra Aug 04, 2022 06:11 PM IST

    Bits To Billions | Meet India's first husband-wife duo who have a unicorn each: Mohapatra & Kalra

    Asish Mohapatra and Ruchi Kalra, alums of IIT and McKinsey, created history by becoming India's first husband and wife team to build their startups into unicorns - OfBusiness and Oxyzo. While Mohapatra is the CEO of OfBusiness, Kalra is the CEO of Oxyzo. What's more - Both their startups are profitable. But what do their startups do? How did they go from bits to billions? When will their companies go IPO? Watch them in conversation on Bits to Billions.

  • Edtech unicorn upGrad acquires test-prep platform Exampur Aug 02, 2022 02:27 PM IST

    Edtech unicorn upGrad acquires test-prep platform Exampur

    In July, UpGrad Rekrut, a subsidiary of the edtech unicorn, acquired recruitment and staffing firm Wolves India