Page 6 - Deepsekhar Choudhury

Byju's to invest $200 mn in physical tuition centres over 12-18 months

Edutech firm Byju's plan to open 500 centres in 200 cities this year; enroll 1 mn students over 2 years

BharatPe accuses Ashneer Grover family of siphoning off company funds

Ashneer Grover's family and their relatives engaged in extensive misappropriation of company funds, including creating fake vendors through which they siphoned money, says company in statement

Accel raises $650 mn fund to invest in Indian and SE Asian start-ups

It was an early investor in unicorn start-ups like Flipkart, Swiggy, Zetwerk, Cultfit, Acko and others

Fall in rural wage, labour crunch in urban areas hit construction sector

Corporate players are expecting construction activity to pick up during the current quarter

Ashneer Grover resigned after receiving Board meet agenda on PwC probe

Ashneer Grover's 9.5% stake in the company might be clawed back as it is on the Board's agenda to deliberate on the issue in the meeting tonight.

ShareChat will break even in a few years: Founder-CEO Ankush Sachdeva

In a Q&A, Sachdeva also dwells on his company's monetisation plan, and the strategy behind the $700 mn acquisition of short video platform MX TakaTak

Investor-founder relation in India is one of master-slave: Ashneer Grover

'I am the rebel slave who must be hung by the tree so none of the other slaves can dare to be like me ever again,' says co-founder of fintech unicorn BharatPe, Asheer Grover in resignation letter

Ashneer Grover resigns from BharatPe board amid boardroom battle

This comes amid a tussle in the company where Grover has found himself on the opposite side of the Board, key investors in the company and his co-founders

Biocon Biologics to go for IPO in 18-24 months: Kiran Mazumdar-Shaw

Biocon arm buys Viatris biosimilars biz for $3.2 billion

Google starts Play Pass subscription service in India with over 1,000 apps

Google Play Pass subscription provides access to apps and games without ads, in-app purchases, and upfront payments.

BharatPe co-founder & MD Ashneer Grover not granted reliefs by SIAC

Grover had filed an arbitration plea to stop a probe into alleged financial mismanagement in the company, and had also sought indemnity

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

BBL will also obtain Viatris' rights in all biosimilars assets, including its in-licensed portfolio and an option to acquire Viatris' rights in bAflibercept

Ukraine asks Apple, Google to block Russia as Western biz caught in dilemma

Some Western companies severed their ties with Russia on Friday, and others studied whether and how to do so

Former boss of Amazon-owned Ring Ukraine takes up arms to fight Russia

Kira Rudik is now a leader of the Ukrainian political party called Voice and has been a member of parliament since 2019

Neobanking start-up Niyo raises $100 mn in Series C funding round

This Series C round of funding was led by Accel & Lightrock India with participation from Beams Fintech Fund

The unravelling of Ashneer Grover's fortunes: A blow-by-blow account

Murmurs of a toxic work culture at BharatPe grew louder in the wake of its co-founder's personal behaviour

Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra

Jaspal Bindra says Centrum's partnership is with funds like Sequoia, not Grovers

IPO-bound Delhivery invests in logistics automation firm Falcon Autotech

Investment amount not revealed; partnership to enable bundling of hardware automated solutions along with Delhivery's SaaS platform

Starlink's India head Sanjay Bhargava quits for personal reasons

Earlier, Bhargava had said that the company's target is to have 200,000 terminals across the country by December 2022

Ninjacart buys back ESOPs worth Rs 100 cr after investment from Flipkart

This is the company's second ESOP buyback. Ninjacart had its first buyback in 2019