Page 48 - Peerzada Abrar

US-based Baron Capital boosts Swiggy's valuation to $12.1 billion

New valuation is above the $11 billion IPO valuation target that Swiggy is eyeing

The Ayurveda Experience secures $27 mn in funding led by Jungle Ventures

The funds would help firm ramp up customer engagement on its platform, invest in product R&D

Large representation of Indian data differentiates us: Krutrim's Ravi Jain

Krutrim's head of strategy Ravi Jain said what differentiates the AI platform from others is that it uses Indian data including different languages to train its models

Flipkart planning to unveil quick commerce service in a couple of months

According to industry sources, 15-20 minute deliveries provided by players such as Zepto, Instamart and Blinkit are taking a major portion of the sales of products away from Flipkart and Amazon

IndiGo's Gangwal invests $20 mn in manufacturing services startup Zetwerk

Gangwal started his airline career with United Airlines in 1984. He co-founded IndiGo along with his friend Rahul Bhatia in 2006 with one aircraft

On road to IPO, Udaan saw sales of over 2.25 billion products in 2023

1,500 sellers reach Rs 1 cr in transactions on eB2B platform

Byju's investors file caveats in SC expecting challenge to NCLT's order

MIH Edtech Investments BV, Peak XV Partners Investments, Sofina SA and General Atlantic Singapore TL Pte Ltd filed separate caveats in SC as a precautionary move

Nasscom urges Karnataka govt to review the uniform taxi fare rules

Government of Karnataka, revised the fare structure applicable to taxis (both mobile application (app)-based and non-app-based city taxis)

Govt's AI advisory only for large platforms, not for startups: MeitY

Union minister Rajeev Chandrasekhar said that the advisory was aimed at preventing untested AI platforms from deploying on the Indian internet

Disclosure in US court counters narrative by four investors, says Byju's

Byju's said this counters the fake narrative by four investors at the National Company Law Tribunal (NCLT) that the amount was siphoned off

Bengaluru blast: Startups call for swift measures to ensure robust safety

Approximately 10 people were reportedly injured in a low-intensity bomb blast at The Rameshwaram Cafe, a popular restaurant in Bengaluru's Brookfield

Flipkart unveils its UPI handle to boost India's digital evolution

The service would be available to all users including Flipkart's over 500 million customers

Byju's unable to pay salaries due to dispute with investors: Raveendran

Unfortunately, a select few have stooped to a heartless level, ensuring that the company is unable to utilise funds raised to pay salaries, said Byju Raveendran

Edtech major upGrad appoints Venkatesh Tarakkad as chief financial officer

Tarakkad will be responsible for overseeing upGrad's domestic and global financial strategies

IPO-bound Ola Electric clocks highest registration of 35,000 units in Feb

In December last year, the company became the first EV 2W manufacturer to record 30,000 registrations in a month

Tough test: Staff salaries may again be hit at edtech major Byju's

NCLT has asked Byju's to keep funds via rights issue in escrow account and it cannot be withdrawn till the disposal of the matter, according to the sources

NCLT asks Byju's to keep funds via rights issue in escrow account

NCLT has also directed Byju's to consider the extension of the closure date of the rights issue

Shadowfax raises $100 million from TPG NewQuest, Flipkart and others

It would use the funds to reinforce its middle-mile network and extend its last-mile delivery services to cover all 20,000 pincodes across India

Edtech major Byju's, investors slug it out in NCLT over rights issue

NCLT has directed the parties to file written submissions of their contentions in three days. It has also issued notice to Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC)

Diversity in India's ecosystem aids Razorpay's global forays, says CFO

The company has planned expansions into South East Asia and West Asia