Page 82 - Peerzada Abrar

Udaan raises $120 mn amid funding winter; plans IPO in 12-18 months

Business-to-business e-commerce firm raises capital from existing investor, was valued at $3.1 billion in January 2021

Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'

The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing

Byju's employees meet Kerala minister after 170 staff are 'asked to resign'

Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report

Pine Labs sees huge demand for its buy-now-pay-later service in hinterlands

The fintech unicorn expects to process BNPL transactions worth Rs 5,000 crore this month as an increasing number of customers in small towns are buying products on EMI this festive season

E-commerce firms give airlines a miss, ship Diwali parcels by road, rail

This comes on the back of tie-ups between e-commerce companies and Indian Railways, and expansion of fulfillment centres which has enabled increased storage and quicker deliveries

We are not here to have a nice time: CEO Aggarwal about Ola's work culture

The yardstick at which the firm would like to be judged is the impact it is creating, said Ola CEO

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

The firm also plans to hire 10,000 teachers in the next six months, adding to the current strength of 20,000 teachers

Ola Electric unveils S1 Air scooter at an introductory price of Rs 79,999

Ola said this is a big push towards taking India closer to ending the era of petrol vehicles

PhonePe in talks to raise $700 million at $12 billion valuation

Digital payments firm seeking investors' support to scale up operations and compete with rivals

From layoffs to cost-cutting, start-ups brace for long funding winter

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

Walmart's PhonePe investing $200 mn to set up data centres in India

The Bengaluru-based firm is setting up data centres in India at a time when it has completed three steps to move its domicile to India

Great Indian Festival turning out to be Amazon's biggest-ever event: Tiwary

'Over 4.75 lakh MSMEs benefited from the Amazon Business platform during the festival'

Amazon witnesses biggest ever festive sale in India, says top exec

More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23

Byju's raises $250 mn from existing investors, valuation remains at $22 bn

Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability

Avataar Venture Partners launches new fund, with a target size of $350 mn

Avataar Venture Partners said the launch of the new fund highlights the huge market opportunity in business-to-business (B2B) tech and SaaS sectors which have been resilient through the funding winter

Start-ups tap venture debt to stay afloat amid funding winter, say experts

The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments

Karnataka High Court asks state govt, Ola and Uber to reach a consensus

Ola and Uber moved the court challenging an order issued by the State Transport Department effectively banning auto-rickshaw rides through their apps, following multiple complaints of overcharging

Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances

Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech

Edtech platform Vedantu takes majority stake in Deeksha for $40 mn

This partnership seeks to leverage Vedantu's technology and integrate it into offline centers to create a scalable hybrid model

Will hire 10,000 teachers in next 6 months, says Byju's co-founder

The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023