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Gaming unicorn Mobile Premier League goes into global expansion mode

MPL recently launched its app in Nigeria, marking its first foray into the African gaming market. With this move, MPL is now present on four continents: Asia, North America, Europe, and Africa

Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding

Scaler says it has merged Delhi-based coding instructor with itself for growth and expertise in business

Mensa Brands lays off 30 from recently-bought India Lifestyle Network

In November 2021, Mensa Brands raised $135 million at a valuation of nearly $1.2 billion, making it the fastest Indian start-up to reach unicorn status

BlackRock cuts edtech giant Byju's valuation by 62% in a year to $8.4 bn

BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023

BigBasket co-founder Abhinay Choudhari's LaundryMate raises $6.25 mn

Blume Founders Fund and several HNIs, including Ola co-founder Ankit Bhati, participated in the pre-Series A round

Razorpay unveils India's fastest one-step payments solution Turbo UPI

Razorpay Turbo UPI aims to deliver a 5X faster payment experience, streamlines the payment process and eliminates any redirection to external apps

Rise of Generative AI impacting people across jobs: Coursera's Shravan Goli

Firm's COO also said that India is one of Coursera's fastest-growing markets and is critical to the edtech giant's global strategy

Delhi High Court provides relief to Ola, Rapido; stays taxi ban order

A division bench of Justices also directed Transport Department to refrain from taking any coercive measures against Rapido and other ride-sharing platforms until a comprehensive policy is formulated

PhonePe links 2 lakh Rupay credit cards to UPI, says it is first to do it

Enables Rupay card acceptance across 12 million merchant outlets in the country

Online recruiter Apna to help Indians find work in global markets

Start-up will facilitate work in sales, business development, customer support, manufacturing

Amazon leads $20 mn funding round in children's fashion brand Hopscotch

Start-up says it will use the money for marketing, broaden its selection, get more customers

Fashion retailer Myntra launches ChatGPT feature, says industry first

Tool allows users to choose looks from over 2 mn styles, get advice on what to wear

IBM expanding in tier-2, tier-3 locations in the country: IBM India MD

Amidst global economic uncertainty, tech giant IBM isn't seeing any sign of a slowdown in India, said Sandip Patel, managing director, IBM India

Builder.ai gets $250 mn from Qatar Investment Authority, valuation up 1.8x

The funding will fuel the company's innovation pipeline allowing further investments in talent, partnerships, and technology

Public transport tech firm Chalo raises $45 million, to expand globally

The funding would help the firm to expand its presence in international markets after its successful entry into South-East Asia

PhonePe raises another $100 mn from General Atlantic as part of $1 bn plan

The company has raised a total of $850 million from several global investors, including $550 million from General Atlantic alone

Amazon Fresh enters over 60 Indian cities with expanded list of groceries

The e-commerce firm would offer free shipping, or free delivery on all orders above Rs 249

Proposed angel tax norms: Start-ups may get a funding boost, say top VCs

They said the proposed norms aim to expand valuation methodologies and eliminate price differentials between resident and non-resident investors

Delhivery to make a strategic investment in retail tech firm Vinculum

Through this investment, the two companies will build a complete integrated stack to address the entire range of post-purchase needs of a D2C brand

Unacademy skips cash appraisal, speeds up ESOP vesting period by a year

Move to skip cash appraisals driven by firm's goal to achieve at least four quarters of profitability ahead of IPO