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Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India

Since 2013, when its India e-commerce operations first started, Amazon has invested over $6.5 billion

Byju's announces plans for Aakash IPO in 2024 amid funding crunch

Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm

Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal

The firm is leading in the electric two-wheeler segment and has sold over 35,000 units in May. Riding on its highest-ever monthly sales in May, Ola has captured a market share of over 30 per cent

Amazon Web Services India and South Asia head Puneet Chandok resigns

The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees

Edtech major Byju's lenders discard talks to restructure $1.2-billion loan

Lenders may put pressure on Byju's to liquidate US assets to part-repay

India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report

Collaboration and customer-centric business development among factors enabling country's capacity

Meesho becomes world's fastest shopping app to cross 500 mn downloads

Meesho's Android app is the lightest e-commerce app in India on Google Play, according to data analytics provider data.ai

Amazon now part of India's social fabric: Country Manager Manish Tiwary

'No change in intent to experiment with right framework or interest to invest in India', he says

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