This is the first reported instance of layoffs at Physicswallah, the only profitable edtech unicorn in India
Indian founders expect OpenAI’s progress to slow down, and feel that Microsoft CEO Satya Nadella should allay fears
According to CIBIL, among those who took personal loans of less than Rs 50,000 in the first quarter of the current fiscal, half of them had more than four existing loans. For the same category, only 17 percent had more than four loans before Covid, indicating a level of overleveraging not seen in the recent past.
Since 2011, Singaporean voters have sent a consistently strong message that they would like fewer foreigners in their midst. Strict controls on overseas-worker visas since then have affected all industries, including fintech. While the local talent pool is limited in breadth and depth, hiring overseas remains a hot-button political issue
The decision will allow the authorities to distinguish legitimate transactions from fraudulent ones
The company, which was founded in 2020, ran a platform to teach co-curricular skills to kids aged 6-16 in India until the beginning of 2023. This B2C model now only makes up for 10 percent of its India revenue.
BharatPe had filed a criminal complaint with the Economic Offences Wing on 17 counts, including embezzlement, forgery, and criminal breach of trust
Gopalakrishnan's words come at a time when Infosys founder NR Narayana Murthy's statement that youngsters should work 70 hours a week stirred controversy among India's netizens.
Buy a product, make a video convincing your friends to buy it, make money, repeat – termed "social commerce" – analysts say this is ecommerce's future and a $100 billion market by 2025. Flip is entering this space amid Amazon missing a compelling social platform and TikTok's limited inroads into shopping
This is DeHaat’s seventh acquisition deal overall and fourth in the output domain post the twin acquisitions of YCook India Pvt Ltd and FieldFresh Foods last year
While the company's Singapore business turned loss-making, Great Learning managed to reduce its overall losses in FY23 to Rs 210 crore from Rs 266 crore in the preceding fiscal.
Whatfix has told its employees in an internal email that this move by WalkMe is a result of Whatfix's success in the international market and that WalkMe has a history of resorting to legal action against its competitors
In a complaint to Mumbai Police, Info Edge alleges that Yadav has made several high-value transactions to individuals, companies and vendors associated with him.
General Autonomy’s vision is to "build AI-driven machines", which will make mass manufacturing agile and distributed like software development, co-founder Fareed Ahsan has said
Jefferies India upgraded the stock to buy from hold and increased its target price to Rs 385 a share, up 19 percent
Amagi raised a $100-million investment from private-equity firm General Atlantic at a valuation of $1.4 billion last year.
An entity of Pai purchased all the NCDs of Davidson Kempner on NSE Cbrics platform, putting an end to the longstanding troubles between the edtech and investment management firm Davidson Kempner. As per the terms of the deal, Pai will also secure a seat on Aakash's board.
SoftBank ready for big ticket investments whenever there's an opportunity, says management
Japanese mega investor in tech says it received proceeds of $5.12 billion in Arm IPO
Sources say the new round will either be a bridge or a down round. Waycool was last valued at $700 million in June 2022 and is unlikely to see an uptick in valuation in the ongoing round.
Any hopes of a recovery by WeWork have been dashed by its latest results which show that the company’s core business continues to be deeply loss-making
Founded in 2020, OSlash raised $5 million in a bridge round from more than 40 investors and founders including Kunal Shah, CEO of Cred.
Investors continue to sit on money as they adopt a wait-and-watch approach. However, early-stage remains top priority for many investors.
While Info Edge’s cash infusion in the startup stood at Rs 288 crore, the rest is the notional loss from a higher valuation that the startup commanded earlier. Info Edge has a 59% stake in the proptech firm.
Early investors, including Peak XV and Stellaris Venture Partners, told Moneycontrol that they are not exiting any time soon as they see huge potential and headroom for growth.