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Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

TMT

12 January, 2024

Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on ......

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Flashback 2023: Flipkart, PhonePe lead tech deal value; AI-powered startups new flavour in town

TMT

27 December, 2023

Flashback 2023: Flipkart, PhonePe lead tech deal value; AI-powered startups new flavour in town

This year may have been sluggish when it came to overall deal momentum of the tech sector in Indian startup ......

Lightspeed-backed Udaan converts debt into equity, pushes back listing plan

TMT

14 December, 2023

Lightspeed-backed Udaan converts debt into equity, pushes back listing plan

Business-to-business unicorn Udaan has converted some debt into equity as part of its Series E funding round and pushed back ......

Udaan lays off about 350 employees in second round of layoffs

TMT

04 November, 2022

Udaan lays off about 350 employees in second round of layoffs

Business-to-business unicorn Udaan is firing up to 350 employees in the second round of layoffs since June, as the startup ......

Cred FY21 losses widen as marketing spends grow manifold

Finance

04 March, 2022

Cred FY21 losses widen as marketing spends grow manifold

Credit card payment platform Cred, owned and operated by Dreamplug Technologies Pvt Ltd, reported a 45% increase in its net ......

Tiger Global leads $82 mn funding in earned wage access platform Refyne

Finance

12 January, 2022

Tiger Global leads $82 mn funding in earned wage access platform Refyne

Earned wage access (EWA) platform Refyne, owned and operated by Refyne Tech Pvt Ltd, has raised $82 million (around Rs ......

Udaan net loss little changed as revenue surges over six-fold

Finance

11 January, 2022

Udaan net loss little changed as revenue surges over six-fold

Bengaluru-based business-to-business (B2B) marketplace Udaan, owned and operated by Trustroot Internet Pvt. Ltd., managed to cut its net loss for ......

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Deals Digest: PE/VC funding value jumps over three-fold, adds 3 unicorns

Finance

26 November, 2021

Deals Digest: PE/VC funding value jumps over three-fold, adds 3 unicorns

The total value of new private equity (PE) and venture capital (VC) deals rebounded strongly after falling consecutively for the ......

Dream Sports raises $840 mn at $8 bn valuation led by Falcon Edge, DST, others

Consumer

24 November, 2021

Dream Sports raises $840 mn at $8 bn valuation led by Falcon Edge, DST, others

Dream Sports, which owns fantasy sports platform Dream11, on Wednesday said it has raised $840 million (Rs 6248 crore) from ......

Cross-border neobank Zolve raises $40 mn Series A funds led by partners of DST Global

TMT

27 October, 2021

Cross-border neobank Zolve raises $40 mn Series A funds led by partners of DST Global

Zolve Innovations, which operates a neobank that aims to ease access to financial services for users traveling from India to ......