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ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

TMT

21 November, 2023

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

India's federal financial crime-fighting agency has issued a show-cause notice to ed-tech company Byju's for alleged violations of foreign exchange ......

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Affirma Capital charts over $300 mn exit from India tech investment

TMT

10 November, 2023

Affirma Capital charts over $300 mn exit from India tech investment

Emerging markets-focused private equity firm Affirma Capital has set the ball rolling to make a partial exit with high returns from an India portfolio company that has ......

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General Atlantic to acquire minority stake in traveltech platform TBO

TMT

23 October, 2023

General Atlantic to acquire minority stake in traveltech platform TBO

US-based private equity firm General Atlantic has agreed to acquire a minority stake in traveltech company TBO Tek Ltd, which operates the online travel ......

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Exclusive: General Atlantic set to seal secondary PE deal with Affirma portfolio firm

TMT

19 October, 2023

Exclusive: General Atlantic set to seal secondary PE deal with Affirma portfolio firm

US-based private equity major General Atlantic, which makes both late-stage venture capital and growth equity transactions in India, is in ......

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

TMT

18 October, 2023

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

Walmart-owned Indian digital payments unicorn PhonePe's revenue surged 77% during the year ended March 2023, on the back of rapid ......

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General Atlantic-backed Amagi in talks with sovereign funds to raise $250 mn

TMT

10 October, 2023

General Atlantic-backed Amagi in talks with sovereign funds to raise $250 mn

Media technology firm Amagi is in talks with new and existing investors to raise as much as $250 million in ......

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SoftBank-backed Oyo may get two new investors as IPO wait stretches

TMT

05 October, 2023

SoftBank-backed Oyo may get two new investors as IPO wait stretches

Global private equity firms General Atlantic and Norwest Venture Partners are in talks to pick a secondary stake in Oravel ......

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Bottomline: General Atlantic-backed Acko's FY23 revenue growth slows, losses widen

Finance

04 October, 2023

Bottomline: General Atlantic-backed Acko's FY23 revenue growth slows, losses widen

Insurtech unicorn Acko, which has been diversifying its offerings beyond general insurance to health and life insurance, recorded a wider ......

SoftBank, General Atlantic-backed Biofourmis' founder steps down as CEO

Healthcare

31 August, 2023

SoftBank, General Atlantic-backed Biofourmis' founder steps down as CEO

Healthtech startup Biofourmis’ founder Kuldeep Singh Rajput has resigned from the position of chief executive officer abruptly. A Biofourmis spokesperson confirmed ......

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Bottomline: Absolute Barbeque FY23 margins stagnant despite steady topline growth

Consumer

17 August, 2023

Bottomline: Absolute Barbeque FY23 margins stagnant despite steady topline growth

Absolute Barbeque Pvt. Ltd, which operates casual dining chain Absolute Barbecues, reported a mild growth in its margin for the ......