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PhonePe raises additional $100 mn as part of $1 bn round

Finance

14 February, 2023

PhonePe raises additional $100 mn as part of $1 bn round

Walmart-owned digital payments platform PhonePe said it raised an additional $100 million in primary capital from Tiger Global, Ribbit Capital ......

Vedantu's losses widen on rising costs

TMT

31 January, 2023

Vedantu's losses widen on rising costs

Edtech unicorn Vedantu Innovation Pvt Ltd has widened its losses as the revenues jumped by 80%. The company’s losses increased ......

Nexus leads $7 mn Series A round in B2B firm CapGrid

TMT

30 January, 2023

Nexus leads $7 mn Series A round in B2B firm CapGrid

Business-to-business (B2B) startup CapGrid Solutions Pvt Ltd on Monday said it has raised Series A funding of $7 million (around ......

Dealshare fires 6% staff amid structural rejig

TMT

27 January, 2023

Dealshare fires 6% staff amid structural rejig

Joining the long list of Indian startups that have been trimming their headcount to cut costs, grocery-focussed social commerce startup ......

BharatPe FY22 loss soars due to exceptional item

Finance

26 January, 2023

BharatPe FY22 loss soars due to exceptional item

Fintech unicorn BharatPe posted a net loss of Rs 5,610.7 crore in the last fiscal, rising nearly 3.4x from the ......

Sequoia-backed SirionLabs cuts 130 jobs to realign biz

TMT

26 January, 2023

Sequoia-backed SirionLabs cuts 130 jobs to realign biz

SirionLabs has fired nearly 130 employees globally, becoming the latest in a series of technology companies to trim their workforce ......

Porter offers second ESOP liquidation worth $6 mn

Infrastructure

25 January, 2023

Porter offers second ESOP liquidation worth $6 mn

Intra-city logistics provider Porter has announced its second employee stock option (ESOP) liquidity plan worth Rs 50 crore (around $6.1 ......

Tiger Global, Mubadala-backed unicorn Innovaccer fires 15% staff

TMT

24 January, 2023

Tiger Global, Mubadala-backed unicorn Innovaccer fires 15% staff

Healthtech startup Innovaccer Inc, on Tuesday said it has laid off 245 employees or about 15% of its workforce, becoming ......

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‘We will likely double revenue this fiscal year'

Infrastructure

19 January, 2023

‘We will likely double revenue this fiscal year'

Moglix, a business-to-business (B2B) marketplace for industrial goods, aims to double its revenue this financial year as it continues to ......

Former BetterPlace exec joins Scaler to lead data science, ML ops

People

12 January, 2023

Former BetterPlace exec joins Scaler to lead data science, ML ops

Sequoia Capital-backed edtech firm Scaler on Thursday appointed Manish Pansari as the senior vice president to its data science and ......