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Startup

Startup Shakeup: Big Moves in Tech, Layoffs, and Fund Closures Mark the Start of 2024

Sana Gori -
In a seismic shift in the tech landscape, major players are making strategic moves as they navigate the evolving industry landscape. Here's a roundup...
Bank

Go First Airlines Prepares to Resume Operations, Plans 152 Daily Flights

Nidhi Mishra -
Go First Airlines, currently under insolvency resolution, has informed the Directorate General of Civil Aviation (DGCA) that it is ready to operate 152 daily...
Bank

Byju’s Faces Deadline for $40 Million Payment of $1.2 Billion Loan

Nidhi Mishra -
Byju's, the prominent edtech company, is facing a critical deadline for the payment of $40 million as part of its $1.2 billion loan. The...
Bank

Byju’s Valuation Slashed by BlackRock, Now Stands at $8.4 Billion, a 62% Reduction

Nidhi Mishra -
BlackRock, the global investment management corporation, has once again revised its valuation of Indian edtech giant Byju's, reducing it by a significant 62%. The...
Business

Meesho’s Valuation Revised Downward: Fidelity Investments Cuts it by 10% to $4.4 Billion

Nidhi Mishra -
Fidelity Investments, a prominent global investment firm, has reduced the valuation of Meesho, an Indian e-commerce reselling platform, by 10%. The revised valuation now...
Business

Ambani-Backed EV Manufacturer Targets $85 Million Funding, Aims for $359 Million Valuation

Nidhi Mishra -
Aiming to accelerate its ambitious plans in the electric vehicle (EV) industry, an EV manufacturer backed by Indian business magnate Mukesh Ambani is seeking...
Bank

Laundry Mate, Co-founded by Big Basket’s Abhinay Choudhari, Secures $6.25 Million in Funding

Nidhi Mishra -
LaundryMate, the on-demand laundry services startup co-founded by Abhinay Choudhari, one of the co-founders of online grocery platform BigBasket, has successfully raised $6.25 million...
Bank

SoftBank Sets Sights on Five Indian Start-ups, Potential Investments of Up to $100 Million Each

Nidhi Mishra -
SoftBank, the renowned Japanese conglomerate and venture capital firm, is actively exploring investment opportunities in five Indian start-ups, with potential funding of up to...
Bank

Public Transport Tech Firm Chalo Raises $45 Million, Aims for Global Expansion.

Nidhi Mishra -
Chalo, a leading public transport technology firm, has successfully raised $45 million in a recent funding round, signaling a significant boost for the company's...
Business

Physis Capital Secures $50 Million in First Close of Fund for Start-ups

Nidhi Mishra -
Physis Capital, a leading venture capital firm, has announced the successful first close of its fund, raising an impressive $50 million dedicated to supporting...
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