Ola Electric, which recalled 1,441 two-wheelers in April, is set to launch its first electric car on August 15
LetsVenture was selected for the accelerator program earlier this year, through which the VC plans to support around eight startups in the first phase
Despite a global crypto crash and a hazy regulatory environment in India around Crypto, Lakhani said that he is bullish on the Web3 ecosystem.
Little Black Book's acquisition will enable Nykaa to strengthen its content delivery and drive discovery for brands, the company said in the filing.
Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4.
The meeting comes at a time when many unicorns, over the last two years, had openly talked about getting publicly listed in the medium term
Contenders are scrambling as the ed-tech incumbents are fumbling. But will their performance be any better?
The company confirmed that less than 100 employees have been let go after a performance review that LEAD carries out yearly.
Asish Mohapatra and Ruchi Kalra, alums of IIT and McKinsey, created history by becoming India's first husband and wife team to build their startups into unicorns - OfBusiness and Oxyzo. While Mohapatra is the CEO of OfBusiness, Kalra is the CEO of Oxyzo. What's more - Both their startups are profitable. But what do their startups do? How did they go from bits to billions? When will their companies go IPO? Watch them in conversation on Bits to Billions.
With the development, AWE has joined the list of funds like Sequoia India, Elevation Capital, and Accel India which have launched new funds focusing on investment in India.
Investors do admire and encourage an entrepreneur’s passion given that it drives the entrepreneur and the enterprise. But investors also are able to bring in more objectivity to business projections
The company also said that Negi will lead BharatPe through its path to an initial public offering (IPO) in 18 to 24 months. Notably, the company did not have an appointed CFO prior to this announcement.
Previously, the chief executive officer (CEO) of Prione, a joint venture between Amazon and private equity fund Catamaran, Jathar has led multiple functions at Amazon from 2011 to 2017. Interestingly, he was also a member of the launch team for Amazon's India business.
In a tweet, the Commerce and Industry Minister said "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth."
The IGRB's order comes as a relief to Great Learning and Byju's group companies, which were under fire for mis-selling and mis-representation.
According to sources, permanent employees from sales and training teams were laid off over the last month.
The participation of major PSU banks is key to the success of AA’s framework as it will open a window for a huge pool of the banks’ customers to use the framework and allow easy access to financial services
In July, UpGrad Rekrut, a subsidiary of the edtech unicorn, acquired recruitment and staffing firm Wolves India
The businesses that have come up in Kota over the past three decades provide direct and indirect livelihood to more than 200,000 people. The town is humming again after a temporary setback caused by COVID-19
Co-founder Siddharth Maheshwari said that many early-stage startups, bearing the brunt of the funding slowdown in the edtech space, are now reaching out to companies like Newton School, requesting an acquisition.
Avends Future Leaders, the investing arm of Avendus Group, has two funds and has invested in 11 companies to date including Xpressbees. The company had launched its first fund in 2019 and said that it has deployed it fully
Unacademy told the educators that it has made 'strategic changes' to its customised learning solutions and owing to the change, it will 'significantly' reduce doubt solving on its platform.
Founder and CEO Shashank Kumar confirms layoffs but says the number is not in triple digits. DeHaat raised $115 million in 2021 in what was the largest funding round for an Indian agritech startup
The closure of the deal comes after a long-winding legal wrangle between PhonePe and IndusOS shareholders Affle and Ventureast Fund on the valuation of IndusOS.
Jeetu Bhaiya, a character spun off by Netflix in its hit series on Kota, called Kota Factory, was inspired by Nitin Vijay. Vijay founded Motion Education, one of Kota’s most famous coaching centres, and he has a lot of advice and suggestions for IIT and medical aspirants.