Date | Title | Description |
29.10.2024 | Swiggy likely to price $1.35 billion IPO at ₹371-390 per share, sources say | Swiggy will likely price its $1.35 billion domestic initial public offering, which opens next week, at 371-390 rupees per share ($4.41-$4.64), sources with direct knowledge of the matter told Reuters.
The IPO will open for subscription from... |
28.10.2024 | Softbank-backed ElasticRun trims loss as focus on regional brands improves margins | Sandeep Deshmukh, CEO, ElasticRun
Business-to-business e-commerce platform ElasticRun cut its losses by about half in the financial year ended March 2024, as a shift in focus to regional brands improved margins.
The Pune-based startup, whic... |
25.10.2024 | FiberSense Raises US$14M in Funding | FiberSense, a Sydney, Australia-based AI-powered platform specializing in digital infrastructure and smart sensing technology, raised US$14M in funding.
The round was led by Prosus Ventures. Existing investors including Colinton Capital and... |
23.10.2024 | PayU Unveils Brand Ad Film to Showcase Its Role as the Engine Behind Digital Transactions | Mumbai, Maharashtra, India
Following the successful launch of its recent brand refresh, PayU, one of India’s leading digital financial services providers, today unveiled the ‘One PayU’ brand ad film. This film is an extension of PayU’s bran... |
22.10.2024 | E-Commerce and Entertainment: The Dual Engines of Growth in Today's Digital Landscape | In the fast-paced world of digital business, two giants are making waves: Prosus and NIMO. Each represents a different facet of the online economy. Prosus, a subsidiary of Naspers, is diving deep into e-commerce. NIMO, a live streaming plat... |
22.10.2024 | Naspers boss says group to ‘reimagine e-commerce’ through AI | Dutch e-commerce investor Prosus, which is controlled by South African-listed Naspers, plans to invest in artificial intelligence across its businesses, CEO Fabricio Bloisi said, as he seeks to double the company’s value.
The Euronext-liste... |
21.10.2024 | Prosus Expects More IPOs From Its India Portfolio | SUMMARY
The PE firm’s CEO Fabricio Bloisi said that the company remains excited about the prospects in the country.
Bloisi said that the company is now valued around $100 Bn.
Prosus has invested more than $7 Bn in Indian startups so far, ac... |
21.10.2024 | Prosus and Naspers look to turn on e-commerce profit taps | Naspers and Prosus CEO Fabricio Bloisi
Prosus plans to deliver US$400-million in adjusted earnings before interest and tax from its e-commerce operations in the year to end-March, and sees this improving in future, CEO Fabricio Bloisi said.... |
18.10.2024 | Основатель Byju's говорит, что его стартап, который когда-то стоил 22 миллиарда долларов, теперь «ничего не стоит»... | Байджу Равиндран, основатель некогда крупнейшего индийского edtech-стартапа Byju's, признал свои ошибки, выступая перед журналистами в четверг. По его словам, компания, которую ранее оценивали в 22 миллиарда долларов, теперь фактически не с... |
18.10.2024 | Edtech Platform Eruditus Secures USD 150 Mn from TPG's The Rise Fund, Existing Investors Increase Stakes The company plans to deploy the raised funds to expand globally, invest in AI technology, grow ... | Higher education and upskilling platform Eruditus has raised USD 150 million in a Series F funding round, led by TPG's The Rise Fund, a multi-sector strategy within TPG's global impact investing platform.
According to a company statement, e... |
17.10.2024 | Byju Raveendran breaks silence, plans comeback amidst investor, debt crisis | Byju Raveendran, the founder of once the highest-valued edtech Byju’s, broke his silence in nearly two years amidst the company’s financial struggles. In his first public statement since the company’s downward spiral, Raveendran said he wou... |
15.10.2024 | iFood testa nova API da OpenAI para melhorar experiência do usuário | O iFood, em parceria com a equipe de IA do grupo Prosus, está realizando testes com a nova API Realtime, alimentada pelo GPT-4o e foi lançada recentemente pela OpenAI. A empresa de delivery está utilizando o novo modelo de voz para transfor... |
11.10.2024 | Rapido To Get Another Tank Full Of Investments, Likely To Raise $60 Mn From Prosus | SUMMARY
The funding is said to part of the mobility giant’s ongoing $200 Mn round
The company’s valuation will remain unchanged with this round
This comes a month after Rapido turned unicorn after raising $200 Mn as part of its Series E rou... |
10.10.2024 | Venture Capital: The Pulse of Innovation in Asia | In the bustling world of venture capital, Asia is a vibrant landscape. It's a place where ideas bloom and investments flow like rivers. Recent reports reveal a surge in funding across the region, showcasing the relentless drive for innovati... |
10.10.2024 | Deals in brief: MindWorks Capital raises USD 220 million for new fund, Chickin and watchTowr reportedly bag Series A funding, four China deals, and more | MindWorks Capital raises USD 220 million for new startup fund
MindWorks Capital, a Hong Kong-based venture capital firm, has closed a new USD 220 million fund aimed at investing in startups across the Greater Bay Area and Asia, according to... |
04.10.2024 | IPO-bound Swiggy launches 10-minute food delivery with Bolt | Rohit Kapoor, CEO of Swiggy’s Food Marketplace, shared the news on LinkedIn, stating,, “Iconic food brands have been built on the axis of time, taste and convenience. And today a few cities will enjoy the first trial of a unique (and hopefu... |
30.09.2024 | Bookmarks | China calls for real-time censorship of satellite broadband | These are the articles, videos and more that caught the attention of TechCentral’s editorial team at the weekend. China calls for real-time censorship of satellite broadband: China’s proposed satellite broadband regulations demand real-time... |
27.09.2024 | The Financial Titans Gather: ADFW 2024 and the Rise of Impact Investing | In the heart of Abu Dhabi, a financial storm is brewing. The Abu Dhabi Finance Week (ADFW) 2024 is set to gather over 300 speakers, including the titans of global finance. This event promises to be a beacon of innovation and dialogue, drawi... |
26.09.2024 | Navigating New Waters: Netcore Cloud's Strategic Shift and Prosus's Exit from China | In the fast-paced world of technology and investment, companies often find themselves at a crossroads. Two recent developments illustrate this perfectly: Netcore Cloud's ambitious appointment of Siddharth Gopalkrishnan as COO and Prosus's c... |
26.09.2024 | Prosus is said to exit big China tech investment | Naspers-controlled internet investing firm Prosus has fully cut its stake in Chinese online travel agency company Trip.com in a US$743-million block trade, according to people familiar with the matter, becoming the latest international inve... |
26.09.2024 | Swiggy files for $1.25 billion IPO in India's booming stock market | NEW DELHI/BENGALURU :SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India's biggest l... |
25.09.2024 | Monthly Update – August 2024 | Monthly Update – August 2024
Wed, Sep 25, 2024 08:00 CET Report this content
25 September 2024
Ashoka WhiteOak Emerging Markets Trust plc
(the "Company")
Monthly Update – August 2024
The Company's quarterly factsheet as at 31 Augu... |
24.09.2024 | Reframe: The Future of Digital Collaboration Begins with $5 Million Seed Funding | In a world drowning in digital clutter, Reframe Technologies Inc. emerges as a beacon of hope. This startup, co-founded by Jeff Szczepanski, has raised $5 million in seed funding to tackle the chaos of application silos. The digital workspa... |
24.09.2024 | ADFW Unveils Top Finance Leaders Set to Speak at 2024 Edition | The initial cohort of speakers includes senior leaders from global banking institutions such as UBS, State Street, BNY, Santander, Standard Chartered, First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Islamic Bank, Starling Bank and OakNorth Ba... |
23.09.2024 | Reframe emerges from stealth with $5M raise | Reframe, a startup dedicated to redefining the human-computer relationship, today announces it has emerged from stealth and raised $5 million in seed funding. The round was led by Primary Venture Partners, with Eniac Ventures as co-lead, wi... |
19.09.2024 | PayU Unveils Industry-First Biometric Authentication Solution for Card Payments | Mumbai, Maharashtra, India
PayU, one of India’s leading digital financial services providers, has introduced an industry-first biometric authentication solution for card payments – Flash Pay. Designed to simplify the payment experience, inc... |
06.09.2024 | The Rise of Semiconductor Startups: A New Era of Innovation | In the bustling world of technology, semiconductors are the lifeblood. They power everything from smartphones to electric vehicles. Recently, two significant events have highlighted the growing interest in this sector. BigEndian Semiconduct... |
06.09.2024 | VentureSoul Partners declares first close of Rs 600 crore maiden fund; raises Rs 146.5 crore | ETtechL-R: Ashish Gala, Anurag Tripathi, and Kunal Wadhwa, founders, VentureSoul Partners
Venture debt firm VentureSoul Partners has completed the first close of its Rs 600 crore maiden fund, raising Rs 146.5 crore.
Read More News on
Ventur... |
05.09.2024 | Crypto Payments Firm BCB Group Has Received Takeover Interest: Sources
$572 Million Lost to Hacks and Fraud in Q2 -Immunefi | BCB Group has received a takeover approach from an investor.
The approach came while the crypto payments firm was exploring a series B funding round.
The business is not formally up for sale and there are no ongoing negotiations, one source... |
04.09.2024 | Exclusive: Prosus-Backed Airmeet Undertakes Another Restructuring Exercise, Fires 80% Tech Team | SUMMARY
The restructuring exercise also impacted employees from the product and design teams
Overall, around 30 employees, or 20% of Airmeet’s workforce, were laid off in the virtual event startup’s latest restructuring exercise
Airmeet fou... |
30.08.2024 | PayU Partners Mastercard To Offer Cross-Border Issuer Authentication Solutions To Merchants | SUMMARY
Prosus-backed digital payments giant PayU has now launched new solutions on subscription multiplier to help merchants with cross border support and issuer authentication solution
These solutions aim to streamline and secure internat... |
30.08.2024 | PayU Pioneers the Future of Global Payments with Next-Gen Subscription Multiplier and Cross-Border Issuer Authentication Solutions | Mumbai, Maharashtra, India
PayU, one of India’s leading financial services providers, introduced its new solutions on Subscription Multiplier with cross border support and Cross-Border Issuer Authentication Solution - at the Global Fintech ... |
29.08.2024 | The Fintech Revolution: Pismo and PayU Lead the Charge in India | The fintech landscape in India is evolving at breakneck speed. With a surge in digital transactions and a growing demand for innovative solutions, companies like Pismo and PayU are at the forefront of this transformation. Their recent annou... |
29.08.2024 | Monthly Update – July 2024 | Monthly Update – July 2024
Thu, Aug 29, 2024 08:00 CET Report this content
29 August 2024
Ashoka WhiteOak Emerging Markets Trust plc
(the "Company")
Monthly Update – July 2024
The Company's quarterly factsheet as at 31 July 2024 i... |
29.08.2024 | PayU Launches Innovative Push Provisioning Platform for Faster, Secure Card Tokenization Between Banks and Merchants | Mumbai, Maharashtra, India
PayU, one of India’s leading digital financial services providers, announced the launch of its advanced ‘Push Provisioning’ platform at the Global Fintech Festival (GFF) 2024. This new dynamic solution, offered in... |
28.08.2024 | PayU Unveils its Refreshed Brand Identity | Mumbai, Maharashtra, India
PayU, one of India’s leading digital financial services providers, today launched its refreshed brand identity, taking a significant step towards its vision to become India’s largest and most valuable digital fina... |
27.08.2024 | Naspers sees R91-billion digital boost for South Africa | Naspers South Africa CEO Phuthi Mahanyele-Dabengwa
Naspers expects e-commerce and other digital platforms to inject R91.4-billion into the South African economy by 2035.
That would see the sector contribute 1.38% to GDP in just over a decad... |
27.08.2024 | General Atlantic, Prosus ask Supreme Court to hear their concerns in Byju's insolvency | Byju's founder Byju Raveendran | Credit: Reuters
Foreign investors in Indian education technology company Byju's, including General Atlantic, have urged the country's Supreme Court to hear their concerns as judges decide on the future of th... |
24.08.2024 | Naspers CEO grilled over worker rights | Newly appointed Naspers and Prosus CEO Fabricio Bloisi
A trade union-linked Canadian-based share association pitched up at the Naspers AGM this week to seek assurances that alleged controversial labour practices employed by the group’s new ... |
22.08.2024 | Bluestone Snags INR 900 Cr From Peak XV, Prosus, Others In Pre-IPO Funding | SUMMARY
The pre-IPO round saw participation from Peak XV Partners, Prosus, Steadview Capital, Think Investments and Pratithi Investments through a primary and secondary share sale
As per ET, of the total funding round, INR 600 Cr is in prim... |
19.08.2024 | SCB 10X Announces Participation in Funding Round for Ema, a GenAI Firm Creating Universal AI Employees of the Future | Listen to this article
0:00 / 1:38
1X BeyondWords
SCB 10X, the technology investment arm of SCBX Group, has announced their participation in the series A funding round for Ema, a San Francisco-based generative AI company creating Universal ... |
08.08.2024 | Naspers CFO Basil Sgourdos to retire | Basil Sgourdos
Basil Sgourdos, the long-serving chief financial officer of Naspers and its European spin-off Prosus, will retire from both companies at the end of November 2024.
Sgourdos, who had been with Naspers for 29 years, joined the c... |
05.08.2024 | Prosus India’s Ashutosh Sharma on early-stage bets and potential in edtech despite Byju’s | Premium
Ashutosh Sharma, Head of India and Asia investments, Prosus
The Netherlands-based Prosus has invested in several Indian unicorns such as Swiggy, Meesho, Urban Company, Eruditus and The Good Glamm Group. The firm has poured nearly $7... |
31.07.2024 | Ema increases its Series A to $50M, with new funding led by Accel and Section 32 | Ema now raised a total of $61M to date, after adding additional $36M to its Series A
Ema, a generative AI company creating the universal employee of the future, announced its Series A totals $50M, after adding $36M in funding led by Accel a... |
31.07.2024 | Byju’s, BCCI settle payment dispute | Embattled Byu’s has reached an agreement with the Indian cricket board BCCI to settle their dispute over the payment of Rs 158 crore, reports CNBCTV18.
The edtech company has already paid Rs 50 crore to the BCCI while the rest of the money ... |
27.07.2024 | LeafLink's Bold Move: A New Era for Cannabis Banking | In the ever-evolving landscape of cannabis, LeafLink has made a significant leap. The acquisition of Dama Financial's banking division marks a pivotal moment for the cannabis industry. This deal is not just a transaction; it’s a lifeline fo... |
25.07.2024 | The Rising Tide of ESOP Buybacks in India's Startup Ecosystem**
** | ** In the bustling world of Indian startups, a new trend is emerging: employee stock ownership plan (ESOP) buybacks. This financial maneuver is reshaping the landscape for employees and investors alike. Recently, Adda247, a Google-backed ed... |
25.07.2024 | The Rise and Fall of Byju's: A Cautionary Tale in Ed-Tech**
** | ** Byju Raveendran was once the golden boy of India's startup scene. He transformed a simple teaching passion into a billion-dollar ed-tech empire. Byju's, his brainchild, soared to a staggering valuation of $22 billion. But like a house of... |
25.07.2024 | Poland-based salmon company Koral acquired by Captain Fresh | Captain Fresh, a seafood supply chain company, has purchased Koral, a Polish manufacturer and distributor of branded salmon products. The founder of the company, Boguslaw Kowalski, and Abris Capital Partners, a private equity firm specializ... |
23.07.2024 | QIA seeks court injunction to halt sale or transfer of Byju Raveendran’s assets | Qatar Investment Authority (QIA), one of the prominent backers of edtech company Byju’s, has approached the Karnataka High Court to block the selling, pledging, or transferring assets by the company’s founder Byju’s Raveendran. The investor... |
23.07.2024 | Why it may be time to buy South African shares | RMB Morgan Stanley sees South African equities delivering returns that will outperform those for cash and bonds as expected interest rate cuts and reduced load shedding support earnings growth.
South Africa’s prospects “are promising” as st... |
22.07.2024 | Byju's founder Raveendran faces reckoning as startup implodes | Byju's founder Byju Raveendran | Credit: Reuters/Dado Ruvic
Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test.
T... |
22.07.2024 | India ed-tech firm Byju's founder faces reckoning as startup implodes | Previous
FILE PHOTO: Byju's owner Byju Raveendran photo is seen on his company web page in this illustration taken, July 17, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: BYJU'S owner Byju Raveendran photo is seen on his comp... |
22.07.2024 | Rohit Bansal and Kunal Bahl reserve 200X return from Urban Company | The co-founders of Snapdeal, Kunal Bahl and Rohit Bansal, have seen a significant return on their investment through Urban Company through Titan Capital, their early-stage investment platform.
According to sources, the two had contributed a... |
19.07.2024 | Indian ed-tech giant Byju's faces total shutdown if insolvency proceeds, CEO says | NEW DELHI : Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court fi... |
18.07.2024 | Kunal Bahl and Rohit Bansal book 200X return from Urban Company | Snapdeal co-founders Kunal Bahl and Rohit Bansal have made a hefty return on their investment in Urban Company via their early-stage investment platform Titan Capital.
Through Titan Capital, the duo had invested Rs 57 lakh total in Urban Co... |
17.07.2024 | Dharana Capital bets $50 mn on Urban Company | (From left) Urban Company founders Varun Khaitan, Raghav Chandra and Abhiraj Bhal
India-focused investment firm Dharana Capital, which has domestic-backed companies such as NoBroker, Zomato, Zopper, Lentra and Itilite, has invested Rs 400 c... |
17.07.2024 | Urban Company concludes $63 Mn secondary led by Dharana Capital | Vy Capital’s offshoot Dharana Capital has bought $50 million worth of secondary shares from employees, early investors and founders. Significantly, this transaction is a part of a $63 million secondary round in which Prosus also participate... |
17.07.2024 | As NCLT acknowledges insolvency resolution, creditors may seize control of Byju’s | The Indian Cricket Board has filed a plea, forcing Byju’s—once the most valuable Indian startup—to go through the insolvency resolution process at the National Company Law Tribunal (NCLT).
In accordance with section 9 of the Insolvency and ... |
16.07.2024 | Creditors may take over Byju’s as NCLT admits insolvency resolution | Byju’s, once the highest valued Indian startup, is set to face insolvency resolution process at the National Company Law Tribunal (NCLT) following a plea filed by the Indian cricket board.
The Board of Control of Cricket in India (BCCI) had... |
15.07.2024 | Ahead of IPO, Swiggy rolls out ESOP liquidity program worth $65 Mn | Food delivery and quick commerce decacorn Swiggy has announced an ESOPs liquidity programme worth $65 million. This marks its fifth ESOP liquidity event at Swiggy since 2018. Its staff across levels and functions will have the option to rec... |
15.07.2024 | Swiggy launched $65 M ESOP liquidity program prior to its IPO | A $65 million ESOPs liquidity program has been announced by Swiggy. Since 2018, Swiggy has had five ESOP liquidity events. All of its employees, regardless of rank or function, will be able to obtain secondary liquidity for their ESOPs.
Aft... |
25.06.2024 | Flipkart Held Talks With Swiggy For Stake Purchase, Says Report; IPO-Bound Startup Denies | SUMMARY
The talks fizzled out as the two segment giants failed to come to consensus over the valuation and Flipkart’s bid to acquire majority stake, a report by ET said
Swiggy’s investor Prosus was also part of the negotiations and was “kee... |
25.06.2024 | India: Prosus writes off Byju's investment, records $493m loss | Netherlands-based technology investor Prosus has written off the value of its 9.6% stake in Byju’s, once considered one of the most valued startups in India. |
25.06.2024 | Zomato Extends Lead Over Swiggy, Has 57% Market Share In Food Delivery: Goldman Sachs | SUMMARY
On the basis of Prosus’ disclosure of Swiggy’s 2023 financial performance, Goldman Sachs estimated that Zomato gained about 200 basis point market share in the food delivery segment
Analysts at the brokerage said that no player like... |
24.06.2024 | Naspers profit doubles on Tencent, e-commerce | Naspers said on Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China’s Tencent, which accounts for the bulk of earnings and revenues.
The technology investo... |
24.06.2024 | Bob van Dijk’s insane Naspers pay cheque: R1 million a DAY! | Bob van Dijk Naspers CEO. Image: World Economic Forum/Faruk Pinjo / Flickr
Naspers’ former Dutch CEO Bob van Dijk took home a eye-watering R333 million pay cheque for the latest financial year.
That added up gave Van Dijk a salary payout am... |
24.06.2024 | Swiggy’s revenue up 24% in CY23: Prosus | IPO bound food and delivery major Swiggy’s revenue grew 24 per cent in the last calendar year, according to the Dutch-listed technology investment firm Prosus’ annual report. The firm didn’t disclose Swiggy’s revenue figure in 2023.
Also re... |
24.06.2024 | Emeritus to Debut in National Training Week 2024; Set to Empower 10,000 Malaysians with Free Access to 'Emeritus Insights' Platform | Emeritus, the World's No 1 Edtech in 2024 as ranked by TIME, is partnering with NTW, offering 10,000 learning licenses worth USD 100 each and contributing to life-long learning of Malaysians
KUALA LUMPUR, Malaysia, June 24, 2024 /PRNewswire... |
24.06.2024 | IPO-Bound Swiggy’s Revenue Soars 24% In 2023, GOV Jumps 26% YoY: Prosus | SUMMARY
Swiggy saw a 26% YoY increase in gross order value, while its “ever transacted” user base touched the 104 Mn mark in 2023
The unit economics of Swiggy Instamart continued to improve on the back of larger basket sizes, larger user ba... |
06.06.2024 | HSBC pegs Byju’s valuation to zero from $22b high | ManagementNews
Gabriel Budi Sutrisno · 4h ago · 2 min readHSBC pegs Byju’s valuation to zero from $22b high
Byju’s co-founder Byju Raveendran / Photo credit: Byju’s
Once at US$22 billion, HSBC has pegged the valuation of Indian edtech firm ... |
27.05.2024 | Prosus’ New Chief On Synergies Between Swiggy, Germany’s Delivery Hero | SUMMARY
Prosus’ new CEO Fabricio Bloisi said the investment giant is open to exploring collaboration opportunities between the two food delivery giants
He also believes that Swiggy’s experience with Instamart and quick commerce in India can... |
24.05.2024 | Out with the bean counters: the rise of the tech-savvy CEO | Digitisation is changing the skills profile of executives leading successful modern organisations. Whereas finance and accounting skills dominated the C-suite in previous years, technical competence in fields like software engineering are i... |
22.05.2024 | Urban Company Unveils Fifth ESOP Sale Prog Worth INR 203 Cr | SUMMARY
The company’s existing investors Vy Capital, Prosus, along with Dharana Capital will be purchasing these shares
So far, Urban Company has granted ESOPs to 1,593 employees and ex-employees and of these 784 employees and ex-employees ... |
22.05.2024 | Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr | - |
22.05.2024 | Urban Company announces ESOP secondary sale worth Rs 203 Cr for 446 employees | Home service marketplace Urban Company has announced its largest employee stock secondary sale worth Rs 203 crore (nearly $25 million). This is the fifth ESOPs buyback wherein 446 employees have participated, according to the company’s pres... |
20.05.2024 | Fabricio Bloisi outlines his plan for Naspers and Prosus | Newly appointed Naspers and Prosus CEO Fabricio Bloisi
Newly appointed Naspers and Prosus CEO Fabricio Bloisi said he will not change the strategic direction of the two interlinked companies, although he does aim to put “entrepreneurship at... |
17.05.2024 | Fabricio Bloisi is new Naspers and Prosus CEO | Fabricio Bloisi
Fabricio Bloisi will replace Bob van Dijk as group CEO of Naspers and its European-listed spinoff, Prosus, the two companies said on Friday.
Bloisi is CEO of iFood, Brazil’s leading food delivery company, which he acquired i... |
17.05.2024 | Prosus and Naspers name iFood head Bloisi as new CEO | JOHANNESBURG :Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last Septe... |
17.05.2024 | Fabrício Bloisi, fundador da Movile e Ex-CEO do iFood, assume a presidência da Prosus e Naspers | Fabrício Bloisi, renomado empreendedor brasileiro e figura chave no sucesso do iFood, acaba de ser nomeado presidente da Prosus e Naspers, gigantes globais de internet. Apesar de sua nova posição, o executivo continuará como presidente do c... |
17.05.2024 | Prosus and parent Naspers name Fabricio Bloisi as CEO | Dutch-listed investment firm Prosus and its parent Naspers appointed Fabricio Bloisi as chief executive officer. He replaces long-time CEO Bob van Dijk who abruptly resigned last September.
Prosus, which is an investor in start-ups like Byj... |
13.05.2024 | Meesho appoints former Flipkart executive Surojit Chatterjee as independent director | E-commerce startup Meesho has appointed Surojit Chatterjee as an independent director to its board.
He was the chief product officer (CPO) of Coinbase, the cryptocurrency exchange platform and was the former senior vice president (SVP) of F... |
11.05.2024 | Meesho closes $275 million funding; to raise more funds | E-commerce company Meesho has closed a $275 million funding round through a mix of primary and secondary share sales. The filing with the US Securities and Exchange Commission (SEC) showed share transfer at Meesho’s US parent firm without o... |
08.05.2024 | Emeritus Claims Top Spot on TIME Magazine's 'World's Top EdTech Companies of 2024' Ranking | Emeritus leads the way among edtech companies, standing out for its strong financial performance, global impact, and significant industry influence, as recognised by TIME Magazine
MUMBAI, India, May 8, 2024 /PRNewswire/ -- Emeritus, a globa... |
02.05.2024 | PharmEasy's Valuation Rollercoaster Ride | PharmEasy, the epharmacy giant, recently raised INR 1,804 Cr through a rights issue, but at a jaw-dropping 90% valuation cut. API Holdings, the parent company, issued 18.63 Cr CCPS B at INR 96.8 each, a far cry from its peak valuation of $5... |
30.04.2024 | PharmEasy raises $216m in round led by Ranjan Pai's MEMG: Report | Indian online pharmacy platform PharmEasy has raised Rs 1,804 crore ($216 million) in a round led by Ranjan Pai’s Manipal Education and Medical Group (MEMG) and existing investors, Entrackr reported.
MEMG led the round with Rs 800 crore, wh... |
29.04.2024 | PharmEasy Rights Issue: Epharmacy Raises INR 1,804 Cr At A 90% Valuation Cut | SUMMARY
API Holdings passed special resolutions to allot 18.63 Cr CCPS B at an issue price of INR 96.8 each, translating into a total of INR 1,804 Cr
The rights issue has been executed at a 90% valuation cut compared to the startup’s peak v... |
25.04.2024 | Swiggy Backer Prosus Promotes Ashutosh Sharma To Lead India, SEA Investments | SUMMARY
Sharma has been promoted to pursue early and growth stage opportunities in Southeast Asian markets, besides India
This comes at a time when two Indian startups backed by Prosus, Swiggy and PayU, are prepping up to go public
Owned by... |
24.04.2024 | PayU to onboard new merchants as it gets PA license from RBI | PayU has received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator. The nod will also allow the fintech firm to onboard new merchants on its platform.
Back in January 2023, the apex banking body ... |
10.04.2024 | Swiggy's New Independent Director Signals IPO Readiness | Swiggy, the food delivery giant gearing up for its IPO, has appointed Suparna Mitra as an independent director. With over 30 years of experience in lifestyle and retail, Mitra joins a distinguished board including industry heavyweights like... |
09.04.2024 | Byju's vs Investors: A Battle of Titans | Byju's, the embattled edtech giant, is locked in a fierce dispute with its investors, leading to a legal showdown at the National Company Law Tribunal (NCLT). The company has filed an application seeking arbitration, citing a clause in its ... |
09.04.2024 | Byju's Edtech Firm Resumes Salary Payouts After 2-Month Delay | Byju's, the embattled edtech firm, has finally started disbursing employee salaries after a prolonged two-month delay. Despite facing financial constraints and being barred from using funds from a recent rights issue, the company has manage... |
09.04.2024 | Byju Raveendran's Fall from Grace: A Billionaire No More | Forbes Richest List 2024 revealed a shocking twist for Byju Raveendran, once a billionaire with a net worth of $2.1 billion, now reduced to zero. The edtech giant, Byju's, faced a series of crises leading to this downfall, including financi... |
09.04.2024 | 'Pleased to inform': Byju's begins salary payout after delay of 2 months | Edtech firm Byju's has started salary payments after delaying them for the past two months. This comes as the company is barred from using the proceeds of a recently floated rights issue.
"We are pleased to inform you that salary disbu... |
04.04.2024 | Retail, food and education top tech layoffs list so far in 2024, shows data | Some sectors accounted for the bulk of the fresh layoffs in the startup technology space in 2024.
Around 85 per cent of the layoffs in the public domain are from three sectors, shows a Business Standard analysis of data from tracker Layoffs... |
04.04.2024 | IPO-bound Swiggy appoints Suparna Mitra as an independent director | Swiggy has announced the appointment of Suparna Mitra as an independent director to its board. The move comes at a time when the Prosus-backed foodtech company is readying itself for public listing.
Mitra, who was the CEO of Titan Company L... |
04.04.2024 | Forbes list: Byju Raveendran no longer a billionaire, now has $0 net worth | Forbes Richest List 2024: A year ago, Byju Raveendran's net worth stood at Rs 17,545 crore ($2.1 billion), and he was prominently featured in various prestigious 'world's richest' lists. However, the recently released Forbes Billionaire Ind... |
04.04.2024 | Byju’s vs Investors: Byju’s seek arbitration, files application with NCLT | The embattled edtech major Byju’s has filed an application with the Bengaluru bench of the National Company Law Tribunal (NCLT) to refer its dispute with the investors for arbitration.
The company argued that there is an arbitration clause ... |
04.04.2024 | Swiggy appoints Suparna Mitra as new independent director | IPO-bound food and delivery major Swiggy has appointed Suparna Mitra as an Independent Director to its board.
Mitra, CEO of Titan Company Ltd’s Watches and Wearables Division, brings over 30 years of experience in lifestyle and retail. She ... |
01.04.2024 | Byju's delays salaries for 2nd month in a row amid rights issue dispute | Edtech major Byju’s is grappling with another setback as it faces delay in paying salaries to employees. The delay stems from funds raised through a recent rights issue, which have been locked in a ‘separate account’ due to the ongoing disp... |