Prosus writes off entire 9.6% stake worth $500 Mn in Byju’s
In a stunning turn of events, the once-high-flying Bengaluru-based edtech startup BYJU'S has had its entire investment written off by...
Swiggy’s operating losses in CY23 down by 55% to $261 Mn
One of the top meal delivery services in India, Swiggy, has made great progress toward cutting its operational losses by...
Byju’s challenges NCLT directions on second rights issue in Karnataka HC
Leading EdTech business Byju's has filed a case with the Karnataka High Court to challenge a ruling made by the...
Bengaluru-based B2B startup ReshaMandi cuts 80% workforce after being unable to acquire funding
ReshaMandi, a well-known B2B marketplace for silk reelers and sericulture producers, had to fire 80% of its employees due to...
Fit & Flex from Shark Tank India S3 sues Sony after accusations of trademark violations
In a surprising turn of events, FMCG startup Fit & Flex has found itself embroiled in a legal battle with...
British Independent Retailers Association files $1.3 Bn lawsuit against Amazon over data misuse
Amazon is the target of a historic lawsuit brought by the British Independent Retailers Association (BIRA), which claims that the...
Mumbai based luggage brand EUME raises $1.7 Mn funding in pre-Series A round
Mumbai-based Direct-to-Consumer (D2C) baggage producer EUME raised INR 15 crore ($1.7 million) in a Pre-Series A fundraising round. Leading investor...
Zepto raises $665 Mn at a valuation of $3.6 Bn ahead of major IPO
A noteworthy advancement for the fast commerce industry, Zepto, a Mumbai-based firm, has raised $665 million (about Rs 5,560 crore)...
Binance found operating without anti-money laundering law compliance, fined Rs 18 Cr
Significantly, the largest cryptocurrency exchange in the world, Binance, was fined Rs 18.8 crore by India's Financial Intelligence Unit (FIU)...
Emcure Pharma receives SEBI nod for IPO of Rs 800 Cr equity sale and OFS of 1.36 Cr equity shares
The Securities and Exchange Board of India (SEBI) has given the go-ahead for Emcure Pharmaceuticals, a well-known pharmaceutical firm with...