Edtech Giant’s Troubles Deepen!! The troubles keep piling up for BYJU’S. The once high-flying edtech startup is now facing a major setback as over 100 of its tuition centres across India have been shut down. Landlords, frustrated by months of unpaid rent and utility bills, have taken drastic action, locking out the company. The crisis…
Food delivery apps Swiggy and Zomato are adding a pinch of extra cost to your online orders. The startups have hiked their platform fees by a spicy 20%, from Rs 5 to Rs 6 per order. This extra charge, now sizzling in Delhi and Bengaluru, will soon spread its heat to other cities. Don’t be…
Google’s parent company, Alphabet, is about to drop a bomb on the tech world! whopping $23 billion on cybersecurity startup Wiz We’re talking a massive $23 billion cash explosion to snatch up cybersecurity startup Wiz. This isn’t just a purchase; it’s a power grab! Get ready for a new era of digital defense as Google…
The government is launching a new fund called AgriSURE to support startups and entrepreneurs in the agriculture sector. This Rs 750 crore fund will provide loans and investments to help these businesses grow. A hackathon for green solutions in agriculture was also kicked off. To kickstart the project on a high note, a hackathon focused…
Nykaa on a Share Spree! The beauty giant has once again rewarded its employees with a fresh batch of equity shares. This is the second such allocation in recent weeks, signaling a strong belief in the company’s future. With a promising 22-23% revenue growth projected for the upcoming quarter, Nykaa seems to be riding high on…
Otipy, an inventive Farm-to-fork startup is under-talks to raise a fresh funding in an extended Series B round from current and new investors.According to the sources the funding will be utilized to empower the operations of Otipy in expanding its presence in existing and new cities. Currently, it is operational in Delhi – NCR and…
Softbank, the tech titan known for its sky-high bets, just took a massive $150 million dive off the Paytm rollercoaster. After pouring a whopping $1.5 billion into the Indian fintech darling in 2017, Softbank finally jumped ship, but not before losing a chunk of change. This isn’t just a stumble, it’s a full-on faceplant for…
Former Housing.com CEO Rahul Yadav has secured investment from Indian cricketer Yuvraj Singh for his new startup, Intelligent Interfaces. The amount of investment has not been disclosed. Yadav was ousted from Housing.com in 2015 amidst controversy. Yuvraj also mentioned through his facebook account with a picture of Yadav, Nishant Singhal and himself that “Proud to…
Flipkart-backed logistics company BlackBuck is planning to go public. The company filed its draft red herring prospectus (DRHP) with SEBI, the Indian market regulator. Logistics startup BlackBuck, backed by Flipkart, has filed its draft IPO papers with SEBI. The company aims to raise $300 million through a mix of new share issuance and existing shareholder…
OLA Cabs’ founder and CEO Bhavish Aggarwal on Friday (July 5) said that the ride-hailing startup has fully exited Google Maps and moved to its in-house navigation platform, Ola Maps. “After Azure exit last month, we’ve now fully exited google maps. We used to spend INR 100 Cr a year but we’ve made that 0…
