Edtech giant Byju’s has managed to dodge a bullet by reaching a settlement with the Board of Control for Cricket in India (BCCI). The company was facing a potential insolvency crisis after defaulting on a Rs 158 crore payment to the cricket board. To avoid a takeover, Byju’s has agreed to pay the entire amount…
FirstCry FY24 revenue crosses Rs 6,500 Cr; GlobalBees contributes 18.6%. FirstCry received approval for its initial public offering (IPO) from the Securities Exchange Board of India (SEBI) earlier this month.Ahead of the IPO, the company has disclosed its annual financial report for the fiscal year ending March 2024.The Pune-based firm’s revenue grew 15.1% in the…
“In the last 10 years across all geographies, India has been the best in terms of returns,” said Vishesh Shrivastav, managing director (India), Temasek, in an interview with Mint on Monday. Temasek did not disclose its total mark-to-market exposure to India in previous years as this is a new metric that the firm is tracking….
The Economic Survey for 2023-24 climaxes the important impact of the startup environment on the economy . Acknowledged startups have conceived over 12.42 lakh direct assignments. The total number of startups supported by AIFs was 96 this year, down from 148 last year. the Department for Promotion of Industry and Internal Trade (DPIIT) has sanctioned…
MUMBAI India’s largest cement maker UltraTech Cement has agreed to buy a 32.72 percent stake in debt-laden rival Bharat Cements. M-cap per share Rs 390. Last June 2024, UltraTech had acquired a 22.77 per cent share from investor Radhakishan Damani paying Rs1,889 crore for the stake. The open offer in the UltraTech plan will also…
Ola Electric is all set to launch its first electric vehicle (EV) in India in the month of August. The company plans to raise Rs 5,500 crore through the IPO. Some of this money will be raised by issuing new shares and the rest will be sold by existing shareholders. The IPO has been approved…
With a fresh round of funding from gaming-focused venture capital firm Lumikai, Bengaluru-based Mayhem Studios has accomplished a noteworthy triumph. The company intends to use the extra cash to expand its workforce, develop its technological capabilities, and raise the calibre of its games. Dedicated to creating well-liked mobile games that captivate players with compelling storytelling…
Nykaa, affiliated with the internet fashion and beauty retail platform, is raising 125 crore rupees (nearly 15 million dollars) through non-convertible debentures. The Nykaa board has approved issuing around 12,500 non-convertible debentures at an issue price of 100,000 rupees each to raise 125 crore rupees on a private placement basis in dematerialized form, as…
The Qatar Investment Authority, one of the largest foreign investors in India, has filed a petition in an Indian court seeking to require Byju Raveendran to disclose details of his personal assets. This represents a new challenge for the education technology entrepreneur who oversaw his high-growth startup raise funds just last year. QIA, which first…
Business advisory firm Riveron, backed by Kohlberg & Co, has acquired a startup Yantra, establishing itself as a top NetSuite Alliance partner. The move integrates Yantra’s state-of-the-art AI, data science and automation capabilities and increases Riveron’s global team size to more than 1,000. “Yantra’s startup agility enhances our ability to deliver technology solutions that fuel…
