Dunzo, the prominent on-demand grocery delivery service in India, is making headlines not just for its convenient deliveries but also for its recent salary controversy. As the company grapples with delayed salaries and vendor dues, it’s reportedly in the advanced stages of securing a substantial funding round, aiming to raise between $80 million to $100…
The Indian e-commerce arena is abuzz with the news of Binny Bansal, one of the co-founders of Flipkart, embarking on a fresh entrepreneurial journey. With his recent divestment of remaining Flipkart shares, Binny Bansal is set to launch a new startup venture, utilizing his personal capital as the driving force. In this blog, we delve…
Google has recently announced the selection of 20 Indian startups for its prestigious Google for Startups Accelerator Program. This initiative aims to provide support, resources, and mentorship to promising startups in India, helping them to scale and achieve their growth potential. The startups have been chosen from a competitive pool of over 1050 applications, highlighting…
The Reserve Bank of India (RBI) has dealt a setback to Kunal Shah’s Cred by declining its application to increase its ownership in the non-banking finance company (NBFC), Newtap Finance. Currently, the RBI holds a 23.6% stake in Newtap, while the remaining ownership rests with Shah. This decision, reportedly centered around concerns related to corporate…
BYJU’s, the embattled edtech firm, has appointed Richard Lobo, a veteran from Infosys, as the head of its Human Resources (HR) department. This strategic hiring comes amid ongoing challenges faced by BYJU’s in managing its workforce, including layoffs, delayed appraisals, and changes to employee incentives. Richard Lobo brings more than 23 years of experience from…
In a significant development, Zerodha, a prominent online brokerage firm, has received the final nod from the Securities Exchange Board of India (SEBI) to establish its very own asset management company (AMC). This pioneering move, as announced by CEO Nithin Kamath on X (formerly known as Twitter), signifies Zerodha’s commitment to expanding its footprint in…
In a groundbreaking move, CarTrade Tech has successfully solidified its position as a dominant force in India’s online auto platform sector by acquiring OLX’s classified and auto business for an impressive INR 535.54 crore. This monumental deal not only marks a strategic shift in the country’s classifieds landscape but also sets the stage for CarTrade…
28-Year-Old Billionaire and Self-Made Tech Pioneer Makes Strategic Move to Take Over Iconic Media Brand In a move that has sent shockwaves through the media industry, Austin Russell, the 28-year-old billionaire CEO of Luminar Technologies, has acquired an 82% stake in Forbes Global Media Holdings. The deal, which is reportedly worth $800 million, gives Russell…
In the dynamic realm of online education, Unacademy has made a significant stride by acquiring Relevel for a whopping $50 million. This strategic acquisition speaks volumes about Unacademy’s commitment to providing comprehensive educational solutions and solidifying its position as a prominent player in the industry. The merger with Relevel, a startup specializing in assessment and…
In the fast-evolving world of fintech, where innovation is the currency of success, CRED has emerged as a trailblazer by gamifying credit card payments and capturing the attention of millions. The recent news of CRED raising $200 million at an impressive valuation of $8 billion speaks volumes about its impact on the financial technology landscape….