Prosus has marked down the value of its stake in Byju’s. This has resulted in the company’s valuation going under $3 billion.
Category: Market Watch
From OpenAI to Microsoft and back again: The Chaotic Tale of Sam Altman and Open AI
On Friday, OpenAI’s board of directors announced the removal of Sam Altman as CEO. This decision culminated to a series of event that led Altman to Microsoft.
Consumer Tech Brand ACwO and India’s Football Team Captain Sunil Chhetri Join Forces, to launch 11 new products
Made in India digital brand, ACwO, launchs a collaboration with Sunil Chhetri to launch new line of products.
Garuda Ventures announces $31 million institutional fund
Supporting software comapanies at pre-seed and seed stage, Garuda Ventures announces its $31 million debut institutional fund.
Peak XV Surge launches ninth cohort with 13 startups
Surge, the rapid scale-up programme of Peak XV Partners, has launched its ninth cohort, comprising 32 founders across 13 startups.
Japan’s WHILL Ventures into India with eBikeGo: To launch 2 new products in the market
Japan’s WHILL Ventures into India with eBikeGo: A Partnership Poised to Transform India’s Personal Mobility Landscape
Raptee, an EV startup manufacturing premium motorcycles, appoints, C Suresh, as Head of Operations
Raptee, announces the appointment of former Ather and Ola Electric Veteran, C Suresh, as Head of Operations. He will head manufacturing, quality, sourcing & supply chain.
Early and growth stage VC, Jungle Ventures, reveals its new programme, First Cheque@Jungle
Early-stage VC firm Jungle Ventures announces the launch of its new programme FirstCheque@Jungle to back early-stage startups.
Fast-fashion brand Virgio pivots towards sustainable clothing
On Monday, founder Amar Nagaram announced that his brand Virgio was revamping its offerings and moving towards sustainable clothing.
Artha Venture Fund and Rockstud Capital partially exit from Everest Fleet, announce exceptional returns
Early-stage micro VC Artha Venture Fund and alternative asset management firm Rockstud Capital made a partial exit from Everest Fleet with a 18x+ return.
Visa announces $100 million fund to back Generative AI ventures
Global leader in payments, Visa announces new $100 million fund to support Generative AI Ventures and impact the future of commerce.
DSG Consumer Partners announces final close of fund IV at $114 million
India and Southeast Asia VC firm, DSG Consumer Partner announched the close of its fourth fund at $114 million.
Estonian tech company DriveX and German EV platform Cardino partner to sell used electric vehicle in 24 hours
Estonian technology company DriveX has partnered with German electric vehicle selling platform Cardino to streamline used EVs selling process.