Ola Investor Values It At $1.88 Billion, Down 75% From Peak Of $7.3 Billion
Bhavish Aggarwal might have created India’s fastest-ever unicorn in Krutrim AI just last month, and Ola Electric could soon go public, but his…
Category: Startups
Jio In Talks To Acquire Paytm’s Wallet Business, Stock Jumps 16%
Even as Paytm’s stock has been cratering at the stock markets, the shares of a rival are moving in the opposite direction. Jio…
Paytm Bank Had Over 1000 Users With Same PAN, RBI Had Alerted ED About Money Laundering
The restrictions placed on Paytm Payments Bank by the RBI have stunned its users, investors, and the broader stock markets, but it appears…
Byjus’ American Unit Files For Bankruptcy Amid Fund Crunch
The Byju’s story appears to be unravelling in India, and its foreign entities aren’t faring much better. Byjus’ American arm has filed for…
Zoho Reports Record Profit Of Rs. 2,836 Crore In FY23
Even as India’s startup ecosystem battles valuation markdowns and layoffs, one of its legacy profitable names continues to chug along as usual. Zoho…
Byju’s Investors Call EGM To Remove Founder Byju Raveendran, Change Board
Even as Byju’s is staring at brink after a 99% drop in valuation, a coup might be afoot at the beleaguered ed-tech company….
RBI Stops Deposits In Paytm Payments Bank Over “Persistent Non-Compliances”
Paytm Payments Bank has had a rough few years trying to keep up with RBI’s compliance norms, and things now seem to have…
PolicyBazaar Turns Profitable, Reports Rs. 37 Crore Profit In Dec Quarter
Many of India’s listed unicorns have had a rough time since being listed, but they seem to be slowly finding their way around…
Byju’s Launches Rights Issue To Raise Funds At $225M Valuation, 99% Below Peak
Byju’s, which was once India’s most valuable startup with a valuation of $22 billion, is now worth essentially nothing. Byju’s board has approved…