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Eruditus' Damera on scrapping $350 mn funding, breaking even and more

TMT

09 May, 2023

Eruditus' Damera on scrapping $350 mn funding, breaking even and more

The past few months have seen edtech companies shift focus towards profitability, rationalization of spending, slowing ......

Early-stage startups Zyngo, GenWorks Health, Slick secure funding

TMT

09 May, 2023

Early-stage startups Zyngo, GenWorks Health, Slick secure funding

Electric vehicle (EV) logistics firm Zyngo, medtech startup GenWorks Health and social media platform Slick have raised ......

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Grapevine: Allianz-Shapoorji may exit IT park; Byju's, Credgenics in funding talks

General

09 May, 2023

Grapevine: Allianz-Shapoorji may exit IT park; Byju's, Credgenics in funding talks

Allianz Real Estate and Shapoorji Pallonji Group, which had bought Hyderabad office complex WaveRock for $250 million in......

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Avendus ropes in Citigroup exec to lead healthcare banking biz

Finance

09 May, 2023

Avendus ropes in Citigroup exec to lead healthcare banking biz

Financial services firm Avendus on Tuesday said it has appointed Anshul Gupta as managing director and head of its ......

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Decoding Infinity Learn's M&A thesis after three edtech acquisitions

TMT

09 May, 2023

Decoding Infinity Learn's M&A thesis after three edtech acquisitions

Infinity Learn, part of the Hyderabad-based group Sri Chaitanya Educational Institutions, is looking to acquire ......

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Invesco trims Swiggy's valuation in ‘March' again after slashing it to $5.5 bn

TMT

08 May, 2023

Invesco trims Swiggy's valuation in ‘March' again after slashing it to $5.5 bn

US-based Invesco has knocked down the value of its stake in foodtech unicorn Swiggy held through one of its investment ......

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Spotlight: How funding delay, legal woes and layoffs are hampering UpScalio's growth story

TMT

08 May, 2023

Spotlight: How funding delay, legal woes and layoffs are hampering UpScalio's growth story

Sooner or later, every business faces a day of reckoning. For many consumer-focused startups, that day is now coming ......

Tiger Global-backed Groyyo nears $200 mn revenue rate, hits breakeven

Manufacturing

08 May, 2023

Tiger Global-backed Groyyo nears $200 mn revenue rate, hits breakeven

Business-to-business (B2B) manufacturing and automation startup Groyyo is nearing a $200 million revenue rate, closing ......

Grapevine: WestBridge invests in dairy brand; Blackstone to buy TPG stake in Care

General

08 May, 2023

Grapevine: WestBridge invests in dairy brand; Blackstone to buy TPG stake in Care

Homegrown private equity firm WestBridge Capital, which has made some larger bets in the past including those in names ......

Go First asks NCLT to urgently pass order on insolvency plea

Infrastructure

08 May, 2023

Go First asks NCLT to urgently pass order on insolvency plea

Go Airlines (India) on Monday asked the country's company law tribunal to urgently pass an order on its insolvency ......

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