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VC-backed fintechs' credit card play gets second shocker as key issuer pulls the plug

Finance

03 April, 2023

VC-backed fintechs' credit card play gets second shocker as key issuer pulls the plug

SBM Bank India, the wholly-owned subsidiary of foreign lender State Bank of Mauritius (SBM), has blocked the corporate ......

Rabo, others back Avanti Finance with $24 mn cheque

Finance

03 April, 2023

Rabo, others back Avanti Finance with $24 mn cheque

Technology-led non-bank finance company (NBFC) Avanti Finance raised $24 million (about ₹197 crore) in funding from ......

Oyo slashes issue size as it refiles for IPO

Finance

03 April, 2023

Oyo slashes issue size as it refiles for IPO

Softbank-backed hotel aggregator Oyo has submitted a confidential "pre-filing" document for a likely slimmed-down ......

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Two investors knock down Byju's valuation to less than half

TMT

31 March, 2023

Two investors knock down Byju's valuation to less than half

At least two investors of edtech major Byju’s have significantly marked down the value of their stake in the company, ......

Gulf startups Vuz, Telfaz11, Madark raise funding

TMT

31 March, 2023

Gulf startups Vuz, Telfaz11, Madark raise funding

Startup funding activity in the Middle East entered slow lane in the last week of March following an action-packed first......

SoftBank-backed Unacademy to lay off 12% of staff

TMT

30 March, 2023

SoftBank-backed Unacademy to lay off 12% of staff

Indian edtech startup Unacademy is laying off 12% of its workforce, citing a funding winter and pressure to turn ......

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Upskilling platform Scaler eyes fresh funding but may miss unicorn valuation

TMT

29 March, 2023

Upskilling platform Scaler eyes fresh funding but may miss unicorn valuation

Upskilling focussed digital learning platform Scaler Academy, which is backed by the likes of bulge bracket asset ......

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Yulu seeing FY24 as turnaround year, sights major expansion

TMT

29 March, 2023

Yulu seeing FY24 as turnaround year, sights major expansion

Bengaluru-based electric mobility provider, Yulu Bikes Pvt. Ltd, which has garnered interest particularly among e-......

DesignCafé gets a top-up from WestBridge; Vitraya, EazyDiner, others raise funding

TMT

29 March, 2023

DesignCafé gets a top-up from WestBridge; Vitraya, EazyDiner, others raise funding

Home interior services platform DesignCafé, insurtech firm Vitraya Technologies,   healthcare startup Serigen ......

Temasek injects fresh capital into upGrad

TMT

29 March, 2023

Temasek injects fresh capital into upGrad

UpGrad Education Pvt Ltd, which runs the edtech platform upGrad, has raised Rs 300 crore (around $36.4 million) in an ......

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