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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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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 ......

Blackstone's delisting of R Systems fails amid low investor interest

TMT

08 May, 2023

Blackstone's delisting of R Systems fails amid low investor interest

Blackstone Inc's delisting offer for India's R Systems International Ltd was unsuccessful as the U.S. investment......

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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 ......

Early-stage startups Fundly, Sugar Watchers, Meet7 raise funding

TMT

08 May, 2023

Early-stage startups Fundly, Sugar Watchers, Meet7 raise funding

Fintech startup Fundly.ai, fast-moving consumer goods (FMCG) brand Sugar Watchers and dating application Meet7 have ......

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 ......

Sequoia-backed Cuemath fires 100 employees; founder returns as CEO

TMT

08 May, 2023

Sequoia-backed Cuemath fires 100 employees; founder returns as CEO

Online math tutoring platform Cuemath has laid off 100 employees or nearly 12.5% of its 800-strong staff, becoming the ......

Proptech startup PropertyPistol secures Series A funding round

TMT

05 May, 2023

Proptech startup PropertyPistol secures Series A funding round

Proptech startup PropertyPistol said Friday it has secured $5.5 million (Rs 45 crore) in a Series A funding round ...

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