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MS Dhoni to be shareholder in drone startup Garuda Aerospace

TMT

06 June, 2022

MS Dhoni to be shareholder in drone startup Garuda Aerospace

Drone startup Garuda Aerospace, on Monday announced that it has roped in cricketer Mahendra Singh Dhoni as brand ambassador. He...

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Mumbai Angels deploys Rs 100 cr across 56 bets; sees 18 exits in FY21-22

TMT

06 June, 2022

Mumbai Angels deploys Rs 100 cr across 56 bets; sees 18 exits in FY21-22

Investment platform Mumbai Angels Network, which has backed startups like Bambrew, BluSmart Mobility, Celsius, Legality and Jade...

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Behind Sequoia's alert to its portfolio firms on law firm Algo Legal

TMT

06 June, 2022

Behind Sequoia's alert to its portfolio firms on law firm Algo Legal

The unusual letter from venture capital major Sequoia India last week to its portfolio companies, severing business ties with...

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Deals Digest: Companies raise $706 mn this week

TMT

03 June, 2022

Deals Digest: Companies raise $706 mn this week

Companies raised $706 million in venture capital (VC) and private equity (PE) funding this week, lower than last week’s...

Edtech unicorn Eruditus follows Vedantu, Unacademy, sacks staff

TMT

03 June, 2022

Edtech unicorn Eruditus follows Vedantu, Unacademy, sacks staff

Executive education platform Eruditus has laid off a section of its employee, joining other edtech unicorns such as Vedantu and...

Fitch downgrades IPO-bound OYO's ratings over EBITDA profit uncertainty in FY23

TMT

03 June, 2022

Fitch downgrades IPO-bound OYO's ratings over EBITDA profit uncertainty in FY23

Fitch Ratings has downgraded ratings of Oravel Stays Ltd, which owns and operates hospitality unicorn OYO Hotels and Homes to...

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China's Tencent in talks to join ShareChat's fundraising round

TMT

03 June, 2022

China's Tencent in talks to join ShareChat's fundraising round

China’s Tencent Holdings is in talks to join the ongoing funding round of ShareChat, two people aware of the development...

Info Edge-backed Yojak lays off 60 full-time staff, shuts domestic biz

TMT

02 June, 2022

Info Edge-backed Yojak lays off 60 full-time staff, shuts domestic biz

Bizcon Innovations Pvt. Ltd, which runs business-to-business (B2B) marketplace Yojak has shut down its India operations and laid...

Venture Catalysts, IPV, others invest in ruraltech startup Hesa

TMT

02 June, 2022

Venture Catalysts, IPV, others invest in ruraltech startup Hesa

Telangana-based ruraltech startup Hesa said it has raised $2.3 million (around Rs 17.7 crore) in a pre-Series A funding round...

Saudi Arabia's Abdul Latif Jameel to invest up to $220 mn in Greaves Electric Mobility

Manufacturing

02 June, 2022

Saudi Arabia's Abdul Latif Jameel to invest up to $220 mn in Greaves Electric Mobility

Saudi Arabia-based family owned global investor Abdul Latif Jameel has committed to invest up to $220 million (Rs 1,700 crore)...

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