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Prosus

Investors vote for change of guard at Byju's; startup says resolution 'invalid'

TMT

23 February, 2024

Investors vote for change of guard at Byju's; startup says resolution 'invalid'

Things seem to be worsening for the beleaguered edtech Byju’s, as a consortium of its investors, which last month sought ......

Byju's hits back at investors, says they can't vote CEO out

TMT

02 February, 2024

Byju's hits back at investors, says they can't vote CEO out

Beleaguered edtech firm Byju's, whose major investors called for an extraordinary general meeting seeking changes in leadership, said Friday its investors do not ......

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Grapevine: Bharti may sell life insurance unit; Captain Fresh seeks funding

General

23 January, 2024

Grapevine: Bharti may sell life insurance unit; Captain Fresh seeks funding

Billionaire Sunil Mittal-led Bharti Group is in advanced negotiations with SBI Life and other insurers to divest its wholly owned ......

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Swiggy back in decacorn club with latest valuation mark-up

TMT

17 January, 2024

Swiggy back in decacorn club with latest valuation mark-up

Food delivery venture unicorn Swiggy, which has begun preparations for its potential public listing, has re-entered the decacorn club of ......

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Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

TMT

12 January, 2024

Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on ......

Prosus-owned PayU India shuts down prepaid credit card unit LazyCard

TMT

29 November, 2023

Prosus-owned PayU India shuts down prepaid credit card unit LazyCard

PayU India has shut its prepaid payment instrument LazyCard that it launched at the beginning of 2022, the company’s parent ......

Prosus slashes Byju's valuation to under $3 billion

TMT

29 November, 2023

Prosus slashes Byju's valuation to under $3 billion

Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less ......

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

TMT

21 November, 2023

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

India's federal financial crime-fighting agency has issued a show-cause notice to ed-tech company Byju's for alleged violations of foreign exchange ......

Temasek-backed Pharmeasy's rights issue oversubscribed, raises $420 mn

Healthcare

01 November, 2023

Temasek-backed Pharmeasy's rights issue oversubscribed, raises $420 mn

API Holdings, which runs omnichannel pharmacy chain Pharmeasy, and was struggling to raise capital, has raised Rs 3,500 crore ($420 ......

Prosus-owned PayU targets Feb for India IPO filing

TMT

10 October, 2023

Prosus-owned PayU targets Feb for India IPO filing

Netherlands-based PayU plans to ask for regulatory approval in February for an initial public offering worth at least $500 million ......