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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 ......

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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 ......

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 ......

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How this Jhunjhunwala pivoted Airpay, navigated a down round and turned a corner

People

03 May, 2023

How this Jhunjhunwala pivoted Airpay, navigated a down round and turned a corner

A few months before the Covid-19 pandemic jolted businesses and economies worldwide in early 2020, Kunal Jhunjhunwala ......

Byju's CEO assures compliance after raids over alleged forex law violations

TMT

01 May, 2023

Byju's CEO assures compliance after raids over alleged forex law violations

Indian education platform Byju's CEO is confident that the country's financial crime-fighting agency will find ......

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How edtech startup ixamBee was valued in new funding round

TMT

24 April, 2023

How edtech startup ixamBee was valued in new funding round

Government jobs-focussed learning platform ixamBee, which counts Mumbai Angels and Jito Angel Network as its investors, ......

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How Deepu Sebin co-created India's most profitable edtech venture

TMT

11 April, 2023

How Deepu Sebin co-created India's most profitable edtech venture

In 2018, a 21-year-old medical student, found out about an edtech platform from his seniors that they said helped them ......

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Investcorp-backed FreshToHome explores acquisitions to expand scale

TMT

10 April, 2023

Investcorp-backed FreshToHome explores acquisitions to expand scale

Meat and seafood delivery platform FreshToHome, which counts Amazon, Iron Pillar, and Investcorp as its investors, is ......

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