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Investment activity rebounds in first week of the year

TMT

06 January, 2023

Investment activity rebounds in first week of the year

The first week of 2023 saw funding activity on venture capital (VC) and private equity (PE) clocking over 2x as ......

Advent invests in KreditBee's $200 mn round

Finance

06 January, 2023

Advent invests in KreditBee's $200 mn round

Fintech startup KreditBee, on Friday announced that it has raised $100 million more in an extension of its Series D ......

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Kedaara, SoftBank, others eye part exit from Lenskart

Finance

06 January, 2023

Kedaara, SoftBank, others eye part exit from Lenskart

Lenskart’s early backers, including Premji Invest, Kedaara Capital, TR Capital, and SoftBank, are seeking to sell a portion of their ......

Edtech firm Harappa fires 35% workforce

People

05 January, 2023

Edtech firm Harappa fires 35% workforce

UpGrad-owned edtech platform Harappa Education has shown the door to around 70 employees or 35% of its 200-strong workforce, at ......

Tiger Global-backed Jupiter snags $12 mn

TMT

05 January, 2023

Tiger Global-backed Jupiter snags $12 mn

Amica Financial Technologies Pvt Ltd, which runs neobanking startup Jupiter, on Thursday said it has secured Rs 100 crore (around ......

Ambit Finvest acquires SME Corner to strengthen lending play

Finance

05 January, 2023

Ambit Finvest acquires SME Corner to strengthen lending play

Ambit Finvest Pvt Ltd, a unit of Ambit Group, on Thursday said it has bought Mumbai-based fintech startup SME Corner ......

UpScalio sacks 15% staff

People

05 January, 2023

UpScalio sacks 15% staff

UpScalio, which manages several direct-to-customer (D2C) brands, has laid off 15% of its workforce or around 40 employees basis individual ......

ElectricPe taps GFC, Blume Ventures, others in pre-Series A round

Consumer

05 January, 2023

ElectricPe taps GFC, Blume Ventures, others in pre-Series A round

Wattapp Technologies Pvt Ltd, which runs electric vehicle charging startup ElectricPe, on Thursday said it has secured pre-Series A funding ......

Moglix lays off up to 3% workforce

People

05 January, 2023

Moglix lays off up to 3% workforce

Business-to-business (B2B) e-commerce unicorn Moglix has laid off 30-40 employees, joining a large group of Indian startups that have slashed ......

Ola set to launch EV cab services

Consumer

05 January, 2023

Ola set to launch EV cab services

Cab aggregator Ola Cabs, run by ANI Technologies Pvt Ltd, is set to launch its first fleet of electric vehicles ......