Udaan
Finance
Deals Digest: Funding value drops to $332 mn this week
Investments by venture capital (VC) and private equity (PE) firms dropped to $332 million this week from last week’s $1.06 ......
TMT
Udaan raises $120 mn from existing investors; aims to go public in 12-18 months
Business-to-business marketplace Udaan has raised $120 million (around Rs 960 crore) in convertible notes and debt, led by existing shareholders ......
TMT
B2B platform Saveo raises funds at $50 mn valn
Bengaluru-based Saveo Healthtech Pvt Ltd, which operates a business-to-business e-commerce platform focused on pharmacies, has secured $4.5 million (around Rs ......
People
Acko backer Catamaran appoints chairman, president
Catamaran Ventures, the family office of Infosys co-founder NR Narayana Murthy, on Friday said it has appointed MD Ranganath as ......
TMT
Lightspeed closes $500 mn early-stage fund for India, Southeast Asia
Silicon Valley-based Lightspeed Venture Partners has raised $500 million (around Rs 4,000 crore) for its fourth early-stage fund in India ......
People
B2B player Udaan fires 180 employees
B2B unicorn Udaan has fired 180 executives as part of cost rationalization, a person familiar with the development said. The ......
People
Blackstone-backed Simplilearn appoints 2 vice presidents
Simplilearn Solutions Pvt. Ltd, which provides a training destination for professional certification courses, on Friday appointed Mohit Yadav and Sujoy Ghosh ......
Finance
Startups find offshore, venture debt cheaper as volatility in equity fundraising increases
India’s cash guzzling startups, treading on high valuations following two consecutive years of aggressive equity fundraising, are finding offshore debt ......
TMT
B2B e-commerce unicorns may see rapid growth with rising demand from smaller towns, cities
India’s top four business-to-business (B2B) e-commerce marketplaces that registered robust revenue growth in the last financial year, may continue to ......
TMT
Udaan removes 1-year cliff on ESOPs; employees can vest every quarter
Business-to-business (B2B) marketplace Udaan on Wednesday said it has decided to remove the one-year cliff on employee stock option plans ......
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