BlueLearn Shuts Down: To Refund 70 percent of Investor Funds
Bengaluru-based BlueLearn, a social learning platform, has ceased operations after just over three years of launch, citing challenges in achieving rapid growth.
India
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Government removes Angel Tax burden from Startups – Union Budget 2024
In a significant move to support startups, the government has scrapped the 'angel tax' for all investor categories, providing a major boost to the startup ecosystem.
BYJU’s Crisis: Founder’s Personal Assets Under Threat as Qatar Fund Moves to Karnataka High Court
Qatar Investment Authority (QIA) which invested in India's former edtech unicorn Byju's in 2019 is now taking legal action against the company amid insolvency.
Jagnoor Singh Departs Unacademy, Gaurav Munjal and Sumit Jain to Lead the Company Forward
Unacademy is undergoing a significant restructuring. The edtech giant's chief operating officer (COO) for offline centers, Jagnoor Singh has also left.
Koo Co-Founder Launches New Tech Venture, Seeks Top Engineering Talent
Mayank Bidawatka, co-founder of the now-defunct Karnataka-based social media platform Koo, is pioneering a new consumer technology venture
Liver Doc Slams ‘Alcohol is Good Business’ Claim by Billionaire Nikhil Kamath
Dr. Cyriac Abby Philips, a popular Hepatologist, shared his strong disapproval of a popular podcast discussing the liquor industry in India, featuring Nikhil Kamath.
Paytm Crisis – Softbank Sells Remaining Paytm Stake, Incurs $150 Mn Loss
Japanese Softbank Vision Fund has exited from the Indian fintech major Paytm, with a loss of approximately $150 million.
BharatPe Fraud – High Court Frees-Up INR 80 Cr Deposit as Ashneer Grover, Madhuri Jain Return to India
Back in May, the Delhi High Court ordered Ashneer Grover and Madhuri Jain to deposit a security amount of INR 80 crore as a condition for allowing them to travel to the United States.
Senior Advocate makes shocking claim stating China’s involvement in Hindenberg report on Adani
Mahesh Jethmalani, a senior advocate, on Thursday alleged a "China Link" in the preparation of the Hindenburg report citing a notice from SEBI.
Mamaearth partners with Reliance Retail – Accessing over 1000 offline stores
Honasa Consumer Limited which owns Mamaearth, its flagship brand and one of the fastest-growing personal care brands in India, has partnered with Reliance Retail.
Bombay High Court issues notice to Government on jailed ex-BrahMos engineer’s appeal
The Nagpur bench of the Bombay High Court has reportedly issued a notice to the State government on a plea by the jailed ex-BrahMos engineer Nishant Agrawal.
Subko Coffee Roasters scores $10 Mn funding from Zerodha’s Nikhil Kamath, John Abraham, Gauri Khan family trust, and more
Mumbai-based Subko Coffee Roasters has recently raised a whopping $10 million in a funding round from Nikhil Kamath, The Gauri Khan Family Trust, John Abraham.