BYJU’s Insolvency: Supreme Court Hears Appeal by Glas Trust Company LLC
Glas Trust, a U.S.-based creditor of Bengaluru-based edtech company, on Tuesday, told the Supreme Court that it had been falsely removed from the Committee of Creditors.
India
Funding rounds, acquisitions, regulatory shifts, and major business developments from across the Indian startup and technology landscape.
BigMuscles Nutrition Ropes in Bollywood Star Nora Fatehi as the Brand Ambassador
Faridabad, Haryana-based fitness and wellness brand BigMuscles Nutrition has recently named Bollywood star Nora Fatehi as the brand ambassador.
[Shots] Dyson India Announces Badshah as the Brand Ambassador for Dyson OnTrac Headphones
Dyson, last week announced Badshah, renowned Indian rapper and singer as the brand ambassador for Dyson OnTrac headphones in India.
[Shots] DailyObjects raises $10 Mn fresh funds
Gurugram, Haryana-based global D2C platform DailyObjects, on Monday, raised INR 86 (around $10 million) crores in a fresh funding round from 360 One Ventures.
U.S. Company Terminates Indian-Origin Lawyer Over Relationship with CEO
Nabanita Nag, an Indian-origin lawyer and Chief Legal Officer at Norfolk Southern Corporation in Atlanta, and CEO Alan Shaw were terminated over alleged relationship.
BYJU’s U.S. Bankruptcy Ruling Sparks Surprise in India
U.S. court in Delaware, on Tuesday, ordered involuntary Chapter 11 bankruptcy proceedings against BYJU's units: Neuron Fuel Inc., Epic! Creations Inc., and Tangible Play Inc.
BYJU’s Insolvency: Supreme Court to Hear Plea on September 17
The Supreme Court has scheduled a hearing for September 17 to consider an appeal filed by Glas Trust Company LLC, U.S.-based creditor of BYJU's.
Pixxel Achieves Groundbreaking Success as the First Indian Space Startup to Win a NASA Deal
Pixxel joins NASA's $476-million commercial smallsat data acquisition program, utilizing its advanced hyperspectral earth-imaging capabilities.
The Hosteller Gears Up for Major Expansion with $4 Mn Series A Funding Round Led by V3 Ventures
India's premier backpacker hostel chain, Pune-based The Hosteller has secured a Series A funding round of $4 million led by V3 Ventures.
Tollywood Star Mahesh Babu Invests in Hyderabad-based Nutraceutical Brand Fitday
Hyderabad-based nutraceutical startup Fitday, on Monday, announced a strategic investment from GMB Entertainment owned by Tollywood actor Mahesh Babu.
WazirX Hack: Tensions Arise Between WazirX and Liminal Custody Over $230 Mn Theft
WazirX hired Google-owned Mandiant Solutions to investigate the hack. It suggested that it might have originated from Liminal Custody.
WazirX Decides to Use ₹100 Crore from Users to Fund Legal Fights
On Saturday, cryptocurrency exchange WazirX doubled down on its contentious decision to allocate INR 100 crores from user funds to cover legal costs.