Startup funding winter to pass in 6-12 months – Redseer
Kanishka explains that 50% of investors surveyed by Redseer in June are positive the funding spring would return in the next 6-12 months.
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Indian resident wins AED 1 million and Pakistani expat takes home AED 50,000 in gold coins
Mahzooz, the leading weekly draw in the United Arab Emirates, has once again transformed the lives of two lucky expats this week.
Indian Startups poised for growth with 40 IPO-ready companies by FY25 – Redseer Report
With an increased focus on profitability amid funding winter, Indian startups are poised for a promising road ahead, including potential IPOs.
The Company Law Committee likely to bring stricter regulations for startups in India
Company Law Committee, a government-appointed panel, is likely to discuss whether there is a need for a stricter regulatory regime for startups.
Byju’s sends legal notice to Aakash’s founders demanding share transfer
Byju's has reportedly sent a legal notice to Aakash following their alleged resistance to complete the share swap that was agreed upon acquisition deal in 2021.
Davidson Kemper accuses Byju’s of financial misconduct, takes control of Aakash
New York-based Davidson Kempner Capital Management LP has accused India's edtech unicorn Byju's of financial misconduct.
As funding plummeted 70% from FY22 to FY23, startups are hunkering down and expediting their path to profitability – Redseer reports
Mohit Rana, Partner at Redseer, speaking at Ground Zero 8.0, offers an insightful perspective on Indian startups as they go through a funding winter.
CEO of Stability AI says most outsourced coders in India will lose their jobs in 2 years owing to AI
Emad Mostaque, CEO of Stability AI, London, has recently stated that AI will soon eliminate most outsourced coding jobs in India.
Indian expat left ‘speechless’ after becoming Mahzooz’s 52nd millionaire at the 137th draws
Mahzooz touched the life of a lucky Indian expat, Aijaz, who won last week’s guaranteed raffle draw prize of AED 1,000,000 to become the draw’s 52nd millionaire.
Reliance Brands to acquire Ed-a-Mamma, a kids’ clothing line owned by Alia Bhatt
Reliance Brands is planning to purchase Alia Bhatt's brand for around INR 300 to 350 crore. The company currently stands at INR 150 cr valuation.
Low-cost green internet offers hope to India’s digitally excluded population
India has the largest offline population worldwide, with 51% of the country cannot easily access the web.
Slick – GenZ-focused social media app raises 1.6 Mn funding
Newly launched GenZ-focused social media platform Slick last week raised $1.6 million in a funding round led by WEH ventures.