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.
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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.
Milann, fertility specialist hosted a Walk of Good Health to spread awareness of the harmful effects of tobacco on fertility
Milann - The fertility specialists is committed to providing the highest quality care to its patients, and the "Walk of Good Health - Say No To Tobacco".
Gross gaming revenue of fantasy sports during IPL season to reach INR 2900-3100 Cr in 2023
Transacting users during IPL season is expected to grow by 25-30% in 2023, with nearly 60-65% of users coming from Tier-2 cities and beyond.
Construction tech Startup MyInfra.app launches its mobile application and operations in Delhi NCR
Delhi, India-based tech-powered construction startup, MyInfra.app has recently launched its mobile app and operations throughout Delhi NCR.
Elon Musk shuts 3 Twitter offices in Delhi and Mumbai, tells staff to WFH
Twitter has reportedly closed down its three offices in India across Delhi and Mumbai, and tells employees to work from home.
TikTok shuts down its India office and fires all the staff
TikTok has closed its office in India and fired the remaining 40 employees. The Government of India banned TikTok in 2020 citing security measures.