Live online tutoring platform Vedantu raises $6.8 Mn funding from KB Global
Bengaluru-based edtech startup Vedantu that offers online tutoring to students on April 20 raised $6.8 million from South Korea's KB Global Platform Firm.
India
Funding rounds, acquisitions, regulatory shifts, and major business developments from across the Indian startup and technology landscape.
OYO declares pay cuts and temporary leaves amid COVID-19
Oyo Hotels and Homes on Wednesday announced that it will cut a 25 percent from the salaries of its employees for April-July period
[Exclusive] LimeTray – offering 30% discount on its Online Delivery Solution for Restaurants in the Middle East amid COVID-19
LimeTray will waive-off the set-up fee and also provide 30 percent discount to the restaurants in all Middle East countries including UAE, Egypt, Saudi Arabia, Lebanon, Qatar, and Kuwait...
Google CEO Sundar Pichai donates INR 5 crore to Give India for COVID-19 relief
The CEO of Alphabet and Google, Sundar Pichai has reportedly donated INR 5 crore to a non-profit organisation Give India amid COVID-19
SIDBI launches ‘Startup Assistance Scheme’ amid COVID-19
The Lucknow, India headquartered financial institution has recently introduced a scheme called COVID-19 Startup Assistance Scheme (CSAS)
Swiggy bags another $43 Mn funding from China’s Tencent, Samsung & more
India's online food delivery unicorn Swiggy on March 6 raised $43 million from its existing backer China's Tencent, Samsung, Mirae Asset Capital Markets...
Reliance Industries injects INR 500 Cr in edtech startup Embibe
Reliance Industries invested INR 500 crore in the Bengaluru-based edtech startup Embibe. Back in February, Reliance invested INR 90 crore in Embibe.
Zoho founder Sridhar Vembu contributes INR 25 Cr to PM-CARES Fund for COVID-19
The founder of India's software behemoth Zoho Corp, Sridhar Vembu has reportedly donated INR 24 crore to PM-CARES Fund for Coronavirus relief.
World Bank approves $1 billion aid to India to fight Coronavirus
The World Bank have reportedly approved a benefaction of $1 billion towards India Covid-19 Emergency Response and Health Systems Preparedness Project.
Singapore’s MatchMove acquires stake in e-commerce solutions provider Shopmatic
Matchmove, a Singapore-based fintech firm yesterday signed an agreement to acquire a stake in the global e-commerce solutions platform Shopmatic
Infosys Foundation commits INR 100 Cr for Covid-19 relief
Infosys Foundation, CSR arm of Infosys is deploying a total of INR 100 crore ($13.2 million) for Coronavirus relief
Salman Khan extends support to 25,000 daily-wage workers of the film industry
Bollywood superstar Salman Khan has gaged to support 25,000 daily-wage workers of the film industry amid the nationwide lockdown