Mamaearth Loses 50% Market Cap, No Longer a Unicorn
Mamaearth's market value plunges 50% as Honasa Consumer reports Q2 losses. Challenges with Project Neev add ₹63 crore in expired inventory to woes.
Unicorn
The U.S. has twice as many unicorns as China and India combined – Finbold
United States had the highest number of unicorns at 704. China comes a distant second with 243 unicorns, while India ranks third at 85.
Proptech startup NoBroker enters unicorn club with $210 Mn fresh funding
The latest round brings a total valuation of $1.01 billion for NoBroker, making it a unicorn startup of India.
[Shots] Vedantu enters unicorn club with fresh $100 Mn Series E funding
Edtech startup Vedantu has reportedly raised a $100 million Series E funding round on Wednesday from a clutch of investors, becoming a unicorn.
[Shots] OYO launches new feature to book isolation and quarantine facilities
India's hospitality giant OYO, on Wednesday, launched a new feature called 'OYO Care' for users to book isolation and quarantine facilities for COVID-19 patients.
India’s fintech startup Cred enters unicorn club
India's fintech startup Cred, founded by the veteran entrepreneur Kunal Shah, on Tuesday, entered the unicorn club after raising $215 million from Falcon Edge Capital.
Logistics startup Rivigo bags $19 Mn from Mauritius-based SCIL
Gurugram-based full-stack logistics startup Rivigo, on Saturday, raised $19 million from Spring Canter Investment Ltd (SCIL).
Cars24 bags $200 Mn Series-E, enters unicorn club
Gurgaon, India-based used cars marketplace, Cars24 on Tuesday, raised $200 million Series E round led by DST Global, and existing investors.
India’s edtech unicorn BYJU’S acquires LabInApp
Edtech unicorn BYJU’S on Thursday (September 17 2020) acquired LabinApp, an edtech startup backed by Unitus Ventures.
Uber to lay off 3,700 employees – More cost-cutting measures coming soon
Uber in a filing with the Securities and Exchange Commission on Saturday, May 2 disclosed that it will lay off 3,700 employees
OYO appoints Ex-Starbucks COO Troy Alstead as an independent director
India's hospitality behemoth OYO, on Friday (May 1, 2020) announced that the company has appointed Troy Alstead, the former COO of Starbucks
Bengaluru-based B2B trading unicorn Udaan raises $30 Mn from Trustroot
Bengaluru, India-based B2B trading platform Udaan today raised $30 million from its Singapore-based parent Trustroot Internet Pvt. Ltd.