[ad_1] Byju’s $200M rights issue aims to prevent dilution with shareholder involvement. Valuation dropped 99%, some major investors not participating. Raveendran investing $45M, facing cash crunch delaying salaries. [ad_2] Source link
[ad_1] MUMBAI: Binny Bansal has stepped down from the board of Flipkart, officially ending his association with the internet firm he had co-founded with fellow IIT Delhi alumnus Sachin Bansal in 2007. Flipkart which made its foray into the then-nascent local e-tail market with the launch of an online bookstore went on to become an…
[ad_1] BENGALURU: Artificial intelligence startup Krutrim, founded by CEO of Ola Electric Bhavish Aggarwal, has raised $50 million in the first funding round at a valuation of $1 billion, the company said in a blog post on Friday. It added that venture capital fund Matrix Partners India led the funding round, without giving further details….
[ad_1] MUMBAI: In a boost for Swiggy, its US-based investor Invesco has yet again marked up the startup’s valuation. Regulatory filings made with the US Securities and Exchange Commission showed that the asset manager valued the food delivery company at about $8.3 billion as of October 31, 2023. This is higher than the valuation of…
