Job Cuts at Khatabook: Fintech Startup Lays Off 42 Staff Members
Fintech startup Khatabook, valued at $600 million, has restructured, cutting 6% of its workforce (42 employees) to align with profitability goals and operational strategies.
AI21 Labs Secures $155M Funding at $1.4B Valuation
AI21 Labs has raised $155 million in a Series C funding round, which saw participation from technology heavyweights Alphabet's Google and Nvidia
Apollo.io Hits $1.6B Valuation with $100M Series D Round
San Francisco's Apollo.io secured $100M in Series D, valuing at $1.6B, with Bain Capital Ventures, Sequoia, Tribe, and Nexus Venture. Emerging as a 2023 sales tech unicorn.
Wavemaker Backs MFast: Expanding Financial Access in Vietnam
Vietnam's MFast, a financial services network under DigiPay JSC, secures $6M in Series A funding led by Wavemaker Partners, with participation from Finnoventure Fund I and others.
Saudi Wealth Fund to Acquire StanChart’s Jet Leasing Arm for $700M
Standard Chartered to sell aviation finance division to AviLease in Saudi Arabia for $700M, aiming to streamline operations and achieve 2024 targets
Swiggy’s Menu: IPO on the Cards, Targeting 2024
Softbank-backed Swiggy aims for a 2024 stock market debut, resuming IPO plans after market challenges. The Bengaluru startup has reportedly invited eight investment banks, including Morgan Stanley and JP Morgan,…
Zepto Joins the Unicorn Club: Securing $200M in Funding
Indian startup Zepto secures $200M funding at $1.4B valuation, becoming first in a year to achieve billion-dollar mark in a tough market for similar companies.
From Books to Billions: The Bansal Brothers’ Evolution of Flipkart
Let's explore the inspiring story of Sachin and Binny Bansal, their entrepreneurial spirit, the evolution of Flipkart, and the impact they've had on India's business landscape...
Layoffs Continue to Haunt EdTech: Future Seems Uncertain
EdTech, once seen as a path to innovation in education, now faces layoffs causing uncertainty. Major players like Vedantu, Unacademy, and BYJU'S downsized, impacting thousands.
CM Stalin’s Policy Boosts Startups: Triple Growth in Tamil Nadu
Tamil Nadu's registered startups surged threefold in two years under the DMK administration, reaching 6,800 from 2,300 in 2023. Chief Minister M K Stalin attributes this growth to government initiatives.