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.
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.
Funding Triumph: Zeelo Raises $14M to Enhance Corporate Shuttle Routes
Zeelo, a ‘smart buses’ platform providing bus operators, employers and schools with private bus and shuttle transport programs, has raised $14 million in an oversubscribed series A funding round