Udemy secures $50 mn investment from Benesse Holdings
The company completed 10 years in January this year and has given out over $350 million in lifetime payments to instructors on its platform.
Swiggy raises $113 million led by Naspers, valuation stays flat at $3.3 billion
The investment comes just a few weeks after rival Zomato acqu...
Meesho investor buys Esops worth $1 million
“Liquidity events like these shows to our employees as well as future prospectus that our stock o...
Cheaper than Ola, Uber: How Quick Ride is making office commutes convenient
Carpooling has been one of most recommended activities to help reduce pollution and traffic congestion. Bengaluru-based Quick Ride has given this activity a digital push by connecting commuters and riders to share their vehicles.
SoftBank, Tiger & Naspers may join Startup Council
The decision to form the Council came after multiple closed-door meetings between the government, regulators and stakeholders in the startup ecosystem.
CCI dismisses complaint against Naspers-owned PayU Payments, Wibmo
The Competition Commission of India has dismissed allegations of unfair business practices against PayU Payments and Wibmo. It was alleged that PayU has intentionally foreclosed the market for other competitors by denying them proper access to Wibmo in the downstream market and has substantially created entry barriers for new market players.
General Atlantic pumps in more capital into Byju’s
Byju’s, which was valued at $8 billion after Tiger Global’s investment, did not reveal the exact amount invested by General Atlantic, but sources briefed on the matter indicated that the marquee private equity firm had pumped in a similar amount to that of the New York-based investor.
PayU India’s head of fintech investments Amrish Rau steps down
In a series of tweets on the popular microblogging platform, Rau said it was “time to have another new experience,” without disclosing his upcoming plans.
Brainly appoints Rajesh Bysani as its CPO
In his role as the CPO, Bysani will be responsible for driving the team to build world-class products.
Investors chase Dream11, valuation may hit $2.25 billion
ChrysCapital, Facebok co-founder Saverin’s B Capital Group and others in talks to fund firm.
Verlinvest on board as anchor investor in Spring Capital
Verlinvest, which has largely made direct investments in India and counts companies such as Byju’s, Veeba, Epigamia and Future Retail among its portfolio, has also backed certain funds, including those operated by Everstone Capital and DSG Consumer Partners..
What SoftBank’s new vision means for Indian industry
SoftBank made a big-bang entry in the industry in 2014, when it announced three investments totalling $1 bn.
Private equity funds go talent shopping for portfolio companies
Advent International, Blackstone, Carlyle, General Atlantic, SoftBank tapping managers for leadership roles. In the past few years, PE funds have preferred to invest in ventures where they get controlling stakes. This helps them to have greater control over operational aspects of the company.
With Rs 20 crore earnings, Byju’s has a lesson for unicorns
Total expenses for fiscal year 2019, however, rose to Rs 1,321.65 crore from Rs 518.52 crore in the year-ago period, as employee benefit expenses, marketing and promotional costs rose significantly.
Swiggy parent’s losses mount 5X to Rs 2,363 crore
Swiggy spent Rs 1,593 crore in delivery costs and Rs 423 crore on salaries and wages. The company also spent Rs 778 crore on marketing and advertising expenses to compete with Zomato. Part of Swiggy’s expenses can be accounted by Rs 113 crore lost in order cancellation.
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