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GOMECHANIC ACQUISITION
VC contract terms get tougher on founder shares after governance lapsesVenture capital firms are tightening founder contracts, with nearly 76% of Indian startups now allowing the forfeiture of vested shares for...
Fidelity, Accel lead $160–170 million investment round in SpinnySpinny has secured 160–170 million in a funding round led by US-based investors Fidelity and Accel Leaders Fund. The deal includes 90 milli...
Cars24 plans to go public in next 12 months: CEO Vikram ChopraSharing the company's H1FY26 financials in a post on X, Chopra said, "Hoping to go for the IPO in 6-12 months from now. We have built momen...
Cars24 acquires vehicle information management startup CarInfo in Rs 400 crore dealThis is the SoftBank-backed used car sales platform’s second acquisition in the past year, following its purchase of community platform Tea...
VCs double check corporate governance as lapses riseMultiple top-tier founders and investors said investors are bringing in stricter terms in shareholding agreements as well as term sheets an...
ETSA 2023 | OfBusiness seeks ‘high’ of having its ticker on exchangesWinner of the prestigious Startup of the Year award at the Economic Times Startup Awards 2023, business-to-business (B2B) ecommerce platfor...
20 CEOs at Indian startups quit this year amid regulatory concerns, funding winterData compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join ...
Peak XV, Orios, Chiratae file EOW complaint over financial irregularities at GoMechanicThis development comes seven months after Gurugram-based GoMechanic’s founders admitted to financial misreporting in a LinkedIn post. Orios...
Turmoil at Byju’s highlights hurdles for India startup sceneAlready stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-pro...
Sequoia India, Southeast split from US; rebranded as Peak XV PartnersSequoia India & Southeast Asia has been rebranded Peak XV Partners, the venture capital firm said in a blog post Tuesday. There will be no ...
Car servicing startup GoMechanic acquired by Lifelong group led consortium in slump saleThe sale was led by GoMechanic's venture debt investor Stride Ventures. "This transaction will assist in preserving the ecosystem at large ...
Exclusive: Behind Tata Neu’s muted first year performance; Gokul Rajaram on Indian startups, valuations & moreTata Digital's much-hyped superapp Neu has had a slow start in its first year of launch. Sources told us that the platform contributed less...
NCLAT upholds CCI’s Rs 1,338-crore fine on Google; GoMechanic gone in slump saleThe NCLAT bench has directed Google to carry out the competition regulator’s directions and deposit the fine within 30 days. The penalty of...
Livspace layoffs: Home design startup cuts nearly half of tech, product rolesA total of 36 staffers, including software engineering developers and directors from a team of 80 have been asked to leave the company, sou...
Edtech: M&A talks gain momentum amid a prolonged funding crunchEven as the winter recedes from the capital, the chilly undercurrent of the funding winter was palpable at the GSV Emeritus India Summit, o...
ETtech Long Read: How GoMechanic founders floated new business as trouble mounted at car servicing startupWhile it isn’t unusual for new ventures to approach investors to raise capital at an early stage, March 2022-founded Morsebiz’s journey wea...
SaaS pips fintech as largest unicorn creator in 2022: Orios Venture reportHowever, many of the SaaS unicorns reached the coveted $1-billion valuation on the back of inflated price-to-valuation ratios, Orios managi...
1mg is India’s 21st unicorn of 2022; TikTok hacked, over 2 billion user records stolenTata Digital, a wholly owned subsidiary of the Tata Group, acquired a majority stake (51-60%) in 1mg for a total deal size is in the range ...
Droom to invest Rs 500 to 600 crore for inorganic opportunities, eyes 5-6 acquisitions in 2 yearsET learns the company is looking for acquisitions in the entire chain - from auto insurance to auto lending. Droom is also in the hunt for ...
PharmEasy early backer Orios raises $30 million to back fund's best performersMumbai-based Orios is also expected to hit the market soon for raising a $80-$100 million third fund, founder and managing partner Rehan Ya...