Goldman Sachs is likely to convert some of its loan to online pharmacy PharmEasy into equity. Buoyed by binding commitments from existing i...

A down round is when a privately held firm raises funds at a valuation lower than that ascribed in the previous round.

With the global liquidity situation changing, institutional investors were no longer interested in waiting patiently for startups to go hyb...

Prosus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...

Earlier in February, the fund manager had cut the value of its investment in Byju’s to about $11 billion. The edtech firm’s other marquee i...

Some of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and...

Online pharmacy PharmEasy recorded a positive ebitda of around Rs 14 crore, which means it is operationally profitable, even as one of its ...

The global investor, which picked a stake in PharmEasy in September 2021, has reduced the valuation of its holding in the firm by half, whi...

The layoffs are part of a regular process that was triggered after a comprehensive performance review to track employee efficiency, it said.

A senior executive at one of the ‘Big Four’ audit firms said qualifications are always a negative for a company and it means the company be...

Over the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessfu...

Ecommerce giant Amazon has resorted to another round of mass layoffs in a bid to cut costs. CEO Andy Jassy, in a statement to staff, said t...

From controversies and regulatory diktats to high-profile exits and en masse layoffs, 2022 was a turbulent year for the tech industry.

The layoffs were attributed to a variety of factors, including restructuring, macroeconomic headwinds, and the ongoing Russia-Ukraine confl...

Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emai...

Years of crippling economic sanctions and pressure from governments in the neighbourhood (mainly China) have forced North Korea to come up ...

PharmEasy is ready to take a valuation cut of up to 25% to bag $200 million from investors amidst the ongoing funding winter, sources told ...