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PROSUS BACKED STARTUP
Lenskart block deal; Meesho's kirana pushLenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.- Zepto’s $1 billion IPO; Navi eyes fresh fundsHappy Tuesday! Quick commerce firm Zepto has filed updated draft papers for its $1 billion public offering. This and more in today’s ETtech...
- Together Fund’s Manav Garg joins portfolio firm Emergent as executive chairmanAnnouncing the move in a LinkedIn post on Thursday, Garg stated that he will continue supporting founders and portfolio companies at Togeth...
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- Peak XV folds Surge into broader early-stage investing amid executive exits, fewer cohortsPeak XV Partners is reshaping its Surge seed-investing platform. The venture capital firm is integrating Surge more closely with its overal...
- ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-yearIndian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 m...
- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- In India, $1 housekeepers spark a consumer, worker frenzy despite safety risksSome Indian startups are offering house help for as little as $1 an hour, attracting thousands of women seeking work and consumers eager fo...
- VCs double down on high-growth bets as select startups ratchet up steep valuationsIndian mid-stage startups are seeing significant valuation surges despite a broader funding slowdown, indicating a concentrated pool of hig...
- Deccan AI raises $25 million from A91 Partners, SIG, Prosus Ventures, eyes enterprise customersDeccan AI has raised $25 million in a round led by growth equity firm A91 Partners, with participation from Susquehanna International Group...
- Six startups receive early-stage funding under Accel-Prosus partnershipProsus and Accel have invested in six early-stage Indian startups under their Atoms X programme, supporting ideas across air purification, ...
- Prosus broadening India remit to back firms at all stagesSpeaking to ET after Prosus reported its half-yearly earnings, its India ecosystem head Ashutosh Sharma said the investor has the ability t...
- Rapido leads India’s mobility market, says Prosus CEO Fabricio BloisiBengaluru's Rapido has emerged as India's top mobility player, according to Prosus CEO Fabricio Bloisi. The Dutch investor, increasing its ...
- TVS Motor to divest Rapido stake to Accel, Prosus for Rs 288 croreTVS Motor Company is selling its stake in Rapido. Venture capital firm Accel and investor Prosus will acquire shares for Rs 288 crore. This...
- Accel, Prosus team up for early-stage investments in IndiaLeading tech investor firms Prosus and Accel have teamed up to bolster India's dynamic early-stage startup landscape. This collaborative ef...
- Dutch investor Prosus pegs IPO-bound Urban Company’s fair value at $2.4 billionProsus has valued Urban Company at $2.4 billion in its FY25 report, ahead of the startup’s Rs 1,900 crore IPO. Other Prosus-backed firms, i...
- Swiggy, Meesho investor Prosus and parent Naspers name Fabricio Bloisi as CEOFabricio Bloisi appointed chief executive of Prosus and Naspers, succeeding Bob van Dijk. Bloisi, current CEO of iFood, a food delivery bus...
- Expect further corrections in startup valuations: Prosus CEO Bob van DijkThe froth of the low-interest rate regime hasn’t fully been washed away and the startup ecosystem is likely to see valuations drop further,...
- Prosus in talks to put $200 million into PharmEasyProsus is expected to get a double-digit stake in PharmEasy's parent. Private equity major TPG Capital is also picking up about 7% stake in...
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