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PROSUS REPORT
BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.
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...
Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel USSachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Gr...
Ixigo acquires majority stake in hotels brand Brevistay for Rs 66 croreGurugram-based Ixigo has acquired a 55% stake in hotel-booking brand Brevistay for Rs 66 crore, significantly strengthening its hotels busi...
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...
Prosus considering raising Delivery Hero stake in bid to thwart Uber takeover: ReportDutch tech investor Prosus is looking to buy more shares in Delivery Hero. This move aims to block a takeover bid from Uber. Prosus already...
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...
India ranks 4th globally on AI performance; 5th in digital economy rankings: ReportIndia has surged to become the world's fifth most digitalised economy and ranks fourth in AI performance, a new report reveals. This positi...
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...
ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for InstamartSwiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its a...
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.
Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPOOla Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of...
Premji Invest in talks to join Emergent fundraisePremji Invest is reportedly in talks for a significant investment in coding platform Emergent's $250 million funding round, which could val...