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EDTECH STARTUP FUNDING
Edtech firm ByteXL raises $9 million in Series B round led by Elevar EquityExisting investors Kalaari Capital and the Michael & Susan Dell Foundation also participated in the round- Ecommerce's festive push; Vertex's AI betsHappy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning...
- Arivihan raises $10 million from Prosus, Accel to expand AI tutoringCofounder and chief executive Ritesh Singh Chandel told ET that Arivihan will use the funds to cover almost all state boards by year-end, e...
- UPI charges from October 15; Activate’s maiden fundHappy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.
- AI-focused VC firm Activate closes maiden fund at $105 millionThe investment platform comprises an $85 million early-stage fund and $20 million deployed through dedicated growth-stage vehicles. The ear...
- Voice AI startup Arrowhead eyes fresh funding to accelerate international expansionArrowhead is betting on BFSI-led international expansion as it scales voice agents across lending, insurance, collections and customer serv...
- Info Edge appoints former Adobe India MD to its board, Himanshu Agarwal as new CFO amid leadership reshuffleNaresh Chand Gupta has been appointed by Info Edge as a non-executive director, while Himanshu Agarwal steps into the role of chief financi...
- From Mamaearth to Phool: Shilpa Shetty, MS Dhoni, Sachin Tendulkar, Alia Bhatt among celebrity investors to back startupsCelebrity investments: Bollywood stars and cricket legends are increasingly backing Indian startups. A Tracxn report identifies 10 celebrit...
- India’s late-stage funding crunch shrinks cheques, cuts valuationsThe squeeze in late-stage funding remains prevalent in India, showing no signs of reversing. Late-stage startup funding fell 38% year-on-ye...
- Shilpa Shetty beats Virat Kohli, MS Dhoni: 10 celebrities with the highest number of startup investment roundsShilpa Shetty Kundra leads Tracxn’s ranking of celebrity startup investors with 10 disclosed funding rounds between 2021 and 2026 YTD. MS D...
- Udaan to buy Swiggy’s Lynk; India’s BRICS tech pushUdaan is set to acquire Swiggy-owned Lynk Logistics. This and more in today's ETtech Top 5.
- Restaurants step up food safety; UpGrad seals Unacademy dealHappy Wednesday! India’s food safety crackdown is forcing restaurants to clean up their kitchens and supply chains. This and more in today’...
- UpGrad completes Unacademy acquisition; Ultrahuman’s $60 million raiseUpGrad has completed its acquisition of Unacademy, marking the close of a major consolidation in India’s edtech sector. This and more in to...
- Tech layoffs continue; ITC Infotech-Happiest Minds to mergeHappy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning...
- WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exitWestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimmi...
- Lightspeed exits PhysicsWallah in Rs 550 crore block deal with 30% returnThe transaction gives Lightspeed a relatively modest return from its nearly two-year investment in PhysicsWallah. The investor had put abou...
- Zerodha’s growth stalls; IT’s new deal modelZerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
- New-age stocks take off; Swiggy goes IndianHappy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech...
- Zetwerk promoters pledge stake; PhysicsWallah Q1 losses narrowZetwerk’s promoters have pledged nearly a third of their stake ahead of the company’s IPO. This and more in today's ETtech Top 5.
- Edtech firm Techmaghi bags Rs 20 lakh startup seed fundLaunched in 2021 with a modest 30-member team, Techmaghi is today a leading education provider, having trained more than 75,000 students, g...
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