Invact Metaversity saga: Angel investor Gergely Orosz writes to shareholders about CEO Manish MaheshwariIn an email to investors of the company, Orosz said that Maheshwari wants ‘more equity than vested’. Maheshwari, the former Twitter India h...
08 Dec, 2022, 01.23 PM IST
Tech’s biggest losers in 2022What’s different this time is the companies getting battered are market leaders in their categories, not recent upstarts looking to cash in...
28 May, 2022, 07.28 AM IST
Nykaa’s consolidated net profit falls 58%; Manish Maheshwari to quit Invact MetaversityNykaa has clocked steep declines in net profit in all three quarters since it went public.
27 May, 2022, 08.07 PM IST
Now, Google in talks to join ONDC; Purplle may raise fresh funds at $800 million valuationGoogle is also in talks to partner with ONDC, which it sees as a means of discovering businesses.
27 May, 2022, 07.45 AM IST
E-commerce on the menu for Swiggy; some edtech startups stay bullish amid layoffs; Inventus rebrands to AtheraSwiggy, which earns 75% of its revenue from its food business, has been exploring options to increase its revenue stream from other vertica...
26 May, 2022, 09.04 AM IST
- Now, Sequoia cautions founders; Invact angel investor says CEO holding company hostage; and Country Delight valued at $615 million
Sequoia Capital has issued another worldwide downturn missive cautioning its portfolio founders not to expect a speedy recovery from curren...
25 May, 2022, 07.46 PM IST
Startup dreamers return to IT firms after layoffs; Zomato reports Rs 360 crore net loss in Q4IT firms have been battling record attrition of late, so startups’ loss is their gain.
24 May, 2022, 07.11 AM IST
Former Twitter India head’s startup Invact Metaversity stares at shutdownMaheshwari’s ‘irreconcilable differences’ with co-founder Tanay Pratap is said to be the reason for the move, according to an email that Pr...
23 May, 2022, 09.50 PM IST
Zomato net loss jumps to Rs 360 crore in Q4; Invact Metaversity is in troubleTotal revenue grew to Rs 1,350 crore in Q4 from Rs 750.8 crore in the same quarter in FY21.
23 May, 2022, 08.28 PM IST
Free speech absolutist Elon Musk may chafe at laws of land, say expertsMusk wants to “control the media platform” for the benefit of his own firms, and it may mean the end of “free speech platform Twitter” as w...
27 Apr, 2022, 07.57 PM IST
Cloudtail’s closure begins; Reliance aims to be quick-grocery giantCloudtail, which at one point accounted for more than half of all sales on Amazon in India, is now in its final days.
28 Mar, 2022, 10.10 AM IST
The meta ambitions of Indian startupsIndia’s vibrant startup ecosystem is uniquely poised to take the lead in Metaverse. Already, many investors are queuing up to grab a share ...
27 Mar, 2022, 06.00 AM IST
Invact Metaversity raises $5 million funding led by Arkam VenturesAntler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2amVC (US) also invested in the round, valu...
21 Feb, 2022, 07.28 PM IST
The state of CBDCsThis week the International Monetary Fund (IMF) released a report outlining six case studies of central bank digital currencies (CBDCs).
12 Feb, 2022, 08.53 AM IST
BharatPe’s Grover looks to sell stake; crypto exchanges face another tax headacheBharatPe cofounder Ashneer Grover is in talks with investors to sell his 9.5% stake in the $2.8-billion startup. But will he be able to exi...
08 Feb, 2022, 08.27 AM IST
NCLAT to hear Amazon next week; Zomato’s Goyal invests in Park+Amazon will ask the National Company Law Appellate Tribunal (NCLAT) next Monday to stay the Competition Commission of India’s (CCI) order s...
07 Feb, 2022, 08.31 PM IST
Former Twitter India head Manish Maheshwari's Invact Metaversity raises funds at $33 million valuationThe fundraise by Invact Metaversity saw participation from Kishore Biyani (Future Group), T.V. Mohandas Pai (Manipal Global Education), Dr ...
07 Feb, 2022, 05.29 PM IST