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META CRED FUNDRAISE
Kunal Shah is WhatsApp CEO as Meta leads $900 million financing in CredMeta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 mi...- Amazon's Now pivot; Anthropic's revenue surgeAmazon is shuttering its Fresh service in major cities to focus on its quick commerce platform. This and more in today's ETtech Top 5.
- FirstCry refiles IPO papers; Groww secures payment aggregator licenceFirstCry has refiled its draft IPO papers with market regulator Sebi with updated financials. More on this in today’s ETtech Top 5.
- KKR’s big bet on BookMyShow; Free Fire Max tops esports sweepstakesPrivate equity fund KKR is in advanced talks to pick up a significant minority stake in online ticket-booking platform BookMyShow. This and...
- Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
- Crypto consolidation is coming; IT minister on $10B chip schemeIndia's cryptocurrency bill may not be introduced in the current session of Parliament, we reported yesterday, but it seems the crypto indu...
- Crypto bill may skip winter session; SoftBank bets on Indian fintech againNow, having listed the bill for the winter session, the government may back out again for – you guessed it – more reworking. Crypto deja vu...
- Meesho's non-discount; crypto bill to ban transfers between exchangesWhen Meesho wrote to its sellers earlier this week about an upcoming sale, the company chose its words carefully, saying it would offer a m...
- IPOs that crashed and burnedPaytm’s disastrous stock market debut—where its share price tanked 27.4% from its issue price—shares similarities with listing day performa...
- Indian startups raise $10B in a quarter; Blockchain explainedIndia’s startups continue to notch up new records in an unprecedented year for fundraising. The latest is that the country’s new-age firms ...
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