Byju’s defaults on $40 mn loan payment, sues lender; Sequoia India is now Peak XV PartnersDays after its negotiations with creditors to restructure a $1.2 billion term loan fell through, edtech firm Byju’s missed a quarterly inte...
06 Jun, 2023, 08.18 PM IST
FTX bankruptcy judge rejects call for new investigation into crypto exchange's collapseJudge John Dorsey in Wilmington, Delaware, rejected a request by the US Department of Justice's bankruptcy watchdog.
15 Feb, 2023, 10.28 PM IST
FTX investor sues Sequoia Capital, Thoma Bravo, ParadigmVenture capital firms have faced criticism for plowing huge sums into FTX at towering prices. The company was valued at more than $32 billi...
15 Feb, 2023, 10.15 AM IST
Bhavik Koladiya sues Ashneer Grover; govt extends feedback deadline for draft gaming rulesKoladiya founded the fintech firm in 2017 with Shashvat Nakrani, his schoolteacher's son. In 2018, they began searching for a chief executi...
18 Jan, 2023, 10.36 AM IST
The Musk-Twitter sagaThe stunning $44 billion deal was wrapped up just three weeks after Musk first disclosed a 9.2% stake in the firm, and 11 days after he ann...
13 Jul, 2022, 05.25 PM IST
Lightspeed closes $500M fund for India, SE Asia; Vivo asks ED to unfreeze accountsSilicon Valley venture capital firm Lightspeed Venture Partners has closed its latest fund for India and Southeast Asia at half a billion d...
12 Jul, 2022, 07.07 PM 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
Indian startup king Ashneer Grover loses luster after embezzlement accusationsWithin BharatPe, one of the country’s fastest-growing financial technology companies, a ferocious split has divided the startup’s board fro...
10 Mar, 2022, 11.04 AM IST
Crypto signups spike; India’s sovereign wealth fund bets on FirstCryThe number of people who signed up for accounts with Indian crypto platforms was 30-50% higher on Tuesday, when the finance minister announ...
02 Feb, 2022, 07.43 PM IST
Udaan gets going on groceries; crypto players feel the heatScrappy B2B ecommerce upstart Udaan and Tata Digital-owned BigBasket are taking different approaches to corner as much as possible of India...
25 Nov, 2021, 08.55 AM IST
Zomato’s $500m bet on Grofers, Sebi's missive on IPO adsZomato, which has twice tested—and aborted—its own grocery delivery service since the start of the pandemic, is now in talks to invest up t...
18 Nov, 2021, 07.34 AM IST
Paytm founder’s pre-IPO windfall; Google sues CCIIPO-bound Paytm, which recently increased its employee stock options pool from around 24 million to around 61 million, has given almost hal...
23 Sep, 2021, 08.28 PM IST
Tata Digital's cosmetics play; Byju's acquires TynkerTwo weeks ago we reported that Tata Digital was postponing its SuperApp launch. Now, our sources tell us the company is wrapping up plans t...
17 Sep, 2021, 07.15 AM IST
SC issues notice to centre on PegasusThe government has so far denied conducting “illegal surveillance” but is yet to answer the most important question: did it use Pegasus to ...
17 Aug, 2021, 08.06 PM IST
ByteDance is poised to miss US deadline for TikTok saleByteDance founder Zhang Yiming has been caught in a clash between the world’s two preeminent powers. The serial entrepreneur has been reluc...
11 Sep, 2020, 11.30 AM IST
VentureNursery's demands in way of OYO’s Zo acquisitionVentureNursery’s demand that it be given access to information and the right to exit at a pre-determined valuation has stalled the acquisit...
13 Apr, 2016, 12.33 PM IST
Micromax ex-chairman Sanjay Kapoor threatens to drag company to courtThe company in late August had claimed that Kapoor "decided to move on" when it announced his exit.
09 Oct, 2015, 07.11 PM IST