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TRELL VALUATION
Startup funding dips 37% in Q2; govt 'unsure' of Vedanta-Foxconn chip expertiseEven though early-stage deals retained their momentum from the previous quarter, total venture capital for Indian startups fell to just $6....
Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
Over 50K startup employees stare at job loss as India prepares for 200 unicornsNearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacade...
Payments Council seeks govt help on RBI rule; Trell’s troubles mountNow, another industry body – the Payments Council of India – is urging the government to help resolve the fallout from the controversial ne...
Cars24 fires 600 employees across departmentsCars24, backed by Japan’s SoftBank and Alpha Wave Global, has joined a growing list of startups such as Unacademy, Vedantu, and Meesho that...
Edtech unicorn Vedantu lays off 200 employeesAbout 120 of these employees were on contract while 80 were full-time employees, Vedantu told ET. Almost all were from the company’s academ...
BharatePe, Trell, Zilingo investor Sequoia Capital says will respond strongly to wilful misconduct, fraud"We think it’s time for us, as an ecosystem, to sign up for better governance,” says the VC fund, as many of its portfolio firms in India f...
Startups to remain attractive for jobseekers despite hiccups, say expertsIndustry insiders told ET that astronomical hikes to attract talent may likely see some correction in the coming quarters, but the sector i...
Investors buy Trell’s stake in AppsForBharat for $9 million as startup struggles for cashThe secondary transaction saw Mirae Asset and Middle-East based MSA Novo buy shares from Trell, amounting in all to around $9-10 million as...
Infra.Market failed to disclose Rs 224 crore of income: IT probeWhen confronted with the evidence, directors of the group, “admitted under oath this modus operandi, disclosed additional income of more th...
Trell cofounder Sachan sold full stake in company last year, says no longer involvedSachan said he first diluted the majority of his equity in Trell by transferring it to the management stock options plan (Msop) in December...
Exclusive: Tiger Global-backed unicorn Infra.Market faces tax probeIncome Tax authorities have raided offices of the company in several cities, including Noida, Hyderabad, Bengaluru, Pune and Mumbai.
SoftBank may invest in Tata, Mahindra; RBI to set terms of Paytm Payments Bank auditThe news comes just days after we reported that Tata Digital had sought funds from its parent firm Tata Sons after talks with various globa...
Paytm Payments Bank denies it leaked data to China; Trell to lay off hundreds of employeesBloomberg reported that the RBI acted against Paytm Payments Bank as it had allegedly leaked data to entities in China. The company has ref...
EY India probes finances of influencer-led social commerce startup TrellThe team from the consulting firm is looking into alleged related party transactions by its founders and other financial irregularities, th...
ETtech Deals Digest: Flipkart, Delhivery raise funds this weekStartups bagged bigger rounds this week compared to the previous one. E-commerce firm Flipkart and logistics startup Delhivery were among t...
Flipkart lands a biggieFrom Flipkart's new funding to Paytm shareholders giving a go-ahead for its upcoming IPO and WhatsApp's new privacy policy problem, here's ...
Social commerce startup Trell raises $45 million from Mirae, H&M othersPulkit Agrawal, Trell’s cofounder said that the company has fulfilled 1 million orders at an average order value between Rs 750-800.
Trell in talks to raise $25-30 million funding at $400 million valuationTrell’s valuation for the said fundraising is nearly double from August last year when the social commerce platform raised $11.4 million in...
Chinese banks eye early-stage deal in Indian startupsThe access to a country the size of China, the world’s second-largest economy and consumer market is a powerful reason for linking up.