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Info Edge commits Rs 250 cr in deep-tech AIF; exits Shopkirana via share-swap deal with TIPLInfo Edge is set to invest up to Rs 250 crore in an alternative investment fund. This fund will back early-stage deep-tech companies in Ind...- Info Edge commits Rs 250 crore to deeptech fund; sells Shopkirana stakeInfo Edge, which was an early investor in Zomato, said the fund will be sponsored and managed by Info Edge’s subsidiary Smartweb Internet S...
- Udaan raises $75 million from UK’s M&G, Lightspeed at flat valuationCEO Vaibhav Gupta stated that an additional $25 million could be expected in the upcoming quarter. The investment comes as the Bengaluru-ba...
- Swiggy’s Rs 5,085 crore raise ahead of IPO; PB Fintech’s financialsThe anchor portion of Swiggy's initial public offering (IPO) closed on Tuesday. This and more in today’s ETtech Morning Dispatch.
- Udaan logs lower net loss, flat operating revenue in FY24After two rounds of layoffs in 2023, the ecommerce platform had 1,500 employees on its roll at the beginning of 2024, compared to the peak ...
- Udaan eyes $100 million from UK’s M&G, others at flat valuationUdaan has been scaling down operations to cut its burn in a tightening liquidity market. The company has now refined its strategy, concentr...
- Udaan CFO Aditya Pande resigns; firm announces senior-level changesKiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate stra...
- Udaan valuation dives to $1.8 billion in down roundBengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last De...
- UK’s Prudential may lead Udaan down round; below $2 billion value seenThe Lightspeed India-backed startup is likely to see a significant drop in its valuation, to under $2 billion during the new financing roun...
- More startups want to ‘flip’ back to India; SoftBank’s returns from listed firmsStartups are moving their overseas holding entities to India ahead of their forthcoming public listings, especially in the fintech sector w...
- CCI clears Alpha Alternatives Group stake purchase in Dilip BuildconThe transaction involves the acquisition of 9.99 per cent of the equity stake in DBL by way of subscription to warrants by Alpha Alternativ...
- Udaan lays off over 100 employees shortly after $340 million fundraiseMost of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, peopl...
- Udaan raises $340 million in funding from UK’s M&G Prudential, othersThe funding round also saw participation from existing investors such as Lightspeed Venture Partners and DST Global, the firm said in a sta...
- M&G Group gets CCI nod for subscription of Trustroot Internet bond, warrantsThe combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by th...
- Even small Chinese investments likely to face government scrutinyIn April, the government had made changes to the FDI policy to scan all investments from neighbouring countries with an eye on Chinese infl...
- Udaan to raise $500 million, valuation may climb 2x to $2.2 billionRound may see new investors like Hillhouse, Altimeter along with existing backers.
- Trustroot puts Rs 139 cr in UdaanUdaan set to take off with a fresh tranche of funds from Trustroot, even as HealthKart gets fresh funding.
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