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UDAAN BANKRUPTCY
Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claimBlackrock, world’s largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include up...- Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
- Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Dream Sports does an express flipback; among first to reverse merge sans NCLT nodThis is among the first examples of a new-age firm using the fast-track mechanism for cross-border mergers, under which a foreign holding e...
- India gears up for a new airline as Shankh Air gets aviation ministry's nodIndia's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry to operate in the country. The airline will be b...
- Rise & rise of secondary deals; advantage desi data centresHappy Friday! Total funding raised by Indian startups fell in the first half of 2024, but late-stage activity showed signs of revival, as p...
- No spending freeze at startups; Swiggy, PharmEasy FY23 report cardTop internet firms didn’t let a ‘funding winter’ dampen their urge to spend in the last fiscal, an ET analysis found. Details of this and m...
- Deepfakes a ticking bomb for video KYCs; Indian startups cut 28,000 jobs in brutal 2023Nithin Kamath, the chief executive of Zerodha, one of India’s largest stockbrokers, took to social media to post a deepfake image of himsel...
- Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exitsThis time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Long...
- Cred continues fintech consolidation; Dailyhunt parent sacks 150 employeesDays after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector ...
- 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...
- Bringing ATF under GST beneficial both to government as well as airlines: Jyotiraditya Scindia“Longer term it is much more efficient both from a taxation point of view and from an industry point of view to have ATF under GST because ...
- FMCGs say can only tweak trade terms, but distributors demand margin parityThe All India Consumer Products Distributors Federation (AICPDF) has written a letter to over two dozen top consumer companies, including H...
- Stocks in the news: YES Bank, Infosys, Tata Motors, Indiabulls Housing and NMDCNMDC said the IBM has approved its proposal to increase production at Kumaraswamy mines.
- Startup nation: Indian startup founders reveal important new trendsEntrepreneurs are maturing in their mindset. What are the yardsticks they use to benchmark their success?
- Budget 2019 speech by FM Piyush Goyal: Full textTo promote entertainment industry - Single window clearance for ease of shooting films, available only to foreigners, is now going to be ma...
- View: Budget 2018 to reduce the gap between rural Bharat and urban IndiaThe decision to raise tax exemption limit on interest income and increased deduction for healthcare insurance premium for senior citizens w...
- Yamuna Expressway Authority assures refunds to Jaypee home buyersThe decision of refunding the buyers' money was conveyed to the builder about three months ago. The first instalment of the refund is to be...
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