The deal, primarily in cash, will see Axel Springer sell its 91% holding in CarWale five years after first acquiring the stake.
TinyOwl will lay off more than 100 employees — its second round of staff cuts in two months — as it scales back operations in four cities, CEO Harshvardhan Mandad said.
Private equity investors have instead quietly reaped a windfall by backing logistics companies providing back-end support in the ecommerce rush.
In September, TinyOwl laid off about 200 employees. The latest staff cuts will be in marketing, sales and HR teams in Delhi, Hyderabad, Chennai and Pune.
News and ebooks mobile application Dailyhunt is bringing FMCG sectors “sachet marketing” strategy to books by introducing chapter-wise billing.
Taskbob has acquired Zepper Services Pvt Ltd. The deal would help Taskbob expand into the Bengaluru market for house cleaning, drivers and other services.
Razorpay has raised $9 million in a round led by Tiger Global that also saw participation from Matrix Partners, as part of a plan to further build its product.
Oyo has started preliminary talks to raise as much as $400 million as it looks to consolidate its lead and targets 'unicorn’ status for its valuation.
OYO Rooms hires former venture capital investor Maninder Gulati as head of strategy, corporate development
OYO Rooms has hired a former venture capital investor Maninder Gulati as its head of strategy and corporate development.
Innoven Capital expects a two-thirds increase in its deal count as it hopes to lend up to Rs 300 crore to startups by the end of this year.
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