LIGHTSPEED VENTURE PARTNERS
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
Lightspeed, Sequoia Surge and others invest $2 million in Rheo
Rheo is building an ecosystem for mobile gamers where they can stream, watch, ...
Airtel offers Rs 179 Prepaid plan with life insurance of Rs 2 lakh
"Priced at... Rs 179, Airtel's new prepaid bundle offers unlimited calling...
LNG pumps being planned along golden quadrilateral
State-run GAIL is putting together a plan and persuading all possible participants – city gas distributors, gas suppliers, financiers, fleet owners and truck manufacturers – to get them on board and help build an effective ecosystem for LNG-fuelled vehicles in the country, according to people familiar with the development
Acko’s new HR policy extends benefits to partners of LGBTIQ employees
Acko has also created a gender neutral POSH policy that extends coverage to all LGBTIQ+ employees and not only cis-gendered men and women. Acko Technology and Services is the holding company of Acko General Insurance Limited, a new age digital insurance provider founded in 2016.
SoftBank in talks to sell stake in Indian renewable energy venture
The group is looking at a partner that can provide equity commitments of $1.5 billion to $2 billion to execute and complete a pipeline of 7 gigawatts of renewable projects around the world.
Ex-J&K minister’s son held for duping bank to buy homes abroad
Hilal Ahmed Rather, the son of three-time National Conference MLA Abdul Rahim Rather, was picked up from Jammu after an investigation into allegations that he used his father's influence as finance minister in the Omar Abdullah government in 2012 to get multiple loans sanctioned in the name of business ventures.
Clearview AI: The company that might end privacy as we know it
Until now, tech that identifies everyone based on faces has been taboo because of its erosion of privacy.
Byju’s secures $200m from Tiger at $8 billion valuation
New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion.
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
In December, Flipkart and its US-based parent jointly invested an undisclosed sum in Ninjacart, a fresh produce supply chain startup.
Escrowffrr raises $150,000 from Inflection Point Ventures in Pre-Series round
The company currently is focused on real estate and plans to utilize the funds raised through IP Ventures to grow their escrow business beyond real estate as a category, the investor said in a release.
'Singapore companies increasingly collaborating with Indian counterparts'
"As India pushes ahead with digitalization efforts, we see increasing opportunities in health-tech, rural-tech, ecommerce and smart city development,” said Peter Ong Boon Kwee, the chairman of Enterprise Singapore, which promotes Singapore companies globally.
FabAlley raises Rs 8 crore venture debt from Trifecta Capital
HSE had raised its first venture debt round of Rs 5 crore from Trifecta Capital in January 2018, it added. The company had raised Rs 60 crore in series B funding from SAIF Partners in December 2018.
Enforcement Directorate names JSW Steel in BPSL case
The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power and Steel Ltd CMD Sanjay Singal and others in a multi-crore money laundering case linked to an alleged bank loan fraud.
I'm not used to delays: Amazon event delay irks Narayana Murthy
In order to comply with stringent e-commerce regulations, Amazon.com has sold much of its stake in its desi partner Cloudtail, a joint venture between the Bezos behemoth and Murthy's Catamaran Ventures.
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