LIGHTSPEED VENTURE PARTNERS
PayU buys PaySense for an equity valuation of $185 million
On the complete consummation of the deal over the next 24 months, PayU will have about 80% stake in the merged entity.
Phase I of Sino-US trade pact a done deal, Phase-II likely after elections: Santosh Rao
"We are heading into an election year, Brexit is done...
Suits & Sayings: Whispers and murmurs in corporate corridors & policy parlours
ET’s weekly roundup of the wackiest whispers and murmurs in co...
Walmart India lets go of top executives across divisions
Walmart announced layoffs across sourcing, agri-biz & FMCG divisions. More people will have to leave later.
Generico gets Rs 10 crore funds from Alteria Capital
Alteria Capital, founded in 2018 by Vinod Murali and Ajay Hattangdi, typically puts in between Rs 2 crore and Rs 100 crore in startups across sectors. In Generico, it is investing out of its maiden Rs 962 crore venture debt fund.
MyGate aims at 10-fold growth in user base in 2020
The firm has raised a 'Series B' funding of $56 million from the Chinese internet giant Tencent Holdings, US- based JS Capital, Tiger Global Management, besides the existing investor Prime Venture Partners.
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
At SoftBank’s jewel, Oyo, a ‘toxic’ culture and troubling incidents
The company expects to lose money through at least 2021, and efforts to expand in Japan have flopped.
Huge blow to telecom cos: SC hangs up on telcos’ AGR review petitions
Voda Idea & Airtel may file curative petitions, seek more time to pay combined Rs 89,000 cr dues
Blume Ventures puts $1.5 million in TapChief
The startup plans to use the funds to expand its network of professionals, enhance its product offering and integrate its technology with existing enterprise people management systems.
Govt plans advisory body for startups
Along with the biggest names in India’s startup ecosystem, the Council will also include regulators.
Oman’s deceased Sultan Qaboos shared special bonds and connect with India
India is among Oman’s top trading partners, with bilateral trade reaching $5 billion in 2018-19. India was the second-largest importer of crude oil from Oman in 2018. There are over 780,000 Indian citizens living in Oman, the second-largest expatriate community in the country.
On his way to Tokyo: Tennis star Bopanna on preparing for 2020 Olympics, physiotherapy & love for his daughter
Bopanna has no plans to hang up his boots just yet.
Wall Street battles upstarts in hunt for Silicon Valley rich
Fourteen San Francisco-area companies that began trading publicly last year have raised more than $15 billion, led by Uber Inc.’s $8.1 billion and Lyft Inc.’s $2.3 billion. Expand that to include the 16 other Bay Area firms that have gone public and the amount jumps to more than $20 billion.
SoftBank in talks to sell majority stake in India renewables JV
It is considering various options, ranging from an outright sale of its 70% stake to a majority stake sale.
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