Uber-rival Bolt raises 100 million euros
Bolt has expanded its food delivery business to 15 countries from four during this year as demand has surged.
CarDekho lays off 200 employees, up to 22.5% pay cut for rest
When contacted by ET, a spokesperson for CarDekho confirmed the layoffs and pay...
Rebel Foods to expand beyond cooked meal brands, brews a new food kits plan
The idea is to extend cases beyond restaurants and create product...
Airbnb board meets to consider raising funds or buying assets
The home-rental startup has been approached by a dozen potential investors, according to the people, all of whom asked not to be identified discussing private information.
SoftBank seeks $10 billion to support Vision Fund companies
Some of the fund’s largest investments have already taken a hit. Uber Technologies Inc. shares have more than halved in the past month, in part because its ride-sharing service Uber Pool has been banned in certain geographies.
Startups must adapt to new models due to Covid-19 pandemic
The theme of the global webinar, organised by the Department of Computer Science Engineering of BU on Monday, was ‘AI Solutions for Covid’.
NoBroker.com raises $30 million from General Atlantic
The investment is expected to value NoBroker at about $400 million, with the PE firm having pumped in about $80 million in the six-year-old company till now.
upGrad earmarks Rs 50 crore to acquire ed-tech firms this fiscal
The company will earmark about Rs 50 crore for the future funding of these business activities, he added. Upgrad did not disclose the name of the companies that it plans to acquire.
Sequoia seeks to raise $7 billion for new funds as markets reel
The firm made headlines with its memo earlier this month that coronavirus represents a “black swan” event, meaning an unexpected disruption with widespread financial impact.
CoreStack raises $8.5 million in series A funding round
These enterprises are engaged in financial services, healthcare, large IT services, ISVs, education services who have reported an annual cloud cost savings of 20%-60% using their solution.
Cryptocurrency exchange Binance sets up $50 million Indian blockchain fund
The fund, which plans to invest upwards of $100,000 per startup, promises to open up direct access to Binance’s global blockchain ecosystem to India’s entrepreneurial community.
Zomato places an order for Grofers at $750 million valuation
Japanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged entity, sources close to the matter said.
SoftBank forecasts record losses as startup bets backfire
Son’s conglomerate has taken one blow after another since the implosion of WeWork’s initial public offering last year and SoftBank’s subsequent bailout.
Capital Float raises Rs 110 cr in fresh round
The Bengaluru-headquartered NBFC will utilise the proceeds from the latest round to bolster its capital base and expand lending to small and medium enterprises and consumers.
Sachin Bansal-led Navi Technologies scoops up Rs 204 cr from Gaja Capital
The documents filed by the Bengaluru-headquartered company show that Navi Technologies has allotted 1.45 crore equity shares, at a price of Rs 140.50 apiece, to three entities—Gaja Capital Fund-II, GCFII-B and Gaja Capital India AIF Trust.
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