Paytm signs new Noida office deal, eyes space in B'luru
The SoftBank- and Alibaba-backed company had bought a 10-acre land parcel in 2018 in Noida to build its own campus, but that plan has been put on hold for now.
Lido Learning gets $4.5 million in Series B funds
The company had also said earlier that it would bring on board 500 online tutors to cope wi...
o9 Solutions raises $100 million from KKR
The US-headquartered firm has a significant presence in India and provides a planning and operation...
What is an equity mutual fund?
An equity mutual fund invests mostly in equity or stocks. In India, a mutual fund scheme must invest at least 65% of its corpus in Indian stocks or equity and equity-related investments to be treated as an equity mutual fund for the purpose of taxation.
Drip funding: Swiggy, Zomato settle for smaller cheques of $5-10 million
Food delivery companies take offers of $5-10 million in tough conditions.
MFine sees 210% growth in corporate signups; to partner over 200 firms by year-end
MFine said the COVID-19 outbreak has pushed employers to take employee health seriously and many are offering various solutions that go beyond hospitalisation benefits.
The tax rule that inspired billionaires and movie stars to back climate moonshots
Prime’s backers include Will Smith and Jada Pinkett Smith, billionaire Orion Hindawi, the Packard Foundation, the Hewlett Foundation, and the Sierra Club Foundation.
Fighting the Coronavirus with innovative tech
Healthe of Melbourne, Florida, has created disinfectant devices that use a different technology, far-UVC light, which scientists say is a safe version of UVC for humans.
Venture Capital fund managers look for lifecycle extension to tide over Covid-19
India’s VC-backed startups have been hit significantly as the country imposed a mandatory lockdown to contain the outbreak. Discretionary spending by consumers have plunged and the country’s gross domestic product for financial year 2020-21 has been forecast at 1.8%, according to Fitch Solutions.
Government fast tracks plan to provide social security for gig workers
The government has held several rounds of discussions since the second week of March with existing social security providers, like the Employees Provident Fund Organisation and the Employees' State Insurance Corporation, sources said.
Swiggy raises additional $43 mn as part of ongoing funding round
Along with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets have participated in the latest fund raise, Swiggy said in a statement.
Being a sore loser doesn't make WeWork’s Neumann wrong
Neumann has destroyed $10 billion of SoftBank's money, yet allowing him to salvage a few hundred million dollars from this share-sale deal may help him let go of the company he built and lost
Flipkart preparing to start hyperlocal delivery services: Sources
The service will be available via the Flipkart app, and initially, deliveries will be done from local warehouses and select shops.
Shikhar Dhawan invests in yoga brand Sarva
Bollywood celebrities Malaika Arora, Aishwaryaa R Dhanush, Shahid and Mira Kapoor also back the venture.
FarEye brings on board new chief revenue officer
In his new role, Amit Bagga will focus on leveraging key revenue opportunities across sales and operations, enhanced customer experience, marketing, and partner strategy, all of which will help pivot towards a customer-first focus for the company.
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