Summary 1. Led by Accel Leaders Fund, the investment round also included participation from Nandan Nilekani's Fundamentum venture capital firm. 2. Spinny secured the $131 million through a combined primary and secondary transaction structure while maintaining a flat valuation of...
Summary 1. The Unified Payment Interface transactions increased significantly by 13.6% in March, reaching 18.30 billion compared to 16.11 billion in February, establishing a new all-time high record. 2. According to data released by the National Payments Corporation of India...
Summary 1. IndiQube initiated its IPO journey in December of last year, marking a significant milestone by transforming into a public entity and submitting its Draft Red Herring Prospectus (DRHP) during the same month. 2. The upcoming public offering has...
Key Developments 1. Foxconn plans to double its iPhone manufacturing capacity in India, targeting 25-30 million units in 2025 compared to 12-13 million produced last year 2. The company's new Bengaluru facility will play a pivotal role in achieving this...
Summary: 1. Shadowfax's board approved dropping 'Private' from its name during March 6 EGM. 2. Company name changed from 'Shadowfax Private Technologies Limited' to 'Shadowfax Technologies Limited.' 3. Board approved increasing authorized share capital from INR 261.48 Cr to INR...
In a bold statement of resilience amidst ongoing financial challenges, Byju Raveendran, founder of the embattled edtech giant Byju’s, has signaled his determination to resurrect the company that once stood as India’s most valued startup. A Message of Defiance and...
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