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Stellaris Venture Partners Secures $300 Million Fund Amid VC Market Slowdown
In a major boost to India’s venture capital ecosystem, Stellaris Venture Partners has closed its third fund at $300 million, marking a 33% increase from its previous $225 million fund raised in 2021....
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Softbank founder, Masayoshi Son sees India becoming top player in AI and...
SoftBank’s innovative CEO, Masayoshi Son, visited India again this week and met with some of the nation’s most well-known business leaders, entrepreneurs, and startup founders. Son promoted the...
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From Rs 50 LPA Salary to Burnout: Lessons from a Failed Startup Founder
In a world enamored by LinkedIn success stories, unicorn valuations, and startup culture, the idea of entrepreneurship often overshadows its harsh realities. This was the case for a corporate VP of...
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CCI Orders Probe into Google Over Alleged Discrimination Against Winzo Games
After Winzo Games, a gaming platform, accused Google of discriminatory tactics, the Competition Commission of India (CCI) requested an investigation into the tech giant. Google’s dominance in online...
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QIPs in 2024 exceed Rs 1 lakh crores in fundraising, break all previous records
Qualified Institutional Placements (QIPs) are smashing all prior records in 2024, a year of unparalleled activity in India’s financial markets. With 82 companies raising a total of ₹1.23 lakh crore so...
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Volkswagen India Faces Allegations of $1.4 Billion Tax Evasion
Volkswagen’s Indian unit, Škoda Auto Volkswagen India Pvt Ltd (SAVIP), has come under the scanner for alleged tax evasion amounting to $1.4 billion. The allegations pertain to misclassification of...
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Weekly Startup Funding News: Indian startups raise $145 Mn this week; from...
The last week of November saw a severe financing dip for the Indian startup ecosystem, with investments falling to $144.8 million across 14 deals, a startling 75% decrease from the $579.5 million...
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Weekly Business Updates: Everything from CCI probe on Google to Volkswagen...
The German car giant’s Indian subsidiary, Škoda car Volkswagen India Pvt Ltd (SAVIP), is being investigated for claimed $1.4 billion in tax evasion. The misclassification of imported auto parts to...
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Anandamoy Roychowdhary Exits Peak XV Partners After 11 Years
Anandamoy Roychowdhary, a prominent figure at Peak XV Partners (formerly Sequoia Capital India), has stepped down after more than 11 years of dedicated service. As a Surge Partner, Roychowdhary was...
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Info Edge Files FIR Against Rahul Yadav: Allegations of Fund Misuse in 4B...
In a significant turn of events, Info Edge, the parent company of Naukri.com, has filed a first information report (FIR) against Rahul Yadav, the founder of its portfolio company 4B Networks, along...
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Indian Rupee Hits Record Low Amid Trump’s Tariff Threat and Slowing Growth
The Indian rupee sank to a record closing low of 84.70 against the US dollar on Monday, marking a challenging moment for the currency amidst escalating global tensions and domestic economic concerns....
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India’s GST Collections for November 2024: Key Takeaways and Insights
For the ninth consecutive month, India’s Goods and Services Tax (GST) collection for November 2024 has remained consistently above the ₹1.7 lakh crore threshold, setting yet another record. The report...
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Delhi High Court Bars Scholars Den’s “Sasta Wallah” Ads Against PhysicsWallah
In a landmark ruling on Tuesday, the Delhi High Court issued a temporary injunction against Scholars Den, preventing the edtech firm from broadcasting or publishing advertisements that referred to its...
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RBI Lifts Lending Ban on Sachin Bansal’s Navi Finserv
The Reserve Bank of India (RBI) startled many by removing lending limits on Navi Finserv Ltd, a non-banking financial company (NBFC) that Sachin Bansal, a co-founder of Flipkart, created. Less than two...
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Swiggy Q2 FY25: Revenue Growth Continues Amid 626 Cr Net Loss
One of the top quick-commerce and food delivery services in India, Swiggy, has announced its Q2 FY25 financial results, which show both significant revenue growth and profitability issues. The company...
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Unacademy’s story from $3.4 Bn at its peak to discussing $800 Mn potential...
The edtech industry, once a darling of the startup ecosystem, is witnessing seismic shifts as Bengaluru-based Unacademy explores a potential merger with Kota’s famed Allen Career Institute. The deal,...
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Zepto Co-founder Aadit Palicha aparks work-life balance debate amid toxic...
The debate over work-life balance in corporate India has found a new flashpoint, with Aadit Palicha, the co-founder of quick commerce giant Zepto, taking a subtle dig at the concept. His remarks come...
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Byju’s Chief Content Manager, business partner under scrutiny as US court...
Byju’s, the struggling Indian software company, is still facing a number of legal issues in both India and the US. Vinay Ravindra and Rajendran Vellapalath, two important executives, have recently come...
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Unacademy’s valuation slashed to $800 Million amid talks discussing sale to...
At a far lower valuation of $800 million, the Indian edtech behemoth Unacademy, which was formerly valued at $3.4 billion, is in advanced negotiations to merge with Allen Career Institute. If...
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IPO-Bound IKS Health Faces Allegations of Oppression and Mismanagement
IKS Health is enmeshed in turmoil as it gets ready for its much awaited initial public offering. Two minority shareholders have petitioned the National Company Law Tribunal (NCLT) in Mumbai, claiming...
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