With its anticipated Initial Public Offering (IPO) later this year, Swiggy, one of the biggest food delivery services in India, is preparing for a momentous occasion. According to the company’s annual report…
Tag: Firm
Ola gets trolled on social media for claiming Ola Electric to be 4th largest EV firm ‘excluding China’
At the eagerly awaited Ola Sankalp event, Ola Electric Mobility, the powerhouse of the Indian electric vehicle (EV) market, recently introduced a new line of electric bikes. Bhavish Aggarwal, the founder and…
Gurugram-based firm Ecom Express files for Rs 2,600 Cr IPO
Gurugram-based B2C e-commerce logistics provider, Ecom Express, has taken a significant step in its growth journey by filing a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India…
South Korean Tech Mogul Arrested for Alleged Stock Manipulation of Kpop Firm The Allegations and Arrest
South Korean billionaire and tech mogul Kim Beom-su, the founder of the internet giant Kakao, was arrested on Tuesday for allegedly manipulating the stock of SM Entertainment. Kakao acquired a controlling stake…
Byju’s CEO claims firm might face total shutdown following insolvency proceedings
Once the biggest and most valuable startup in India, Byju’s is currently facing an existential crisis that could endanger the company. The business, which is renowned for transforming online learning, is facing…
Kiran Mazumdar Shaw’s biotech firm Immuneel Therapeutics raises $12 Mn from Taiba Middle East
Immuneel Therapeutics, co-founded by biotech genius Kiran Mazumdar-Shaw, has raised a large INR 100 Cr (about $12 Mn) in its extended Series A fundraising round, marking a huge step towards changing cancer…
Byju’s lenders file bankruptcy petitions against US assets of the firm, Tynker, Osmo, and Epic
In a significant development, some term holders and an agent of the term loan associated with BYJU’S have filed petitions in Delaware Bankruptcy Court to initiate involuntary Chapter 11 bankruptcy proceedings against…
US Firm Level Access Acquires Israeli Startup UserWay in $99 Million Deal A Transformative Merger in Digital Accessibility
In a groundbreaking move, UserWay, an Israeli startup specializing in AI technology to enhance digital accessibility for individuals with disabilities, has sealed a deal with US-based Level Access. The acquisition, valued at…