Page 2 - Company - Start-ups - News
Byju's turns profitable in 8 years, gears up to enter US in a big way
First Indian consumer-tech start-up to achieve feat; sales soar 186% in a year
 "Byju's turns profitable in 8 years, gears up to enter US in a big way")
Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services
Aakash Educational Services runs Aakash Institute, which has over 200 brick and mortar centers and tutors students to gain entry into the country's elite engineering and medical schools
 "Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services")
India will rival US in churning out internet tech cos: Rise Capital founder
In a Q&A, Nazar Yasin dwells why he left Tiger Global, and how Rise Capital stood out from the crowd with its focus on emerging markets and Indian regulatory changes
 "India will rival US in churning out internet tech cos: Rise Capital founder")
How the dreams of thousands of Ola and Uber drivers are turning sour
Once app-based cab aggregators became popular and their driver population burgeoned, they pruned incentives and began charging drivers hefty commissions. The pandemic only made matters worse
 "How the dreams of thousands of Ola and Uber drivers are turning sour")
B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge
Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company's presence globally.
 "B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge")
ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures
Firm will use proceeds for product innovations leveraging evolving technology, and harness the power of AI to help CPG makers grow and navigate digital disruption better
 "ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures")
Over 10 Indian start-ups may mop up at least $10 billion in IPO rush
Market boom, success of global start-ups key drivers
 "Over 10 Indian start-ups may mop up at least $10 billion in IPO rush")
Byju's in talks to raise up to $700 mn, valuation may cross $15 bn
The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources
 "Byju's in talks to raise up to $700 mn, valuation may cross $15 bn")
Byju's in talks to acquire US-based reading platform Epic: Report
Deal could help acquirer deepen US footprint. Epic's platform has 40,000 popular, high-quality books from 250-plus publishers. It aims to fuel curiosity and reading confidence in kids 12 and under
Byju's acquires Aakash Educational Services for $1 billion over Zoom call
With over 215 centres and a student count of more than 250,000, Aakash provides test preparatory services to students preparing for a host of competitive exams
 "Byju's acquires Aakash Educational Services for $1 billion over Zoom call")
Indian edtech giant Byju's expands globally, launches Future School
Byju's Future School will be available in the US, UK, Australia, Brazil, Indonesia and Mexico in May and will progressively expand to more geographies in the near future
The rise & rise of Byju's: The edtech startup's journey explained
In this podcast, we explained the reasons behind Byju's rapid surge in valuation and funding and company's future plans to tap global markets. Tune in
'My mission is to bridge skilling gap in workforce,' says Eruditus CEO
The start-up, which closed $650 million funding at $3.2 billion valuation from Softbank and Accel, operates in the re-skilling space
 "'My mission is to bridge skilling gap in workforce,' says Eruditus CEO")
Fintech firm BharatX raises $4.5mn in seed round to expand business
The company works with brands and websites to provide a credit feature in their apps to serve customers.
 "Fintech firm BharatX raises $4.5mn in seed round to expand business")
Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures
First time that Tiger Global has invested in a startup at pre-product stage
 "Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures")
HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry
Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering
 "HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry")
Upskilling platform Josh Talks raises $3.5 mn from Ankur Capital, others
The firm previously raised $1.5 mn from the New York-based Media Development Investment Fund (MDIF)
 "Upskilling platform Josh Talks raises $3.5 mn from Ankur Capital, others")
ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others
This is the second investment by UIV in Foreign Admits. It had raised a seed round from Unicorn India recently, taking total fundraise to over $1 million
 "ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others")
President Kovind bats for entry of startups into education, health sectors
Kovind was addressing a gathering here in Maharashtra after inaugurating the permanent campus of the Indian Indian Institute of Management (IIM) Nagpur. The premier institute was established in 2015.
 "President Kovind bats for entry of startups into education, health sectors")
Explained: Why India is adding unicorns at a slower pace than 2021
According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025
 "Explained: Why India is adding unicorns at a slower pace than 2021")
