Article on August 22, 2022
Vijay Shekhar Sharma Reappointed As Paytm's Chief
Reappointments of Sharma and Deora received approval from 99.67% and 99.82% of the voting shareholders, respectively
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Digital Payments Firm Stripe Lays Off Employees
In July, Stripe went through a 409A valuation process that saw its internal valuation cut by 28 per cent
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Fundamentum Raises $227 Mn For Its Second Fund
Continuing its approach of concentrated bets, Fundamentum plans to lead or co-lead $25-40 million round, investing in 4-5 start-ups each year
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Wayfair's CEO Niraj Shah Lays Off 870 People
In a memo, Shah said that the US-based company was “seeing the tailwinds of the pandemic accelerate the adoption of ecommerce shopping, and I personally pushed hard to hire a strong team to support that growth”
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Razorpay Acquires Ezetap, Forays Into Offline Payments
Ezetap, whose products include point-of-sale machines, processes more than $10 billion in annual transactions in India
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Zomato-Backed Shiprocket Raises $33.5 Mn, Enters Unicorn Club
Since its founding in 2017, Shiprocket has tripled in size and serves more than 66 million clients annually
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