Article on September 18, 2023
Prosus, Naspers CEO Bob van Dijk Steps Down, Ervin Tu Takes Charge As CEO
Recently, Prosus underwent an internal reshuffle and spun off its edtech and food delivery vertical. The change was effective September 1, according to a report
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Zomato Shares Hit Rs105, Highest Since February 2022: Report
Zomato share ended the day at Rs 102.14. However, the company’s share is still trading 18 per cent below the IPO price of Rs 126
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Byju’s Defers Final Settlement Of Former Employees To November
According to media reports, the laid-off employees were informed by the management that they would receive salaries for both June and July along with incentives by September 15. This remuneration was meant to be their final settlement fees
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Web3 Startup Cultos Global Secures Undisclosed Sum In Ongoing Funding Round
The funds raised will primarily bolster the expansion of Cultos Global's Product and Engineering teams across the UAE and India, according to media reports
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Anup Jain Moves On From Orios Venture Partners
Rajeev Suri, Managing Partner has also stepped down on Monday
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Inflection Point Ventures Achieves 47% IRR In Full Exit From Koovers: Report
The exit comes at the back of Koovers' acquisition by German automotive giant Schaeffler India for over Rs 142 crore
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Koo Needs Fresh Funding, Strategic Partnership To Expand: Co-founder, Mayank Bidawatka
The founders of Koo believe that from growing rapidly to cutting down on growth and proving unit economics, within 6 months of revenue experimentation, Koo took a 180-degree turn and proved that this is a real business
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SIDBI Plans To Float Rs10,000cr Rights Issue In FY25
The central government is the largest stakeholder of SIDBI. It owns 20.8 per cent, the State Bank of India holds 15.65 per cent and Life Insurance Corporation holds 13.33 per cent. The rest of the equity is held by other public financial institutions and banks
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QubeHealth Bags Funding From IPV, Green Ivy Ventures, Others
Keiretsu Forum and other existing shareholders of the company, also added to the undisclosed funding amount
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D2C Startup The Good Bug Bags $3.5mn From Fireside Ventures
The funding will be used to expand the market, create more gut health products, and scale up recruiting and marketing efforts
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