Article on January 21, 2023
Edtech Startup Prepseed Bags Rs 2 Cr In Seed Round
Prepseed's Learning Management System (LMS) and/or Enterprise Resource Planning (ERP) services are used by Allen Institute for Careers, JNV (Jawahar Navodaya Vidyalaya), Resonance, Reliable Institute, Dakshana Foundation, Vyas edification, and others
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Paytm's Shares Jumps By Whopping 4% High
The stock rose 4.24 per cent to a high of Rs 554.95 on the BSE. Goldman Sachs said earlier this week that Paytm could be Ebitda profitable by March quarter – two quarters ahead of guidance – and that the December quarter would be another strong quarter for Paytm, with revenue growth of 45 percent year on year and a further improvement in adjusted Ebitda losses (by 58 per cent sequentially) to Rs 70 billion
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New Breed Of Edtechs Will Emerge In Near Future: Co-founder, Uolo
"Edtech is an effective intervention for students but the cost of products today is prohibitive.The idea of Uolo is to bring high quality yet affordable edtech products to Indian masses," said Pallav Pandey, Co-founder and CEO, Uolo
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Cost-to-revenue Ratio Determines The Longevity Of Business
At Blue Tokai, and in my personal capacity as an angel investor, I strongly believe that nothing but a strong focus on unit economics will keep businesses running successfully in the long run.
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Singapore-based Fashion Startup, Co-founded By Ankiti Bose, Zilingo Set For Liquidation: Report
Last year, Zilingo faced a probe by investors after complaints of serious financial irregularities were reported. Bose was fired from the position of CEO in May 2022
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Budget 2023: Fintechs Expect Policies To Promote Loan Providers, Banks Collaboration
Fintech firms, therefore, expect the Budget 2023 to ease down the financial burden for startups in the sector through policies aimed at promoting Collaboration Between Loan Providers And Banks
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Layoff Spree: Swiggy Sacks 380 Employees, Growth Rate Slowed Down
Swiggy, CEO, Sriharsha Majety cited 'challenging macroeconomic conditions' as one of the reasons for the job cuts, according to media reports
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Orios Ventures To Invest In GoMechanic Amid Controversy
The venture capital firm Orios Venture Partner owns about a 17.14 per cent stake in the GoMechanic
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Healthcare Startup MediBuddy Handovers Pink Slips To 200 Employees: Report
The current layoff has been described as a one-time restructuring exercise citing market conditions by the company, according to media reports
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