Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of fortune for the once promising edtech leading app. The two firms confirmed ...
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Posted in india, MoveinSync, Startups, Transportation
India’s MoveinSync eyes $50–60M in fresh funding
GoodayfriendsMoveinSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the deliberations. The 14-year-old startup is engaging with investors to raise about $50–$60 ...
Prosus slashes valuation of India’s Byju’s below $3 billion
GoodayfriendsInvestment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit just early last year. Byju’s is facing many “challenges” and Prosus ...
Posted in Apple, Foxconn, Foxconn India, india, Venture
Apple partner Foxconn to invest $1.5 billion in India
GoodayfriendsFoxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock exchange filing that the investment will help it fulfil “operational ...
Posted in ebike, EMotorad, india, Panthera Growth Partners, Transportation
India’s EMotorad rides high with $20M investment for global e-bike push
GoodayfriendsEMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5 million in ...
Posted in Berkshire Hathaway, india, One97 Communications, Paytm, Venture
Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss
GoodayfriendsBerkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, ...
Posted in byju's, Government & Policy, india
India’s anti-money laundering agency finds $1 billion violation at Byju’s
GoodayfriendsIndia’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told TechCrunch. The findings, which ED plans to make public as ...
Posted in india, indian-food, mace, new-this-week-video, nutmeg, Retail, So Expensive, so expensive food, spices, video, video format se food
How farmers in one Indian village crafted the most expensive nutmeg and mace
GoodayfriendsNutmeg and mace are two separate spices found in the same fruit. Both have long been valued for their fragrance, flavor, and medicinal properties. India is the lead consumer of nutmeg as well as one of the top global suppliers. ...
Posted in Fintech, Government & Policy, india, RBI, Reserve Bank of India
Indian central bank tightening consumer loans curb to impact startups
GoodayfriendsIndia’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industry executives said. The Reserve Bank of India raised risk weights ...