Tag Archives: startup

[ad_1] MUMBAI: Troubled edtech startup Byju’s offered its disgruntled investors another chance to participate in the company’s $200 million rights issue to protect their shareholding. In a letter to shareholders on Friday, founder and group CEO Byju Raveendran claimed that the firm has already secured over 50% shareholder votes to …

[ad_1] CHENNAI: Investments by private equity and venture capital firms fell by $1.2 billion in March 2024 to $1.8 billion across 64 deals, as against $3 billion in March 2023. The drop has bucked the trend of increase in investments by PE-VC firms in Jan-Feb this year as compared with …

[ad_1] NEW DELHI: Daakia Private Limited, an AI-powered deep tech startup operating in the Enterprise SaaS and Digital Communications sector has secured Rs 4 crore in seed funding from a group of strategic investors to enhance its operations in rural and inaccessible areas and expand its user base in metro …

[ad_1] Niranjan Hiranandani-backed Yotta has made India’s largest bet yet on the promise of AI. This month, the data centre company received the first of more than 4,000 H100 chips that Yotta ordered from Nvidia. The beefy graphics processing units run $30,000-40,000 each.Yotta CEO and co-founder Sunil Gupta is set …

[ad_1] MUMBAI: Artificial Intelligence (AI) has opened up new opportunities for India’s young innovators and the world believes that India will have an “upper hand” in this area, Prime Minister Narendra Modi said on Wednesday. “Today, we are in a new era connected by AI technology. Our job is to …

[ad_1] Finance Minister Nirmala Sitharaman met startup and fintech stakeholders on Monday along with senior government officials. The much-anticipated meeting comes amid the Reserve Bank of India’s actions against Paytm Payments Bank (PPBL). The meeting is reported to have been attended by senior officials of some 50 fintechs. This meeting …

[ad_1] NEW DELHI: Byju’s shareholders, including Prosus and Peak XV Partners, voted to oust its founder and CEO Byju Raveendran on Friday, Prosus said in a statement. However, CEO Raveendran, his wife and brother, did not attend the meeting.Prosus, which has a 9.6% stake in Byju’s, said that shareholders unanimously …

[ad_1] PATNA: The Bihar government and the Small Industries Development Bank of India (SIDBI) have signed an MoU in a bid to boost the startup ecosystem in the eastern state, officials said. The initiative is aimed at creating a conducive environment for startups and transforming Bihar into a startup hub, …

[ad_1] Major Byju’s shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.Byju’s rejected the resolutions, which also sought to remove Byju …

[ad_1] Rise of online astrology platforms: Young professionals and startup founders in India are increasingly seeking the guidance of astrologers to navigate the challenges of their careers. With pay cuts, career stagnation, and potential layoffs, these individuals are turning to online astrology platforms to gain insight into their future prospects. …