Losses

Neobanking Platform Open Lays Off 50 Employees As Funding Slows: Report

20/04/2023

Despite posting significant revenue in the 2021-22 financial year, Open did not cross the Rs 50 crore revenue mark and its losses widened to Rs 167 crore from Rs 65.6 crore during the period

Fintech Unicorn Cred Expands into Peer-to-Peer UPI Transactions

18/04/2023

With a valuation of $6.5 billion, Cred aims to compete with major UPI players like PhonePe and Google Pay, while navigating challenges such as losses and increasing its revenue

Tiger Global sells another stake in Indian logistics firm Delhivery

12/04/2023

The VC firm has also reduced its stakes in other Indian startups amid regulatory and financial difficulties

Edtech Byju's Raises $700 Million Funding: Report

04/04/2023

The funding will be used to pay off debt, with a portion set aside for this purpose and Byju's is reportedly considering listing only Aakash separately in India

Edtech upGrad Raises Rs 300 Crore From Temasek, Ronnie Screwvala

29/03/2023

The funds will be used to support the company's growth across multiple verticals of formal education and expand its ESOP pool