Saturday, April 20, 2024
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Prosus Ventures

After major investors Blackrock and Prosus cut the valuation of the edtech firm to $1 billion and $3 billion, respectively, the latest rights issue pegs the pre-money valuation at a meagre $25 million, slumping more than 99% from its peak valuation of $22...

Kratos wants to create a community of gaming studios and players on their platform

SBI Investment and Evolvence Capital led the funding round, in addition to investors like Accel, Matrix Partners India, Prosus Ventures and Tiger Globaltag

The platform's latest fundraise will help to expand its services in the US and develop its three product hubs around buying, managing and securing its client's apps

The company will utilise the capital in product development and hiring staff

Rahul Khanna, co-founder and managing partner of Trifecta Capital will co-chair the newly appointed council for the industry body for alternative assets

Housed under Ameyan Enterprises, Virgio is expected to be launched later this month. Virgio is a fast fashion platform with the target audience of Gen Z