Sunday, October 01, 2023
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Outlook India
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Valuation

The company aims to use the funds for market research, marketing innovation, and product development

The pre-funding round has been led by Prime Securities

Questions arise why countries like Singapore, Mauritius and the United Arab Emirates, which account for a majority of inbound foreign direct investment, are missing from CBDT’s notification

The total ongoing funding round would increase to around $500 million if ChrysCapital participates and other early investors including SoftBank Vision, Kedaara Capital and TR Capital are clocking a partial exit

The founders aim to evolve the product to find its role in the world, while laid-off employees will receive a severance payment and keep their company-issued laptops

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

WanderOn, the brainchild of five engineering graduates from NIT Kurukshetra, has grown into a travel community that passionate enthusiasts looking for a unique travel experience identify with. After successfully weathering the Covid-19 headwinds, the...

The investment is expected to help Lenskart expand its reach and market share, both in India and abroad

The recent blow-ups in many start-ups are a result of the founders' vanity and their failure to understand the basic obligation of public shareholding

Existing investors are expected to partially exit through a secondary share sale, and the investment is taking place at a valuation of $4 billion. Lenskart aims to continue expanding with 400 new stores and expects to turn profitable in the financial year...