Startup

Zomato’s Deepinder Goyal Joins Unacademy’s Board

Edtech unicorn Unacademy has added recently-listed Zomato’s founder Deepinder Goyal to its board. The development comes a few weeks after Goyal invested in Unacademy during its $440 Mn Series H round of funding along with Zeta’s Bhavin Turakhia.  In a tweet, announcing the development, Gaurav Munjal, Cofounder and CEO, Unacademy Group, said that Goyal has …

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Ritesh Agarwal’s Aroa Ventures Leads Investment In Eye-Wear Startup ClearDekho

Eye-wear startup ClearDekho has raised $4 Mn in a Pre-Series A funding round led by Ritesh Agarwal-led Aroa Ventures. The round also saw participation from other investors such as CK Jaipuria Family Office (Pepsi Bottlers AP), NB Ventures Dubai, Anuj Sheth of AAJ Ventures, Kitty Agarwal of Infoedge, Anand Chandrasekaran, Nandi Vardhan Mehta, Venture Catalysts, …

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Good Glamm Group Acquires Media Platform ScoopWhoop, Aims INR 500 Cr Investment In 3 Years

Continuing with its acquisition spree in the content and commerce space, Good Glamm Group has acquired digital media and lifestyle content platform ScoopWhoop. Noting that the New Delhi-based digital media platform largely caters to a male audience, the content-to-commerce company (Good Glamm Group) said that it will invest INR 500 Cr in the men’s category …

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Singapore Panel Declines Future Retail’s Plea For Exclusion From Dispute With Amazon, Says It’s “Proper Party

In a setback for Future Retail, the Singapore International Arbitration Centre (SIAC) has declined Future’s plea seeking exclusion from the dispute with ecommerce giant Amazon and ruled that it is a “proper party” to the ongoing arbitration proceedings over Future Group’s proposed sale of its retail assets to Reliance Retail. According to a Reuters report, …

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JioPhone Next 4G Specs Revealed On Google Play Console

Specifications of JioPhone Next 4G, Jio’s upcoming budget smartphone, have been revealed on Google Play Console’s device catalog. Twitter user Abhishek Yadav revealed the details in a tweet yesterday. The smartphone which Reliance Jio will make in collaboration with Google is the third phone in Jio’s collection of inexpensive carrier-locked devices. The original Jiophone was …

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Stripe Acquires Indian Fintech Startup Recko, To Add Payments Reconciliation To Its Offerings

San Francisco-based technology company Stripe has acquired Bengaluru-based Recko which provides payments reconciliation software for internet businesses. This will be Stripe’s first acquisition in India. The Bengaluru-based fintech startup provides a comprehensive and robust technology stack to manage financial data and enable financial workflows such as reconciliation, commission calculation, payout creation, and reporting, for businesses …

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Investment Tech Startup MarketWolf Raises $5.5 Mn To Build New Products, Expand User Base

MarketWolf, a trading app focussed on intraday options has raised $5.5 Mn in a funding round to build new products, expand user base and recruitment. The funding round saw the participation of Anil Thadani (Chairman at Symphony Asia), Ashutosh Sinha (former CEO of Morgan Stanley Investment Management Singapore), Tomas Urbanec (former CEO of Prudential Assurance …

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Info Edge Doubles Down On Digital Content-Based Rusk Media With Fresh Investment

Digital content startup Rusk Media is raising INR 4.4 Cr in a fresh round of funding from its existing investor Info Edge Ventures who will be pumping in INR 2.6 Cr through Info Edge Ventures I fund.  Rusk Media is also raising INR 61 Lakh from Survam Partners and INR 55 Lakh from Mitco Group …

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Amidst Communal Controversy, Unacademy Plans To Strengthen Grievance Redressal System

In 2020, last year, Rourkela’s Soyeb Aftab was in the limelight for topping the NEET 2020 exams. A year later, the MBBS student from AIIMS-Delhi, and edtech unicorn Unacademy (where he is a content affiliate), drew flak on social media for all wrong reasons — hosting a skit that mocked a famous religious epic. Social …

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