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Byju’s founder floats share offer to make peace with estranged investors

Byju Raveendran, the founder of embattling edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors, informing them that the board is weighing an offer of renounced shares to prevent dilution of their ،ldings ahead of validating a recent rights issue that cuts the Indian s،up’s valuation by 99%. In an email to […]

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Ontario Teachers mints new unicorn in Indian fintech Perfios

Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and other financial ins،utions. The new investment values Perfios at a valuation of over $1 billion. 15-year-old Perfios, which raised a $229 million […]

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Indian central bank defends ‘proportionate’ action on Paytm

India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown on Paytm last week has posed existential questions about the future of the leading financial services firm. Shaktikanta Das, the Reserve Bank of India governor, said the central bank always […]

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WeWork, once valued at $47 billion, files for bankruptcy

Flexible-office-،e firm WeWork has filed for Chapter 11 bankruptcy protection, a remarkable collapse for the once high-flying s،up co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock and Goldman Sachs. The New York-based firm, which raised over $22 billion and was valued at $47 billion at its peak, has listed both ،ets and liabilities in […]

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Indian fintechs amplify sound box pitches to woo merchants

Some of India’s biggest fintech s،ups are making deeper inroads into soundboxes, unveiling new push to the pocket-sized devices w،se chimes are fast becoming the new ‘ka-،g’ for millions of Indian merchants. Paytm, w،se soundbox leads the market and is used by over 7 million merchants, launched an advanced version of the device that doubles […]

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Ant Financial transfers Paytm stake worth $628 to Vijay Shekhar Sharma

Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to acquire a 10.30% stake in the Indian financial services firm in a move that appears to be orchestrated to cut the Noida-headquartered giant’s exposure to the Chinese company. Resilient Asset Management, a firm fully owned by Sharma, […]

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نتفلیکس سرکوب به اشتراک گذاری رمز عبور را در هند و هر بازار دیگری به ارمغان می آورد

این غول پخش جه، پس از انتشار محدود محدودیت ها به شرکت کمک کرد تا در سه ماهه منتهی به ژوئن 5.9 میلیون مش، را ثبت کند، نتفلی، از امروز برای مصرف کنندگان در هند و هر بازار دیگری سرکوب به اشتراک گذاری رمز عبور را اعمال می کند. غول استریم گفت که از روز […]

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اگر پروفایل Threads را حذف کنید متا اکانت اینستاگرام شما را حذف می کند

به گفته مارک زاکربرگ، یکی از بنیانگذاران و مدیر اجرایی، Threads، رقیب توئیتر متا، با سرعتی خیره کننده کاربران را جذب می کند و تنها در هفت ساعت 10 میلیون ثبت نام را جمع آوری می کند. اما سرویس جدید بسیار مورد انتظار، که برای ورود به حساب کاربری اینستاگرام نیاز دارد، یک شرط جالب […]