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Brief
OYO IPO Plan in Doldrums: Is it Valuation Blues or Something More?
Dazeinfo -
OYO, India's hospitality startup that once aimed for a grand public debut, is reportedly finalizing plans to withdraw its IPO application filed with SEBI (Securities and Exchange Board of India). This unexpected detour throws their public listing aspirations into...
Brief
Byju’s Valuation Crash in 2 Years: A 95% Drop to Just $1 Billion
Dazeinfo -
Byju's, the Indian edtech startup that reached a valuation of $22 billion during its fundraising in March 2022, has experienced a significant downturn in its valuation. BlackRock, the world's largest asset manager and one of the early investors in...
Brief
Byju’s Is Racing Against Time: From Shining Star to Stinking Workplace
Dazeinfo -
Byju's, India's once biggest ed-tech company, is on the verge of collapse. The company is currently grappling with a severe liquidity crisis, prompting a series of organizational shake-ups in recent months. This unfolding crisis extends far beyond the boardrooms,...
Brief
Udaan’s 10% Workforce Cut Fuels Concerns About the Long-Term Viability of Startups Amid Funding Boom
Dazeinfo -
Despite the influx of significant funding into India's startup ecosystem, several startups grapple with operational sustainability. One such example is Udaan, a business-to-business (B2B) e-commerce company headquartered in Bengaluru. Udaan laid off 10% of its workforce, numbering between 100...
Brief
Byju’s Nearing its End: Founder Pledges Assets, Borrows from Kin to Save Sinking Ship Amid Financial Crisis
Dazeinfo -
Byju’s, India's once most valued edtech startup in the world, appears to be nearing its end as it grapples with a severe cash crunch. To navigate these troubled waters, the edtech giant is leaving no stone unturned, exploring unconventional...
Brief
Prosus Cuts Byju’s Valuation to Below $3 Billion, 86% Down from Its Peak of $22 Billion
Dazeinfo -
The troubles for Byju's seem far from over! Byju's, once hailed as the most promising startup in India's edtech space, has constantly been in controversies surrounded by financial frauds, mounting losses, outstanding debt obligations, misleading advertisements and various other...
Brief
Byju’s defers joining dates of new employees upto 6 months, leaving many in perplexing situation
Dazeinfo -
Byju's, once the world's highest-valued Edtech startup, is currently grappling with several challenges that have not just raised concerns among employees and stakeholders alike. With the recent news of delayed joining dates for new employees, layoffs, valuation cuts, and...
Brief
From Unicorns to Thrift Warriors: How Indian Startups Slash Appraisals in a Battle for Survival
Dazeinfo -
In the wake of the Covid-19 pandemic, Indian companies, particularly the much-celebrated startup unicorns, have found themselves caught in a whirlwind of financial woes. Layoffs, drying funding, lack of talent and work-from-home challenges have become the order of the...
Brief
Unlocking the Enigma: Byju’s Valuation Slump and Investor Anxiety Unveiled
Dazeinfo -
Byju's once again finds itself in hot waters. The latest blow comes from none other than Blackrock, the world's largest asset manager, who has dramatically reduced Byju's valuation for the second time in just three months this year. India's...
Brief
ED Raids Byju’s: Accuses Raveendran Byju of evading multiple summonses sent in past
Dazeinfo -
Enforcement Directorate raided the premises of Raveendran Byju, CEO of Bengaluru-based edtech startup unicorn BYJU’s. The searches were carried out for allegedly violating laws governing foreign funding. The investigation agency searched two business premises and one residential property in...
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Latest News
AI & Healthcare Drive India’s DeepTech Innovation: 922 Patents Filed Since 2008
India, with its burgeoning startup ecosystem and relentless technological advancements, is witnessing an unprecedented surge in patent filings. According...