Co-working space will have to adopt transformative changes in the post pandemic era

The Coronavirus calamity has turned out to be a black swam for the entire global economy and the co-working industry has been easily amongst the most affected industries by the pandemic crises. With work-from-home now almost becoming a norm in the post-pandemic era, the businesses of co-working companies are feeling intense pressure. Pushed to the…

ByGirish ShettiJuly 18, 20200Comments

Acquisitions

(Updated) Nazara Concludes majority stake acquisition in Kiddopia

Please note that this is an updated story inclusive of updated information. The story was originally filed on Thursday, 16th July. Nazara Technologies Limited has finally completed its majority stake acquisition of 51% in Paper Boat Apps, after completing second & final tranche of transaction by virtue of share swap. Apparently, Nazara Technologies has completed…

ByGirish ShettiJuly 16, 20200Comments

News

Prabhjeet Singh will be Uber’s new India & South Asia President

Uber on Thursday announced that it has appointed Prabhjeet Singh as the new President of India and South Asia. Singh will eventually replace Padeep Parameswaran, who was promoted last month to the position of General Manager of Asia Pacific region; charging Parameswaran with the daunting responsibility of overseeing Uber’s business in Asia pacific region. Singh has…

ByGirish ShettiJuly 16, 20200Comments

Funding News

Google all set to pick 7.7% stake in Reliance Jio for INR 33,737 Crore

Reliance Industries on Wednesday held its 43rd Annual general meeting in Mumbai. At the time of uploading this news, Reliance Industries’s MD Mukesh Amabani was still giving his speech at the highly anticipated AGM. Within Half-hour into his speech, Amabani came out with some big announcements but the one announcement that stood out (at least…

ByGirish ShettiJuly 15, 20200Comments

Acquisitions

Unacademy acquires K12 Learning platform Mastree for $5Mn

Unacademy on Tuesday announced that it has led a strategic investment of $5Mn to acquire a majority stake in Mastree. Mastree is a leading K12 learning platform and the latest acquisition will help the Edtech major in increasing its presence in K12 learning space. Following this investment, Unacademy has provided Blume Ventures an exit, according to…

ByGirish ShettiJuly 14, 20200Comments

Funding News

Walmart infuses fresh Capital of $1.2 Bn to increase stake in Flipkart

Walmart has infused fresh $1.2 Bn in its subsidiary firm and India’s homegrown e-commerce giant Flipkart. The fresh capital infusion round has valued Amazon’s India rival at approximately $24.9 Bn. According to reports, clutch of existing investors have also pumped funds in this round but their details have not been disclosed. This is Walmart’s first big…

ByGirish ShettiJuly 14, 20200Comments

Funding News

Group Health Insurance startup Plum raises Seed Funding

Bengaluru based Health Insurance startup, Plum, has raised INR 7 Crores in a seed funding round. Incubate Fund spearheaded the round while the round also participation from Gemba Capital and Tracxn Labs. Clutch of angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando and Alvin Tse…

ByGirish ShettiJuly 14, 20200Comments

News

LetsVenture’s Investment Spree Continues despite Covid-19 Crises

It has been so far a pretty good year for early stage & angel investment platform LetsVenture. This may sound bit surreal to hear considering how Covid-19 crises has thrown the entire global economy into a tailspin. But apparently LetsVenture has not only managed to hold on to itself amid the tornado, it has emerged…

ByGirish ShettiJuly 14, 20200Comments

News

Google bets big on Digital India, plans $10 Bn Investment

For the first time in six years, the annual 'Google for India' event was held as a virtual event. This was, of course, due to Covid 19 pandemic. Expectedly, several big news came out of the grand event but the one news that is likely to dominate the headlines is the fact that Google is…

ByGirish ShettiJuly 13, 20200Comments

News

Licious appoints Naveen Kumar Nerlaje as new HR Head

Online Meat startup Licious has appointed Naveen Kumar Nerlaje as the new HR head or Head of Human Resources. Having worked in diverse industries like Automobile, FMCG and Retail industries, Naveen brings along with him a rich experience in the field of human resource, according to the statement issued by the company. Naveen Kumar Nerlaje is…

ByGirish ShettiJuly 13, 20200Comments

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