Times Internet’s Revenue Increases By 24% to clock Rs 1,625 crores In FY20

India’s leading digital product company Times Internet on Thursday announced that its annual revenue in FY20 has increased by 24% to reach Rs 1,625 crores. However, the company did not share figures about its total expenses and therefore it is not clear whether the company made a profit or loss in FY20. Notably, Bennett and…

ByGirish ShettiSeptember 10, 20200Comments

News

Exclusive: Unacademy Expands ESOP pool, allots 11,973 fresh shares to Employees

Edutech startup Unacademy has recognized and rewarded its employees by topping up 11,973 options to its existing employee stock options (ESOPs). According to the new regulatory filings, the company passed a special resolution to amend its existing ESOP policy to increase its existing pool from 53,044 to 65,017 options. Logo of edutech major Unacademy This is the…

ByGirish ShettiAugust 29, 20200Comments

News

Here is Complete List of Winners of the ET Startup Awards 2020

Currently in its 6th edition, The Economic Times Startup Awards has gained the reputation of being sort of Oscars of Indian startup industry. Every year, almost all startups that deem themselves to be worthy contenders have ostensibly craved for this much sought after award. Winning a top prize and even consolation prize at the annual…

ByGirish ShettiAugust 24, 20200Comments

News

LendingKart Raises INR 120 Cr Debt from Public Banks & Private Lenders

NBFC startup LendingKart, which offers unsecured loans to MSME, has raised huge amount of debt funding from public banks as well as private lenders. This has been disclosed by the company’s regulatory filings, which was accessed by Techpluto. Lendingkart nabs INR 120 Cr debt funding from public & private leaders The Ahmedabad headquartered company has been on…

ByGirish ShettiAugust 18, 20200Comments

News

Sequoia Surge winds up its Third batch, Surge 04 to begin from November

Sequoia Surge, a special accelerator program run by Sequoia, on Wednesday winded up its third batch. Spread across 14 weeks long, total 15 startups were selected for Sequoia Surge 03 program. Due to the ongoing Covid-19 crisis, this time almost all the sessions of Surge 03 were held online. Participants made extensive use of Surge…

ByGirish ShettiAugust 11, 20200Comments

News

Bengaluru based edutech startup Winuall raises Second Funding Round

Bengaluru based edutech startup Winuall on Monday raised second round of funds from investors. The startup, however, did not disclose the amount it raised from the investors. Winuall’s latest fundraising comes barely two months after it raised seed funding from Ola’s co-founder Ankit Bhatia, Milkbasket’s Head of Engineering Nitin Gupta along with other angel investors. The…

ByGirish ShettiAugust 10, 20200Comments

News

Zomato Introduces Period Leaves for its Female Employees

In a welcome move, Zomato on Saturday announced that from now on its female employees can avail up to10 day paid leaves for coping up with menstruation problems. This technically means that from now on Zomato’s female colleagues can avail 10 day extra leaves than its male counterparts. However, the Gurugram based company has specifically…

ByGirish ShettiAugust 8, 20200Comments

Acquisitions

Byju’s forays in Coding space with WhiteHat Jr Acquisition

Edutech major Byju’s has forayed in the coding space by acquiring Mumbai based WhiteHat Jr for estimated $300 Mn in all cash deal. Founded in 2018, WhiteHat Jr offers online training program to K-12 Students and is today pretty much an undisputed leader in this space. Techpluto will soon provide the breakdown of this transaction by…

ByGirish ShettiAugust 6, 20200Comments

News

Curefit’s Fitness Centers will remain close despite lockdown relaxation

As part of the unlock 3.0, Central government on Wednesday announced that gyms and Yoga institutes will be allowed to reopen from August 5. The news certainly brought some reprieve for gym owners who were forced to keep their gyms and fitness centers completely closed during the 3 month long nationwide lockdown period. Cul.fit is a…

ByGirish ShettiJuly 30, 20200Comments

News

Pine Labs gets First Data’s Regional MD Nitish Asthana to head its Operations

Nitish Asthana will be the new COO & President of the Noida based B2B Fintech startup Pine Labs. Asthana will join the newly appointed CEO Amirsh Rau in ramping up Pine Lab’s finance operation and merchant acquisition as it looks to consolidate its position in India and South East Asian market. Asthana is a big name…

ByGirish ShettiJuly 27, 20200Comments

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