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BYJU'S Insolvency: NCLT Adjourns IRP Approval Decision Till March 19

India, Feb. 24 -- In the latest twist in the BYJU'S insolvency saga, the Bengaluru bench of the National Company Law Tribunal (NCLT) on Monday (February 24) reportedly adjourned its decision on approv... Read More


Investcorp Onboards Vivek Agarwal As Senior Operating Partner For India

India, Feb. 24 -- Global private equity (PE) firm Investcorp has roped in former Tech Mahindra executive Vivek Agarwal as senior operating partner for its India operations. The PE company said that A... Read More


Geniemode Bags $50 Mn To Expand Its Apparel Sourcing Operations

India, Feb. 24 -- Apparel sourcing startup Geniemode has secured over $50 Mn (around INR 415 Cr) in a Series C funding round led by Multiples Alternate Asset Management. The round also saw participat... Read More


Maharashtra On Track To Become India's AI Capital: CM Fadnavis

India, Feb. 24 -- Maharashtra aims to become the AI capital of India over the next four to five years as part of the nationwide effort to increase adoption of the fast-developing technology, chief min... Read More


Haptik's Aakrit Vaish Steps Down, Ahshad Jussawalla Takes Over As CEO

India, Feb. 24 -- Aakrit Vaish, cofounder of conversational AI platform Haptik, has stepped down as the CEO, handing over leadership to Ahshad Jussawalla. Vaish shared the update in a post on X. "Las... Read More


Meta Eyes India Expansion, To Hire Engineers & AI Talents For New Bengaluru Hub

India, Feb. 24 -- In an effort to strengthen its presence in India, Meta is setting up its new office in Bengaluru and is actively hiring for engineering and product roles for artificial intelligence ... Read More


Oxyzo Raises INR 100 Cr In Debt From AK Capital

India, Feb. 24 -- Fintech unicorn Oxyzo has secured INR 100 Cr (around $11.5 Mn) in debt from AK Capital. In a regulatory filing, the company said that its board allotted 1,00,000 non-convertible deb... Read More


BluSmart Repays INR 30 Cr After Defaulting On Bonds

India, Feb. 24 -- Electric cab-hailing startup BluSmart Mobility reportedly defaulted on INR 30 Cr of bonds in early February. BluSmart, which is in the middle of raising about INR 434 Cr in its Seri... Read More


BluSmart Faces Cross Default After Delay In INR 30 Cr NCD Payment: Report

India, Feb. 24 -- Electric cab-hailing startup BluSmart Mobility is reportedly grappling with a cash crunch, which caused the Delhi NCR-based company to default on INR 30 Cr of debt in early February.... Read More


Unicommerce Shares Plunge 4% To Hit A Fresh All-Time Low

India, Feb. 24 -- Shares of ecommerce-focussed SaaS major Unicommerce tumbled over 4% to hit an all-time low at INR 112.55 apiece on the BSE on Monday (February 24) as broader market rout continued am... Read More