[What The Financials] Vedantu's Losses Spike To INR 158 Cr, Spent INR 8 To Earn A Rupee

India, Feb. 24 -- Bengaluru-based online tutoring giant Vedantu has reported a 6x increase in its losses to INR 158.5 Cr while its revenue stood at INR 35.8 Cr in the financial year that ended in Marc... Read More

Flipkart To Add 25,000 Electric Vehicles To Logistics Fleet By 2030

India, Feb. 24 -- Walmart-owned ecommerce major Flipkart has said it will deploy 25,000 electric vehicles (EVs) by 2030 to fast-track the adoption of EVs for its logistics fleet. The company has also ... Read More

Edtech Startup Kutuki Raises $2.2 Mn From Omidyar Network India, Others

India, Feb. 24 -- Bengaluru-based edtech startup Kutuki, catering to children aged between three and seven, has announced raising $2.2 Mn (INR 16 Cr) in a seed round, led by Omidyar Network India. The... Read More

State Bank Of India Ties Up With JP Morgan For Use Of Blockchain Technology

India, Feb. 24 -- The State Bank of India (SBI) has tied up with the US-based bank JP Morgan for using the latter's blockchain technology to speed up overseas transactions. SBI's use of blockchain is... Read More

B2B Retailtech Startup Arzooo Bags $6 Mn, Aims To Hit Sales Run Rate Of $500 Mn

India, Feb. 24 -- B2B retailtech startup Arzooo has raised $6 Mn from the venture debt fund Trifecta Capital as it aims to hit a sales run rate of $500 Mn in 2021. Founded by Khushnud Khan and Rishi ... Read More

Will Reliance Venture Into The Electric Vehicles Market Soon?

India, Feb. 24 -- Indian conglomerate Reliance Industries (RIL), on Monday (February 22), announced its move to switch from fossil fuel to new energy and new materials. In its presentation on the pro... Read More

Grofers Explores Merger With Cantor Fitzgerald's SPAC For Nasdaq Listing

India, Feb. 24 -- SoftBank-backed online grocery seller Grofers is expected to raise $400-$500 Mn through a public listing on Nasdaq by merging with New York-based Cantor Fitzgerald's blank-check firm... Read More

Unacademy Ropes In Sachin Tendulkar As Investor, Brand Ambassador

India, Feb. 23 -- Bengaluru-based edtech platform Unacademy has entered into a strategic partnership with former Indian cricketer and Bharat Ratna recipient Sachin Tendulkar. According to the terms of... Read More

Top 5 Things To Check In Your Grant Letter Before Signing On The Dotted Line

India, Feb. 23 -- A grant letter is a formal document issued by a startup for granting ESOPs to an employee. In this article, we will dive deep into understanding the details of the grant letter befor... Read More

Zomato Raises $250 Mn Led By Kora Management At $5.4 Bn Valuation

India, Feb. 23 -- Zomato has raised $250 Mn (over INR 1,800 Cr) in fresh funding from existing investors Tiger Global, Kora and others, which brings the valuation of the food delivery unicorn to over ... Read More