Doubtnut, once offered a $150M deal by Byju’s, sells for $10M
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of fortune for…
India’s MoveinSync eyes $50–60M in fresh funding
MoveinSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the deliberations. The…
Byju’s expects minimal or no fine from India’s forex rule violation allegation
Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in nature and the startup anticipates that…
Hacker claims theft of Shadowfax users’ information
A hacker claims to be selling millions of user records relating to Indian startup Shadowfax, which offers logistics services to e-commerce and hyperlocal platforms across the country. The pseudonymous hacker…
Prosus slashes Indian edtech giant Byju’s valuation to ‘sub-$3 billion’
Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said in an earnings call Wednesday even as they asserted…
LockBit claims cyberattack on India’s national aerospace lab
The notorious ransomware gang LockBit has claimed responsibility for a cyberattack targeting India’s state-owned aerospace research lab. On Wednesday, LockBit added the National Aerospace Laboratories (NAL) to its dark web…
Apple partner Foxconn to invest $1.5 billion in India
Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock…
India’s EMotorad rides high with $20M investment for global e-bike push
EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets.…
Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss
Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren…
India seeks to regulate deepfakes amid ethical concerns
India is drafting rules to detect and limit the spread of deepfake media, a senior lawmaker said Thursday. Ashwini Vaishnaw, India’s IT Minister, said the ministry held meetings with all…
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