Prosus Ventures

Meesho, a leading e-commerce startup in India, has secured $275 million in a new funding round.

Meesho, an Indian social commerce platform with 150M transacting users, raises $275M

Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, it disclosed in a…

Swiggy, the Indian food delivery giant, seeks $1.25B in IPO after receiving shareholder approval

Founder Byju Raveendran is making a last-ditch attempt to placate the embattled Indian startup’s disgruntled investors.

Byju’s founder floats share offer to make peace with estranged investors

Generative AI well and truly has a grip on public technology discourse these days. A new startup called Ema out of San Francisco thinks it’s a lot more than just…

Ema, a ‘Universal AI employee,’ emerges from stealth with $25M

Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing…

Byju’s founder, ousted by shareholders, insists he is still the CEO

A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership…

Byju’s investors vote to remove founder

Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. The…

India’s Captain Fresh in talks to raise $50 million in new funding

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…

Byju’s expects minimal or no fine from India’s forex rule violation allegation

Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit early…

Prosus slashes valuation of India’s Byju’s below $3 billion

Conditions appear to be shifting favorably for India’s Swiggy. The food delivery startup — backed by SoftBank, Prosus and Accel — saw its paper valuation slashed by more than half…

Invesco raises Swiggy’s valuation to nearly $8 billion

Fast-fashion startup Virgio, founded by former Myntra chief Amar Nagaram, is contemplating shutting down its operations less than a year after raising funds at a valuation of over $160 million,…

Virgio’s fast-fashion dream is over

GIC is in talks to invest in the Indian startup Vegrow, which runs a business-to-business marketplace for fruits, two sources familiar with the matter said. The Singapore sovereign fund is…

GIC in talks to lead $40 million funding in India’s Vegrow

Artificial intelligence continues to be a major force in the world of healthcare, and in one of the latest developments, a Copenhagen startup called Corti has raised $60 million to…

Corti, an AI ‘co-pilot’ for healthcare clinicians, raises $60M

Three senior executives are leaving Byju’s as part of a restructuring at the edtech group, the Indian startup said Tuesday. Mukut Deepak, who led the classes 4-10 business; Himanshu Bajaj,…

Byju’s is restructuring businesses

Prosus, one of the largest investors in Byju’s, expressed its disappointment in the edtech giant’s reporting and governance practices on Tuesday, a month after all the key investors quit the…

Prosus slams Byju’s after quitting board, says India’s top startup ‘regularly disregarded advice’

Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as…

Invesco cuts Swiggy valuation by half to $5.5 billion

Meesho cut 15% of its workforce, or 251 roles, on Friday as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.”…

India’s Meesho cuts 251 jobs to ‘accelerate timeline to profitability’

Fashion startup Virgio, co-founded by Amar Nagaram, former chief executive of Myntra, has raised $37 million in a new financing round as the young firm looks to build “a global…

Former Myntra chief’s fashion startup Virgio valued at $161 million in new funding

India’s antitrust watchdog has approved PayU’s proposed acquisition of payments gateway BillDesk, the second largest M&A deal in the South Asian market’s consumer internet space, more than a year after…

India approves PayU’s $4.7 billion acquisition of BillDesk

Cashify, a marketplace for gadgets trade-ins and buybacks in India, has raised $90 million in a new financing round as it looks to expand its business in the world’s second-largest…

Smartphone re-commerce platform Cashify bags $90 million in new funding

Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential…

Coinbase taps former Niti Aayog and Prosus exec for India expansion

The pandemic has majorly affected the global supply chain, with 60% of U.S. adults in an August 2021 Gallup survey saying that they’ve been unable to get a product they…

Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

Meesho has let go over 150 employees and is looking to eliminate at least as many more positions as the Indian social commerce attempts to streamline its operations following an…

India’s Meesho likely to postpone new funding amid market uncertainty

Indian food delivery giant Swiggy has hired bankers as it gears up for an initial public offering next year, a source familiar with the matter said. The startup, which was…

Indian food delivery giant Swiggy eyes $1 billion IPO

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Captain Fresh, a farm-to-retail platform for animal protein, has more than doubled its valuation to $500 million in three months as the Indian startup deepens its footprints in the local…

India’s Captain Fresh more than doubles valuation to $500 million in three months

99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by…

99minutos clocks in fresh capital for logistics infrastructure in Latin America

The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure.…

Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others

E-commerce has continued to boom in the wake of the COVID-19 pandemic, but running an e-commerce business has also become significantly more chaotic, with unpredictable supply chains, logistics hiccups and…

Wayflyer raises $150M on a $1.6B valuation for a new spin on providing loans to e-commerce merchants

“Deskless” workers have become a big focus for tech companies looking for new opportunities in the B2B market, and today a startup targeting this segment with e-learning tools is announcing…

EduMe raises $20M to scale its corporate learning platform targeting gig workers and other ‘deskless’ employees