Page 13 - Peerzada Abrar

Byju's second rights issue: Karnataka HC sets aside NCLT interim order

Byju's recently moved the Karnataka High Court challenging the order of the National Company Law Tribunal (NCLT) restraining it from going ahead with the second rights issue

Indian fast fashion industry poised to reach over $50 bn by FY31: Redseer

In FY24 alone, the fast fashion sector saw a remarkable growth rate of 30-40%

Former SoftBank managing partner Lydia Jett rejoins Flipkart's board

The Flipkart board also comprises HDFC chief executive Keki Mistry and senior Walmart executives

YC-backed AI startup Pivot Robots raises funding from NuVentures

Pivot Robots, founded last year by two Carnegie Mellon University graduates Siddharth Girdhar and Vignesh Rajmohan, uses artificial intelligence to power automation in the manufacturing sector

Will have our cells in EVs by early 2025: Ola Electric's Bhavish Aggarwal

These cells would be manufactured from its newly set up Ola Gigafactory in Krishnagiri, Tamil Nadu

Aim to make India a core part of the global energy revolution: Ola Electric

Bhavish Aggarwal, founder, says leading global products should be made in the country, for India and the world

Byju failed because he didn't listen to anyone: Unacademy CEO Gaurav Munjal

Munjal questioned Raveendran's leadership and his ability to take feedback

Nodwin Gaming to increase its ownership in Freaks 4U in Rs 271 cr deal

By integrating Freaks 4U Gaming's expertise and resources, Nodwin is poised to expand its global footprint in the gaming and esports industries, says Akshat Rathee, co-founder of Nodwin Gaming

Online pharmacy players look for regulatory framework for industry

A division bench of the Madras HC has set aside an earlier order that disallowed them to engage in digital sale of medicines

Negative one to zero: Can South Park Commons become India's Y-Combinator?

South Park Commons is a tech startup community and early stage venture fund

Indian fashion brands are becoming hot bets for venture capital firms

The fashion and lifestyle space is India's second largest consumer category, valued at $110 billion with approximately 10 per cent online at $11 billion

Bharat Innovation Fund co-founder foresees global reach of Indian deep tech

India's deep tech sector has surged to over 4,500 firms, with strong government support and policy initiatives. But access to capital remains a challenge for startups in this sector

Two Brothers Organic Farms raises Rs 58.25 crore in Series-A round

This funding would help the brand grow its market presence in India and the United States and promote the adoption of organic food

Dairy startup co Sid's Farm raises $10 million in Series A Round

Sid's Farm plans to use the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities

Prosus writes off investment in Byju's, records $493 million loss

This would be perhaps the first such large write-off announced by a large institutional investor in India

SoftBank signs indemnity clause over Unicommerce 'promoter' tag

Founders Kunal Bahl, Rohit Bansal enter into agreement to limit liabilities of Softbank

Byju's moves Karnataka HC against NCLT order barring second rights issue

The National Company Law Tribunal (NCLT) Bengaluru on June 12 told Byju's to maintain the status quo with regard to existing shareholders and their shareholding

Pine Labs plans $1 billion IPO in India after shift from Singapore

Likely to seek over $6 bn valuation; may go for pre-IPO round

Ronnie Screwvala's Swades Foundation files draft prospectus at SSE

The not-for-profit Swades Foundation is founded by Entrepreneurs and investors Ronnie and Zarina Screwvala

The Pant Project raises $4.25 mn in series-A round led by Sorin Investments

The D2C fashion brand plans to double down on its omnichannel retail strategy and cross Rs 100 crore in revenue within the next 18-24 months