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Accel Partners And Tiger Global

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Early Diwali at Ola, gets $1.1 bn funding, another $1 bn in pipeline

 The company did not disclose the valuations at which funds were raised. Transportation app Ola said on Wednesday it has raised $ 1.1 billion in funding led by Tencent Holdings and is in "advanced......

Tiger Global-backed Koo lays off 30% of its workforce in a year

 Tiger Global-backed Koo, an Indian alternative to Twitter, has laid off 30 per cent of its workforce of 260 employees in the last year as the budding firm, like many other start-ups in the country,......

Why Foreign VCs Have Shut Their Taps

 Foreign investment in India's start-ups has plummeted 72 per cent to $4.58 billion so far, from $16.2 billion during the same period last year. IMAGE: Kindly note the image has been posted only......

Fund-raises by fintechs slowed by 47% in 2022

 Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million — the first such deal by a fintech in a small finance bank. Illustration:......

At $14 billion, venture capital fund exits soared 10x in 2021

 Three marquee exits accounted for nearly 60 per cent of the total exit value -- BillDesk’s acquisition by PayU for $4.7 billion, Paytm’s $2.5 billion initial public offering (IPO), and......

Ola banned in K'taka for 6 months for violating norms

 The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.   The Karnataka government has banned the services of ride-hailing company Ola......

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