Entreprenuer News Network Bureau 
According to media sources, edtech unicorn Byju’s has fired over 1,500 workers in a new round of layoffs. Employees mostly from the design, engineering, and production verticals have been impacted by the layoffs. Around 2,500 employees, or 5% of Byju’s workforce, were let go in October. Around 1,500 people were let go by Byju’s due … Read more
Freight management SaaS startp Freightify has raised $12 million in a Series A fundraising round, a mix of equity and debt, led by Sequoia Capital India, with participation from TMV and Alteria Capital as well as current investors Nordic Eye Venture Capital and Motion Ventures. The startup intends to use the cash to improve its … Read more
Uniphore, a leader in conversational AI and automation today announced it has acquired Red Box, the leading open enterprise platform for capturing voice, screen and metadata from conversations. Red Box’s proven track record in capturing and securing every voice and screen conversation, in real-time and post call, is a powerful addition to Uniphore’s portfolio and will bolster the capabilities … Read more
Vedanta Aluminium, India’s largest producer of aluminium, has raised USD 250 million through Sustainability Linked Loans (SLL) from leading international banks, for financing its capex initiatives and reducing carbon footprint. The loans were granted on the basis of specific performance parameters for decarbonization and safety, which the company aims to meet by deploying these funds … Read more
Superfood brand Nourish You has raised $2 million as part of its Seed funding round, which also included seasoned investors like Y Janardhana Rao of Triumph Group, Rohit Chennamaneni, co-founder of Darwinbox, Nikhil Kamath, co-founder of Zerodha, Abhijeet Pai, co-founder of Gruhas Proptech, and Abhinay Bollineni, CEO of KIMS Hospitals, among others. With the additional … Read more
A multi-brand two-wheeler workshop chain called SpeedForce has been acquired by Bengaluru-based ReadyAssist, a roadside assistance business, for $10 million in cash and equity. The announcement comes two months after it secured $5 million in a fundraising round headed by Howen International Fund, SPC. With this, ReadyAssist hopes to compete in India’s largest network of … Read more
Saarthi Pedagogy, a startup in the edtech space, raised Rs 10 crore from venture capital firm GVFL Limited before closing its Rs 30 crore pre-Series A investment. Pinnacle Investments, a division of the Prestige Group, also participated in the current round. The business intends to increase the size of its technological team, produce more content, … Read more
The bridge between a business strategy and successful execution is something that all businesses are focussed on. Yet 60% stumble on this path (according to Gartner) because of gaps in their ability to execute. To support businesses on their journey, Profit.co which is laser focussed on Objectives and Key Results (OKRs) metrics is announcing a $11M funding … Read more
Australian media intelligence company, Truescope, has strengthened its position in North America by acquiring leading agency, Universal Information Services (UIS). Founded in 2019 and now operating in Singapore, New Zealand, and North America, Truescope is experiencing rapid growth in all markets – a commercial response to the company’s advanced SaaS platform, product innovation and experienced … Read more
Finance Minister Nirmala Sitharaman announced a number of new measures for the tech industry. The measures include assisting digital payments in the country, setting up 100 labs for developing 5G applications, and using the PAN as a common identifier for all digital systems of specific government agencies. How tech industry experts and startups responded to … Read more
Tata ClassEdge Limited (TCE), a venture of Tata Industries Ltd. has appointed Anish Raghunandan as Chief Executive Officer. Anish has been with the Tata Group for nearly 2 decades and is part of the TAS 2007 batch of managers handpicked for leadership by the Group. Outgoing CEO, Milind Shahane, superannuated from the Group after a … Read more
TBD Health, a sexual healthcare provider revolutionizing the medical landscape through unparalleled digital and in-person clinical care, today announced a $4.4 million seed round led by Tusk Venture Partners, with participation from Springdale Ventures, Human Ventures, Expansion VC, Starbloom Capital, Hyphen Capital, and The Community Fund along with several strategic angels. With this new financing, TBD Health is expanding … Read more
Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, announced today that its Be Kind Tech Fund has invested $1 million in Polemix, the first platform to introduce Web3 technology to the world of ideas and opinions. The startup’s mission is to upgrade how people support and oppose opinion leaders, disrupting the echo chambers cultivated by … Read more
Teal Health announces its seed round, raised to build a women’s health platform focused on solving some of the most pressing issues in women’s health – starting with cervical cancer. Teal Health’s at-home cervical cancer screening includes a novel self-collection device that will make it simple for a woman to collect a cervical cancer screening … Read more
Bigspoon, a leading Cloud Kitchen start-up, in association with its celebrity investor, Mouni Roy today launched a neo-pizza brand, The Pizza People, going live in 15 cities across 35 outlets. The Pizza People is India’s largest Pizza brand launch in a single day as Bigspoon leverages its extensive cloud kitchen network across Tier-1 and Tier-2 cities. The … Read more
LenDenClub Aplha, the corporate venture capital arm of the peer-to-peer (P2P) lending platform, has welcomed six fintech startups to its Bharat FinTech Program startup incubator. Only six firms were chosen out of more than 150 applicants; these are Finswealth, FlashPay, P2P Bazaar, FinPlay, Upmarket India, and Filit. After the incubation programme is through, the chosen … Read more
