In a major pre-IPO move, 3State Ventures, the Singapore-based investment firm founded by Flipkart co-founder Binny Bansal, has invested Rs 160 crore in Curefoods, the health-focused food delivery company, ahead of its initial public offering (IPO). The development signals strong investor confidence in the rapidly growing Indian food-tech and wellness market.
According to Curefoods’ filing with…
In a major leadership move, Unacademy has appointed Sumit Jain, co-founder and CEO of its subsidiary Graphy, as the new chief executive officer of its flagship Test Preparation business. The announcement comes as the edtech unicorn looks to strengthen its core revenue-driving segment while expanding its digital learning footprint.
Sumit Jain, who previously co-founded the real estate platform…
Unacademy CEO Clarifies: “We’re Not Selling or Merging!”
Unacademy’s CEO, Gaurav Munjal, has responded to recent rumors about a potential acquisition by Allen Institute. In a series of posts on X (formerly Twitter), he firmly denied the claims, stating that Unacademy is not considering any sale or merger. The statement came just days after reports suggested that the two edtech giants were…
The year 2021 has been of fundraising and consolidation for edtech new businesses. The ecosystem has effectively seen over twelve acquisitions this year and seems like the pattern is set to continue.
In the wake of acquiring four companies this year, Unacademy is in talks to assume control over another. The company is in talks to acquire Gurugram-based Swiflearn, say two sources mindful of the…
Magicpin has brought around $3 million up in another tranche drove by Oyo’s founder Ritesh Agarwal through his own specific reason vehicle (SPV) RA Holdings.
Existing financial backers Lightspeed, The Bunting Family and Moonstone have likewise participated in the tranche. This is the second imbuement by the triplet in the beyond 15 months. They put $3.9 million in the Gurugram-based startup in…
Learning platform Unacademy on Monday reported it has raised USD 440 million in a financing round drove by Temasek, with super pro-rata participation from General Atlantic, Tiger Global, and Softbank Vision Fund.
The most recent fundraise takes the valuation of Unacademy Group to USD 3.44 billion, it said in an articulation.
The Series H financing round additionally saw participation from Aroa…
Unacademy has reported the securing of TapChief, a systems administration stage for experts in an arrangement which will permit the edtech unicorn to make its raid into another fragment of preparing understudies for occupations.
TapChief is set to get Unacademy together with a valuation of Rs 100 crore and with this move, has offered an exit to all the current financial backers of TapChief, the…
Tea bistro chain Chaayos has extended its representative stock possession plan or ESOP pool. The New Delhi-based organization has passed an uncommon goal to add 62,229 value offers to the pool, administrative filings show.
According to Fintrackr gauges, the recently added shares are worth north of Rs 12.5 crore. The new expansion comes when the organization has begun recuperating from a serious…
Charge card charge installment application CRED has finished its first ESOP buyback program from existing and previous representatives. This is the principal ESOP liquidity program started by CRED in its two years of activities.
As per CRED, representatives who hold vested stocks were qualified to sell up to half of their vested ESOP partakes in the organization.
The $1.2 million worth ESOP…
Edtech startup Doubtnut has extended its ESOP pool by adding almost 293 new value alternatives. With this, Doubtnut has joined any semblance of Aye Finance, Lendingkart, Oyo, Byju’s, Pine Labs and ShareChat who have likewise expand their ESOPs pool as of late.
Doubtnut has passed an uncommon goal to change its present ESOP plan and increment the size of the ESOP pool by 293 alternatives…
