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The $2-billion valuation Navi is seeking is lower than the previous funding discussions it had with investors. These discussions also come after Navi had filed for an IPO which had been approved by Sebi.
Customers can purchase their metro tickets currently from Yatri, Paytm, Rapido, redBus and PhonePe apps. ONDC integrates Kochi Metro Rail, with 53.41% orders in March. Annual transactions exceed 41.2 million. Commuters can buy tickets via Yatri, Paytm, Rapido, and redBus starting April 4. T Koshy aims for an open network ecosystem.
During Thursday's proceedings, the NCLT noted that it would be a “blatant violation” of its interim order dated February 27 if Byjus has issued shares to investors for the rights issue before completion of the increase in authorised share capital.
SiMa.ai raised $70 million from Maverick Capital, Point72, Jericho, Amplify Partners, Dell Technologies Capital, and Fidelity Management. The startup designs chips for AI applications in consumer devices to process data into different content forms for a future where AI is mainstream.
Spotify appointed Christian Luiga as CFO, focusing on profit growth through layoffs and price hikes. The company aims to expand into podcasts and audiobooks to reach 1 billion users by 2030.