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Info Edge had pumped Rs 288 crore into 4B Networks, including Rs 276 crore as equity and Rs 12 crore in debt. The company announced in the Q3 FY23 financial results that it wrote off its investments in 4B Networks due to suspected financial irregularities.
Info Edge: "You can't write off Rs 288 crore; it was a mistake," he told analysts during a conference call after the parent of jobs portal Naukri reported its quarterly results.
6 student teams of Masters’ Union, the new-age business school in Gurugram, raised INR 80 lakhs and received commitments of varying amounts in seed funding after impressing VCs at the Startup Challenge.
AToZLearn Edutech claims to make exam preparation faster.
List of 25 Drone Startups in India, detailing their journeys – from what they do to their plans amid the booming deeptech segment.