Stay updated with breaking news from Lee Fixel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oyo eyes $12-15B IPO valuation; Unacademy gets a breather Oyo is aiming for a valuation of $12-15 billion for its upcoming IPO, in which some investors will sell parts of their holdings. These won’t include Oyo’s founder Ritesh Agarwal, however, who is likely to hold on to his entire stake, sources told us.Also in this
Azhar Iqubal, the co-founder and CEO of online news aggregator InShorts, has transitioned to the role of chairman, while co-founder Deepit Purkayastha assumes the position of CEO. Iqubal expressed excitement for Purkayastha's leadership and the company's future growth. Established in 2013, InShorts delivers daily news highlights in 60 words across various categories.
Azhar Iqubal started InShorts in 2013. InShorts compiles daily news highlights spanning national, global, political, business, sports, technology and entertainment categories, delivering it in 60 words.
The Noida-based companys revenue from operations rose to Rs 180.90 crore in FY23, compared to Rs 166.37 crore a year earlier, according to its financial statements filed with the Registrar of Companies (RoC).
According to data from Venture Intelligence, Tiger Global has been part of 228 deals worth $21 billion along with other investors in Indian startups since 2015. It has funded 38 of 103 unicorns in the country.