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ninjacart results: Agritech startup Ninjacart tops Rs 1,000 crore in FY23 revenue, up 19%

The topmost cost heads at the firm during the year were purchases of stock in trade and employee-related expenses. The former went up 18.5% to Rs 1,085.6 crore while the latter grew 51.6% to Rs 246.8 crore. ....

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The downfall of Byju's: How the world's most valuable learning app became a trap

The group is facing an acute liquidity crunch. Amid mass layoffs and deep losses, the former billionaire founder has sold his homes to pay salaries. Still, Raveendran is not entirely out of options. Byjus could raise funds by selling Epic!, its US-based kids digital reading platform. At home, its physical test-prep business has seen interest from a wealthy Indian investor. In a sale or initial public offering of the unit, the crown jewel of the shrinking empire could fetch more than the nearly $1 billion Byjus had paid for it in 2021. ....

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Startup IPM to set up 100 fuel outlets; to start from Assam, Energy News, ET EnergyWorld

"IPM will set up retail outlets or petrol pumps across the country to undertake fuel sales to the public. In the first phase, we will set up 100 outlets within five years," IPM Founder Gyan Prakash Sharma told PTI here. ....

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inflection point ventures: Inflection Point Ventures launches accelerator programme for early-stage startups

Programme has been designed for entrepreneurs seeking to take their business from the idea stage to MVP ....

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Vintage investment partners close $200 million growth-stage venture fund

The firm is focusing on supporting growth-stage technology startups in Israel, Europe, and the US. ....

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