M&A Deals In Indian Startup Ecosystem At All-Time High; 165 In H1 2022
In H1 2022, the Indian startup ecosystem saw 165 M&A deals, 126% higher than seen in the corresponding period a year ago.
Source: inc42.com
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Never Understood Giving Away Capital To Celebrities: Shinjini Kumar
Taking a dig at celebrity endorsements, Shinjini Kumar, cofounder and CEO of SALT, said she never understood spending it on celebrities.
Source: inc42.com
Ola Shuts Used Cars And Quick Commerce Business
Ola has decided to close its used car division and its quick commerce business, to focus on its EVs and mobility businesses.
Source: inc42.com
Coinbase-Backed Indian Crypto Exchange Vauld Lays Off 30% Workforce
Hyderabad-based cryptocurrency exchange Vauld has laid off around 30% of its workforce in a move to cut costs.
Source: inc42.com
Ronnie Screwvala's upGrad Raises $225 Mn, Valuation Soars To $2.25 Bn
Ronnie Screwvala’s upGrad raised $225 Mn from James Murdoch, ETS, Lakshi Mittal and Sunil Bharti Mittal, taking its valuation to $2.25 Bn.
Source: inc42.com