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Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademys changing ambitions as well as the broader sluggishness in the startup funding ecosystem.
Investments, mergers and acquisitions, and salaries are rising despite the war but industry experts warn that the latest recovery may not be sustainable.
Oxyzo Financial Services, the lending arm of OfBusiness, reported a 59% increase in operating revenue to Rs 903 crore for FY24. The company raised $200 million at a unicorn valuation from investors like Alpha Wave Global. Ruchi Kalra leads Oxyzo, which has a net worth of Rs 2,600 crore.
Myntra is placing special emphasis on onboarding upcoming direct-to-consumer (D2C) brands and international brands for its flagship discount sale.
This undervalued stock has a big opportunity in front of it with AI.