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Latest from funding

PhonePe raises $350 million at $12 billion valuation: Report

PhonePe, in which U.S. retailer Walmart Inc took ownership in 2018, plans to use the proceeds in infrastructure and new businesses.

Under pressure to cut costs and turn profitable, startups have removed thousands of employees in the recent months. (File)
Under pressure to cut costs and turn profitable, startups have removed thousands of employees in the recent months. (File)
Published on Jan 19, 2023 11:51 AM IST
Reuters | | Posted by Ritu Maria Johny

Edtech firm Byju's raises $250 million in fresh funding round: Report

BYJU'S founder and CEO Byju Raveendran said that the company is now at that sweet spot of its growth story where the unit economics and the economies of scale both are in its favour.

The move will lead to the lay-off of about 2,500 people across roles.(Shutterstock)
The move will lead to the lay-off of about 2,500 people across roles.(Shutterstock)
Updated on Oct 17, 2022 02:54 PM IST
PTI | | Posted by Aryan Prakash

‘Not conducive': Parliamentary panel warns against defence funding cut 

The committee observe that out of the total budgetary allocation of ₹3,43,822.00 in 2020-21, only ₹2,33,176.70 have been utilised by the ministry up to December 2020.

The panel, in its previous reports, had recommended making capital budget
The panel, in its previous reports, had recommended making capital budget "non-lapsable" and "roll-on" in nature. (Image for representational purpose only)
Updated on Mar 17, 2022 02:45 PM IST

Byju's raises $800 million, CEO Byju Raveendran invests 50% in funding round 

Byju's has over 150 million learners on its platform with an annual rate of 86% and this investment comes at a time when CEO Byju Raveendran is bracing for its initial public offer in around 9-12 months.

Byju Raveendran, founder and CEO of Byju's (Hemant Mishra/Mint File Photo)
Byju Raveendran, founder and CEO of Byju's (Hemant Mishra/Mint File Photo)
Updated on Mar 12, 2022 10:07 AM IST

No foreign funding for over 6,000 NGOs whose license expired: MHA data

The FCRA license is a mandatory registration without which an NGO or any other organisation cannot receive funding from abroad.

(Representative photo/Shutterstock)
(Representative photo/Shutterstock)
Published on Jan 01, 2022 04:00 PM IST
By | Written by Sharmita Kar | Edited by Poulomi Ghosh, New Delhi
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