Tag: Capital
Bluelearn shutdown: Edtech startup Bluelearn shuts shop, to return 70% of capital to investors
Elevation Capital-backed upskilling and job finding platform Bluelearn has shut down operations and will return 70% of the capital it raised to its investors. “We…
xeed ventures: CaratLane’s Mithun Sacheti, Binny Bansal back Xeed as Indian founders turn big local sponsors
India’s startup and technology ecosystem is witnessing the emergence of a growing pool of influential founders turning into funders by backing multiple domestic funds. In…
Fashinza Virgio: Fashinza, Virgio to return majority capital after pivots
At least two well-funded startups — Fashinza and Virgio — backed by the likes of Accel and Alpha Wave have initiated a process to return…
1X: OpenAI-backed 1X raises $100 million to build next-gen humanoid robots
Norwegian robotics startup 1X Technologies, backed by OpenAI, has raised $100 million in its series B funding round led by EQT Ventures. As part of…
byjus funding: For more capital, Byju’s must pass a tough test
Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is…
etsa: ETSA panel discussion: Focus needed on building new ventures sustainably for public markets
With a major reset in the startup and new economy ecosystem after two years of a low-interest regime-led boom in investments, panelists discussing the ‘New…
Indonesia to allocate $2.7 billion next year to construction of new capital
JAKARTA: Indonesia is to allocate 40.6 trillion rupiah ($2.7 billion) to the construction of its new capital city in its 2024 budget and the presidential…
‘States’ additional borrowings unlikely to hit yields on government securities’
New Delhi: The Centre’s move to allow states to borrow up to ₹1.43 lakh crore in FY24 if they pursue stipulated power sector reforms is…
income tax return: Personal use of family office money may be discouraged
Amid an unstated concern over the flight of capital and migration of the rich, Indian regulatory authorities are taking a stance that family offices floated…
NPA india: Indian banks’ gross bad loans fall to a 10-year low of 3.9%: RBI’s Financial Stability Report
Scheduled commercial banks’ net non-performing assets (NPA) ratio fell to a 10-year low of 3.9 per cent in March 2023, the Reserve Bank of India…