Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. “The fast fashio…
Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. “The fast fashio…
GIC is in talks to invest in the Indian startup Vegrow, which runs a business-to-business marketplace for fruits, two sources familiar with the matter said. The Singapore sovereign fund is evaluating leading a $40 million Series C funding round in Vegr…
Three senior executives are leaving Byju’s as part of a restructuring at the edtech group, the most valuable Indian startup said Tuesday. Mukut Deepak, who led the classes 4-10 business; Himanshu Bajaj, head of the tuition centers, and Prathyusha…
Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Invesco had previously attributed to the startup during a funding round…
Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This is the second round of job cuts at Meesho, which eliminated about 150 roles a year ago. The Bengaluru-headquartered startup, backed by Fidelity, Prosus, SoftBank,…
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