26% Growth In Total Wealth Of Indian Billionaires In FY22
The fiscal year 2021-2022 has showcased nearly 26 per cent growth in the combined income of India’s multibillionaires, which adds up to 750 billion dollars. Toping up the list, there is reliance industries chairman, Mr Mukesh Ambani. His net worth is around $99.6 billion. However, speculations are that the launch of TATA Neu on April…
John David
CredAvenue Enters Unicorn Club After Raising $137 Million
CredAvenue, an online debt marketplace, has become another Unicorn of 2022 after raising $137 million in a Series B funding round. The company said that ━ it is now valued at $1.3 billion, more than tripling its valuation in just six months, making it India’s fastest fintech unicorn. The funding was led by New York-based…
Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022
Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated. With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm…
Vipula Gaunatilleka Appointed As New CFO of Jet Airways
Jet Airways has begun the hiring process as the Airline plans to take off in early 2022, after being grounded for almost three years. Jalan Kalrock consortium, promotors of Jet Airways, on Tuesday announced the appointment of Vipula Gunatilleka as the Chief Financial Officer (CFO) of the airlines. Vipula is the former CEO of SriLankan…
Ilker Ayci Appointed As New MD & CEO Of Air India By Tata Group
A recent tweet by air India announced the appointment of Ilker Ayci as a new managing director and CEO of Air India. Last month the TATA Group took over the airline from the government. The TATA group was looking for an experienced person, due to which they interviewed many potential candidates including some American and…
Yellow.ai Appointed Neeru Mehta as First Chief HR Officer
Yellow.ai, an experience (TX) automation platform, has announced Neeru Mehta as its first chief human resource officer, CHRO, on Tuesday. The company aims to expand its plan globally and hire talent across verticals with this new member in the company. In her new role, Mehta will be responsible for strengthening the employer branding and people…
Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco
Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources. Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…
Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.
Reliance Retail Venture Ltd., the retail unit of Reliance Industries Ltd., has now acquired 54% stakes in Robotic Company, Addverb Technologies for ₹ 983 Cr. ($ 132 million approximately). Before this, Reliance has picked 25.5% stacks worth in Dunzo for $240 million. With this, the company is expecting business extension in Europe and US and…
Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million
Reliance has picked 25.5% stakes worth $240 million in Dunzo – a Google-backed hyperlocal delivery startup, as the largest Indian retail chain expands to the instant commerce space. Dunzo is a six-year-old startup that operates an eponymous hyperlocal delivery service in seven cities of India including Delhi, Bengaluru, Gurugram, Pune, Chennai, Mumbai, and Hyderabad. Its…
Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double
Indian fintech giant Razorpay has doubled its valuation from $3 billion in April to $7.5 billion to become India’s fastest-growing fintech firm. It raised $375 million in the first round of its series F funding, co-sponsor by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraise, the company’s value…
