Saritha Rai
Stories by Saritha Rai
DST Global said to near $400m funding in Indian edtech startup Byju’s
The deal values Byju’s at $10.5 billion.
Google to boost Reliance Jio’s bid to upend market of more than a billion users
Global tech leaders are looking for multiple ways to grab a slice of the Indian market, where millions of first-time internet users are added every mo
Meet Manoj Modi, the rainmaker behind Mukesh Ambani’s $13b deal spree
He played a key role during negotiations for a $5.7 billion deal with Facebook Inc. in April.
Masayoshi Son’s $2b guarantee at risk as virus hits SoftBank star Oyo
Oyo risks turning into another problem startup for SoftBank amidst the COVID-19 pandemic.
Indian crypto bourse CoinDCX raises $3m from Bain Capital Ventures, others
The funding signals how global investors are drawn to the space after a favorable Supreme Court decision.
India: Coffee Day probe finds $270m missing after founder V.G. Siddhartha’s suicide
After the death of Siddhartha, the company faced a severe liquidity crunch and had zero cash in the bank.
SoftBank-backed Oyo to cut about 5,000 jobs in overhaul
The coronavirus is contributing to a dramatic retrenchment in China, a market once deemed crucial to Oyo’s global expansion.
India’s Rupeek lands $60m from GGV Capital, Binny Bansal’s BTB, others
The funding valued the Bangalore-based startup at more than $300 million.
India: OYO losses climb to $335m on four-fold increase in revenue
Losses climbed to $335 million, or 35% of revenue, from $53 million, or 25% of revenue.
Indian IT firm Wipro’s CEO steps down, search begins for successor
Neemuchwala, who presided over a 13% rise in Wipro’s stock over his four-year-tenure, will remain at his post until a new CEO is appointed.
