dailyhunt
Google, Microsoft-backed VerSe Innovation lays off 150 employees
The India-based firm is also implementing an 11% salary cut for employees earning over US$12,242 annually.
Shadine Taufik · · 1 min read
Microsoft-backed Dailyhunt expands into Middle East
Dailyhunt is set to be rolled out in Iraq, Iran, Israel, and Egypt, among other markets.
Kul Bhushan · · 2 min read
Bakrie Group ups it strategy game with new VC fund
The ins and outs of Bakrie Group’s new VC company and the US$805 million round of a Microsoft-backed Indian tech firm
Winston Zhang · · 5 min read
Microsoft-backed VerSe bags US$805m in new funding
The latest funding round saw VerSe Innovation’s valuation climb to nearly US$5 billion.
Kul Bhushan · · 2 min read🇮🇳 Roundup: Flipkart enters grocery space with Shopsy, and more
Also, Open acquires neo-banking platform Finin for US$10 million, and Dailyhunt launches hyperlocal video app Publicvibe.
Roehl Niño Bautista · · 2 min readIndia Roundup: Nykaa revises equity offer to raise $83.7m in IPO, and more (Updated)
Also, NoBroker is in talks to raise funds at a valuation of over US$750 million, and Dailyhunt’s parent firm, VerSe, acquires social media app GolBol.
Deepti Sri · · 2 min readIndia Roundup: B2B unicorn Udaan to raise $537m, and other news
Also, Zostel looks to pause Oyo’s IPO plans, and upGrad aims to hit an annual revenue run rate of US$500 million by March 2022.
Samreen Ahmad · · 3 min readInnoVen Capital India raises $100m to hit first close of new fund
The fund will primarily focus on sectors such as healthtech, logistics, fintech, and enterprise software, among others.
Kul Bhushan · · 1 min readIndia video apps have 4x more influencers than TikTok did pre-ban, report says
The short-form video ecosystem in India clocked in over 200 million monthly active users in March 2021.
Deepti Sri · · 3 min readIndian venture debt player targets $133m for third fund
Trifecta Capital has invested close to US$293 million in over 85 startups so far.
Samreen Ahmad · · 1 min read