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The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets. As decentralized finance attempts to expand its reach, it appears to be in dire need to find alternative sources of yields. Dur…

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Byju’s cuts over 600 jobs, pushes back payments for $1 billion acquisition

Byju’s, India’s most valuable startup, has eliminated over 600 jobs in recent days and pushed back on payments for a $1 billion acquisition it announced last year. The Bengaluru-headquartered startup, valued at about $22 billion, has cut over 300 jobs at Toppr, an online learning startup it acquire…

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Arzooo raises $70 million to bring ‘best of e-commerce’ to physical stores in India

Arzooo, an Indian startup that is attempting to bring the “best of e-commerce” to physical stores, has raised $70 million in a new financing round.

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Mapan’s services helps low-income Indonesians users afford goods and services

In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. Mapan digitized that concept, and turned it into a service where users, also mostly women, can use it to pay for goods and services. Th…

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Byju’s unit WhiteHat Jr cuts 300 jobs

WhiteHat Jr, the kids-focused coding platform that edtech giant Byju’s acquired for $300 million two years ago, has eliminated about 300 roles in recent days, the latest in a series of startups globally to cut workforce amid the market downturn. The layoff impacts the startup’s teams globally…

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Mukesh Ambani steps down from Reliance Jio, son named chairman

Akash Ambani, the eldest son of Indian tycoon Mukesh Ambani, will replace his father as the chairman of Reliance's digital empire Jio.

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India delays strict new VPN rules by 3 months

India will give VPN providers and cloud service operators an additional three months to comply with new rules that require they maintain names and addresses of their customers and their IP addresses, giving some relief to firms as many scramble to follow the new guidelines and some explore the opti…

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Google backs Progcap, a startup delivering working capital to small retailers in India

The investment is part of a $40 million fresh funding Progcap has raised, said the startup, which also counts Tiger Global and Sequoia India among backers.

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Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown

Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certain verifications, days after the monetary authority signalled industry-wide crackdown. The Payments …

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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