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Edtech platform Eruditus lays off staff to improve profitability
SoftBank-backed edtech unicorn Eruditus has become the latest edtech company to lay off employees as it looks to improve profitability.
CommerceIQ turns unicorn, raises $115 million led by SoftBank
CommerceIQ, which helps brands sell on ecommerce platforms by offering better data, analytics and marketing, said on March 21 it has raised $115...
Ola Electric announces strategic investment in Israel-based StoreDot
Softbank-backed Ola Electric has announced a strategic investment in StoreDot, an Israel-based fast charging technology company for Electric Vehicles...
Nvidia terminates $40-bn acquisition deal
In a massive blow to Big Tech, graphics chip giant Nvidia on Tuesday finally scrapped the $40 billion deal, the biggest ever in the world of...
Snapdeal sells 30% in subsidiary Unicommerce to Softbank, ahead of its...
Unicommerce, a fully owned subsidiary of IPO-bound Snapdeal, has raised investment from Softbank for around 30 percent stake, sources privy to the...
Indian-origin CEO Vishal Garg apologises for mass layoffs over Zoom...
Better.com CEO Vishal Garg, who was massively trolled for laying off 900 employees over a Zoom meeting call last week, has finally issued an apology...
Indian fintech firms mop up $1.93 bn in Q3
Record highest amount of funds in APAC region: S&P
Grofers joins the unicorn club following funding frenzy
Softbank-backed online grocery delivery service Grofers has become a unicorn after successfully raising $120 million from online food delivery firm...