🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
EY-backed RP sues Byju’s Dubai-based marketing agent for Rs 1,597 crore - The Economic Times
Economic Times
·
29d ago
Medial
Think and Learn, facing insolvency, has sued Dubai-based More Ideas General Trading for Rs 1,597 crore over alleged unpaid dues. Byju Raveendran and other former directors are also implicated. Byju's founders dispute these claims, arguing the resolution professional is deflecting from their own challenges to the insolvency proceedings and GLAS Trust's authority. The dispute involves marketing rights for Byju's products in several Middle Eastern countries under a revenue-sharing arrangement.
View Source
3
Related News
Byju’s RP’s suit claims directors owe compensation to company under IBC laws
Economic Times
·
1m ago
Medial
An EY-backed resolution professional has filed lawsuits at the NCLT against former Byju’s directors, claiming they owe compensation for fraudulent asset transfers. The lawsuits argue that transactions were reversed under the Insolvency and Bankruptcy Code, citing a $533 million investment and Rs 130 crore unjustly moved. Former directors Byju Raveendran, Riju Ravindran, and Divya Gokulnath are implicated. The lawsuits follow a Delaware court ruling questioning a $533 million transfer by Byju’s Alpha, a subsidiary, which was deemed illegal.
View Source
DIEZ Unveils AED 500 Million Venture Capital Fund To Support Tech Start-Ups
OutlookIndia
·
1y ago
Medial
Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital fund worth AED500 million (approximately Rs 11,332 cr) to provide financial assistance to technology start-ups. The fund, established by Oraseya Capital, the venture capital subsidiary of DIEZ, aims to support the growth of small and medium-sized enterprises in various emerging sectors. The announcement was made during the Dubai Business Forum, with the objective of aligning with the Dubai Economic Agenda's goals for economic development.
View Source
Listed fintechs cut marketing spends to boost fundamentals - The Economic Times
Economic Times
·
4d ago
Medial
Fintech startups like Paytm and PB Fintech have significantly reduced marketing and promotional expenses to strengthen business fundamentals and achieve profitability amidst challenging economic conditions. Paytm, which reported its first business-driven profitable quarter, cut marketing expenses by 55% for the June quarter, contributing to a 20% reduction in overall expenses. PB Fintech similarly decreased marketing costs across two quarters, focusing on cost-effective operations while expanding its business lines. Balancing growth and cost management remains crucial in this competitive sector.
View Source
Crypto currency may render recognised money untraceable: Delhi HC - The Economic Times
Economic Times
·
25d ago
Medial
The Delhi High Court emphasized the significant economic impact of cryptocurrencies, noting their potential to transform legitimate money into untraceable funds. Justice Girish Kathpalia denied bail to businessman Umesh Verma, involved in a crypto-related corruption case, citing serious allegations. Verma, linked to Dubai-based Pluto Exchange, allegedly defrauded 61 investors, promising high returns despite cryptocurrency derecognition. His extensive criminal background heightened prosecution concerns about his flight risk, supporting the court's bail denial.
View Source
Proptech startup Reloy sees 40% revenue growth to Rs 25 crore this fiscal on strong housing demand
Economic Times
·
8m ago
Medial
Proptech startup Reloy, backed by HDFC Capital, is projected to achieve a 40% revenue growth to Rs 25 crore this fiscal year due to strong housing demand. Reloy specializes in real estate loyalty and referrals, helping builders manage their brokers and homeowners efficiently. The company has raised Rs 13 crore from investors and offers tech solutions that streamline the post-purchase journey for homeowners. Reloy's clients include prominent builders such as Godrej Properties and DLF. The Proptech market is expected to reach $600 billion by 2047, according to a CREDAI and EY report.
View Source
Mumbai: Borivali apartment lists for Rs 8.5 crore, netizens say ‘shift to Dubai, get a golden visa, start a company and live tax-free’
Economic Times
·
1m ago
Medial
A 5 BHK apartment in Mumbai's Borivali suburb is listed for resale at Rs 8.52 crore, reflecting significant residential price surges post-pandemic. Situated within 1 km of Borivali railway station, the property is priced at Rs 35,000 per sq ft. Social media reactions are divided; some justify the price with economic growth while others suggest relocating to Dubai for tax-free benefits. Despite rising, Borivali is still cheaper than Mumbai’s premium areas.
View Source
Perplexity founder Aravind Srinivas-backed Astra shuts shop on cofounder differences - The Economic Times
Economic Times
·
9d ago
Medial
Astra, a SaaS startup backed by Perplexity founder Aravind Srinivas, has shut down due to cofounder differences. The startup aimed to automate account executive activities using an AI-powered sales analytics platform and had onboarded two enterprise clients during its beta phase. Challenges included building trust with enterprise clients amid an AI agent surge. Cofounder Supreet Hegde cited differences with Ranjan Rajagopalan as the reason for closure, while Rajagopalan reportedly works on a new stealth-mode startup.
View Source
Italy advertising spending up 3.4% in May, research agency Nielsen says - The Economic Times
Economic Times
·
1m ago
Medial
Italy's advertising market grew by 3.4% in May, according to research firm Nielsen. This increase indicates improved business confidence and greater marketing investments across media channels like digital and television. The growth reflects a continuing recovery in the sector, enhancing overall economic momentum while aligning with broader efforts to boost growth and engage consumers.
View Source
Brookfield, Tiger Global portfolio firms get IPO approval
VCCircle
·
7m ago
Medial
Brookfield Asset Management and Tiger Global-backed firms received approval from India's SEBI for their IPOs. Electric two-wheeler manufacturer Ather Energy, supported by Tiger Global, aims to raise Rs 3,100 crore through new share issues and an offer for sale (OFS), with funds directed toward factory setup, debt repayment, R&D, and marketing. Schloss Bangalore, backed by Brookfield, seeks Rs 3,000 crore via IPO, using funds for debt repayment and corporate needs.
View Source
InsuranceDekho raises $60 million in ongoing Series B funding round
Money Control
·
1y ago
Medial
Insurtech startup, InsuranceDekho, has raised $60 million in a Series B funding round from investors including Mitsubishi UFJ Financial Group and BNP Paribas Cardif's insurtech fund. The new round brings the company's valuation to over $500 million. The funds will be used to enhance marketing efforts, expand distribution, develop its tech platform, and explore growth opportunities. InsuranceDekho aims to make insurance more accessible in India and plans to achieve a premium of Rs 3,600 crores this financial year, whilst targeting 200,000 agent partners by March 2024.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
