The total claim from the creditors is about $1.5 Billion. I Don't think that creditors would even get 20% of it.
Btw the total funding amount is over $5 Billion
This is bad 🔥
This might be the end of BYJUs
A total of 1,887 creditors have filed claims amounting to $1.5 billion against Byju's, with most claims still under review.
Notably, Indian tax authorities are seeking $101 million in dues from the tro
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1 replies4 likes
Sanskar
Stealth • 2m
Elon Musk's new AI start up xAI just raised $5 Billion for a valuation of $50 Billion
The Investment came from
1. Qatar Investment Authority
2. Valor Equity Partners
3. Sequoia Capital and
4. Andreessen Horowitz
Total raised amount by xAI = $11 Bil
🚨 Zepto To Raise Over $340 Million at Massive $5 Billion Valuation
Raised Around $1 Billion in The Last 60 Days
Valuation Also Skyrocketed From $1.4 Billion in August 2023 To $5 Billion in August 2024
In 2024, Indian startups raised approximately $12 billion, a 20% increase from the previous year, marking a recovery from the funding downturn of 2022 and 2023. This year saw 993 funding deals, with fintech, consumer services, and ecommerce leading t
What caused the sharp decline in valuations for ShareChat and hike both previously valued at over $3 billion and now below $1.5 billion in recent funding rounds?
ShareChat's failed wager on the Indian short-video space amid the TikTok ban has forced
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9 replies21 likes
Mahendra Lochhab
Stealth • 10d
According to DPIIT, after April 1, 2016, startups registered under Startup India have so far raised a total funding of $115 billion. Before 2016, this number was $8 billion.
1 replies2 likes
Ashish Singh
Stealth • 20d
The Indian startup ecosystem showed significant growth from 2023 to 2024. Total funding increased by 20%, reaching $12 billion in 2024, compared to $10 billion in 2023, marking a recovery from the previous year's downturn12. Notably, six new unicorns
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3 replies3 likes
Vishu Bheda
Stealth • 8m
Funding Raised By India’s Spiritual Tech Startups in the Last 12 Months
• AppsForBharat : $15-20 Mn (In Talks)
• AstroTalk : $20 Mn
• InstaAstro : $2.3 Mn
• Vama : $1.5 Mn
• DevDham : $720K
• Melooha : $635K
• Utsav : $240K
India has Very Big Marke
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10 replies13 likes
Havish Gupta
Stealth • 19h
Y Combinator has invested in over 5000 startups with a total valuation of $600 billion.
Out of these, just 4 companies—Stripe, Airbnb, Coinbase, and DoorDash accounts for ~$300 billion of the valuation.
Fascinating, isn’t it?