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 • 16h
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
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4 replies4 likes
Mr Z
Stealth • 3m
🚨 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
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 replies20 likes
Mr Z
Stealth • 6m
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
Niket Raj Dwivedi
•
Medial • 6d
India’s Unicorns and their valuations, a detailed list on Medial-
2024
1. Krutrim - AI: $1 billion
2. Ather Energy - Electric Vehicles: $1.4 billion
3. Perfios - FinTech (SaaS): $1.2 billion
4. Rapido - Ride-Hailing: $1.1 billion
5. Moneyview - Fi
Too many funding announcements today.
This week is going to be big in terms of startup funding.
In May, Indian startups raised 1.3 billion dollars, the highest amount this year.
Do you think the funding winter for Indian startups is coming to a
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1 replies6 likes
Yogesh Jamdade
Stealth • 5m
Indian AI startups:
Uniphore Technologies
Industry: Conversational Service Automation (CSA)
Funding:
Total funding raised: Over $658 million across 13 rounds (as of June 20, 2024)
Largest funding round: Series E in January 2022 for $400