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Allen in talks to buy Unacademy for $800m. $3.4B valuation to $800m. What a drop !!

Unacademy was once valued at $3 Billion and above and has raised more $800 Million till date might get sold for $800 Million. If the deal goes through, Unacademy's founders are expected to exit the company. I think Allen is buying just Unacademy and

Unacademy might get acquired. News amongst journalists is that investors are forcing a sale at a way reduced valuation. Might be hoax as their founder had mentioned about great cash reserves. But who knows 👀

→ SAP acquires Israel-based WalkMe to boost embedded AI use cases → iD Fresh Food raises $68 Mn in Series D funding → Vidyut Tech secures $10 Mn in Series A funding → Yulu raises $82 Mn in Series B funding → Zypp Electric raises $12 Mn in funding

Summary of the Week: 1. Fundings: Indian startups cumulatively raised $260.1 Mn from 31 deals between April 15-20: - An uptick in the investment activity across the ecosystem. Between April 15 and 20, startups cumulatively raised $260.1 Mn across 3

Summing Up this Week: 1. Indian startups registered $151 million in VC funding across 23 deals, compared with the $210 million they raised last week. 2. IPO-bound Ola Electric bagged the biggest cheque this week, securing $50 Mn in debt funding fro

Top News of Today (7th Oct 2024): 1) Zepto finalises new Bengaluru office on the busy Sarjapur road. 2) Spacetech Startup XDLINK Space Labs Raises $7 Mn From Ashish Kacholia, Others 3) Zomato CEO Deepinder stopped from using mall's lift while collec

Summing Up the Week for you! 1. Fundings: - Indian startup ecosystem was a low-key affair this week as compared to the previous six-day period. Between May 6 and 11, startups cumulatively raised $220.2 Mn across 21 deals, a 30% decline from last w

Top News of the Week: 1. Fundings: - Indian startups raised a total of $316.4 million in funding across 23 deals in the first week of May, a significant increase from the previous week's $172.6 million raised across 21 deals. - Digital pharmacy Ph

1K Kirana, a kirana tech startup, is facing potential bankruptcy and a distress sale after significant operational struggles. Founded in 2018, it expanded rapidly during the pandemic but has since downsized drastically, reducing its workforce from ov