Shruti Malhotra

Ashley Menezes of ChrysCapital has been appointed as the Chairperson of the EC, while Sriniwasan Subramanian (Srini) of Kotak Alternate Asset Managers Limited has been appointed as the Vice-Chairperson.

Good Glamm Group's comment comes a day after startups news outlet The Arc reported that Indian Angel Network (IAN), an investor in Sirona, has sent a notice of default on payments to the Group's board on April 18.

Sources suggest that Piyush Gupta, the head of strategic development at Peak XV, will soon unveil a new venture fund focusing on secondary transactions, which involve the sale of existing shares rather than issuing new ones.

Byju Raveendran, the founder of the edtech giant Byju's, reportedly raised around ₹30 crore in personal debt to meet salary obligations, sources told CNBC-TV18.

Digital payment platform PhonePe has reached an out-of-court settlement with Aniket Food regarding a trademark infringement case. The resolution comes after a series of legal proceedings initiated by PhonePe against Aniket Food for the unauthorised use of its trademarks.

The court also prohibited further transferring or using any of the $533 million in loan proceeds, found Byju Raveendran and Divya Gokulnath to be working in concert with Riju Ravindran, and ordered the arrest of hedge fund manager William Morton for his repeated refusal to appear in court.

General Catalyst has backed some of the most exciting tech startups globally, including Airbnb, Canva, Deliveroo, Snap, and Stripe. With over two decades of investing experience, $30 billion invested in over a thousand startups, GC has been a major player in Silicon Valley.

India is locked in a battle against a formidable pollution crisis, with the air we breathe presenting a constant, invisible threat.

Zepto raised $340 million, valuing the company at $5 billion, to expand its quick commerce operations. The funding aims to double dark stores and enter new markets, with sales projected to exceed ₹5,000 crore in FY24 as Zepto prepares for an IPO.

SoftBank-backed B2B platform OfBusiness is preparing for a public offering, aiming to raise between $750 million and $1 billion within the next 12-15 months. The company is merging its subsidiaries into a holding company ahead of the IPO.