This week in Indian #startup #news,
1. SoftBank breaks up with OYO in Latin America - OYO to digitally manage hotels
in the region but will have to let go of most of its employees there
2. MapmyIndia partners with ISRO to build an indigenous mapping portal to
challenge Google Maps
3. Tesla to start manufacturing its electric cars in Karnataka
4. Glance, which owns the short video app Roposo, could end up buying TikTok's
business in #India but the deal might not be easy to close considering India and
China's relationship
5. SPAC craze reaches India - ReNew Power is reportedly looking to go public in
the US through the SPAC route and Grofers might be looking to do the same
6. The great Indian edtech consolidation - Unacademy and BYJU'S have acquired 7
and 4 startups respectively with TapChief being Unacademy's latest acquisition
and Byju's eyes Toppr in a $150 million deal
7. KreditBee raises $75 million - Xiaomi exits and Shunwei Capital and Kunlun
reduce their stakes as Chinese stakeholding drops from 40% to 10%
8. Shiprocket gets $27 million from Tribe Capital, March Capital, DST Global’s
Rahul Mehta and Bertelsmann India Investments
9. Raghunandan G's latest startup Zolve raises $15 million to help Indians in
the US to secure easy credit and build their credit scores
Originally posted by Backstage With Millionaires on LinkedIn
link: linkedin.com/company/backstagewithmillionaires/
1. SoftBank breaks up with OYO in Latin America - OYO to digitally manage hotels
in the region but will have to let go of most of its employees there
2. MapmyIndia partners with ISRO to build an indigenous mapping portal to
challenge Google Maps
3. Tesla to start manufacturing its electric cars in Karnataka
4. Glance, which owns the short video app Roposo, could end up buying TikTok's
business in #India but the deal might not be easy to close considering India and
China's relationship
5. SPAC craze reaches India - ReNew Power is reportedly looking to go public in
the US through the SPAC route and Grofers might be looking to do the same
6. The great Indian edtech consolidation - Unacademy and BYJU'S have acquired 7
and 4 startups respectively with TapChief being Unacademy's latest acquisition
and Byju's eyes Toppr in a $150 million deal
7. KreditBee raises $75 million - Xiaomi exits and Shunwei Capital and Kunlun
reduce their stakes as Chinese stakeholding drops from 40% to 10%
8. Shiprocket gets $27 million from Tribe Capital, March Capital, DST Global’s
Rahul Mehta and Bertelsmann India Investments
9. Raghunandan G's latest startup Zolve raises $15 million to help Indians in
the US to secure easy credit and build their credit scores
Originally posted by Backstage With Millionaires on LinkedIn
link: linkedin.com/company/backstagewithmillionaires/