Valuation

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The revision in valuation has been done according to IRDAI guidance

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Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece

Auction to be held on two days, starting December 22

"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said

In November last year, the Reserve Bank of India had sent the company to debt resolution after it defaulted on its loans worth Rs 24,000 crore

Edtech major Byju's is likely to raise over USD 500 million (about Rs 3,900 crore) at a valuation of around USD 23 billion in about a week, sources privy to the development said. The company is planing to use the funding for acquisition in the US, they added. The company is in discussion with Abu Dhabi's Sovereign Wealth Funds (SWF) and Qatar Investment Authority (QIA) for raising in the range of USD 400-500 million and USD 250-350 million, respectively, according to the sources. "Byju's is in an advanced stage of discussion with some investors. The company is likely to raise over USD 500 million in about a week. The transaction is expected to be closed at a valuation of around USD 23 billion," one of the sources told PTI, who did not wish to be named. Byju's declined to comment on the development. According to the source, the funding is part of the company's plan to use the fund for inorganic expansion, especially in the US. The company has already acquired US-based reading plat

New rules will be effective from Monday

The firm said its annual recurring revenue (ARR) now exceeds $100 million

The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

The edtech major has raised about $4.5 billion since it was founded 10 years ago

While demand stays strong, raw material movement/further price hikes could hit sales/margins

Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, travel and hospitality technology platform OYO's Founder and Group CEO Ritesh Agarwal said on Monday. Commenting on India crossing the 100 unicorns mark, in a post on Twitter, he said it is "not just a milestone but a stepping stone that lays the path for the next 1,000 unicorns." Retweeting his video message posted by Startup India, Agarwal said, "I am bullish on Indian entrepreneurs taking the world by storm. Founders should remember that valuations are temporary, values are forever. Focus on doing good & stay grounded." In the video message, he said it seems like India is not walking anymore when only one or two unicorns were added a year. "We are now sprinting towards glory to make India the largest entrepreneurial ecosystem in the world," he said. He listed out the presence of entrepreneurs and markets in Tier II, III and IV towns in ...

The Chairman of the USD 44-billion Aditya Birla Group also said that ultimately unit economics will have to matter.

After Zepto bagged $100 mn and Dunzo raised Reliance funding, now Swiggy has turned a decacorn. It is planning to go big on quick commerce. Find out how Swiggy doubled its valuation in six months

Matteo Pusineri, director of Asia Impact SA said through the pandemic, the investment firm has seen Arya transform agri-commerce across India

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.