Blume Ventures announces closing its fund for start-ups at $250 mn
Blume Ventures, the homegrown venture capital firm focused on early-stage technology start-ups, said on Wednesday it has closed its Fund IV at more than $250 million. The company’s assets under management (AUM) stand at over $600 million.
The fund, which was oversubscribed compared to its initial $200 million target, will invest in some 35 companies in edtech, fintech, health, commerce, and consumer internet. It i...
Key Stock News: Blume Ventures, Triveni Engineering, Princeton Digital Group, NHPC, Vodafone Idea, Byju`s - ARETE Securities
Byju's to lay off 2,500 staffers, targets profitability by March
* Edtech giant Byju’s is set to lay off nearly 2,500, or 5 per cent, of its employees as part of an “optimisation” plan. The move by India’s most valuable start-up comes amid a funding winter and steep losses.
* To avoid redundancies and duplication of roles, and by leveraging technology better, around 5 per cent of Byju’s 50,000-strong workforce is expected to be rationalised across produ...
Key Stock News: - Byju,LIC,PepsiCo, HCLTech,NSDL,Wipro - ARETE Securities
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Reliance to partner Qualcomm to develop 5G solutions: Ambani at 45th AGM
Reliance Jio, the nation's largest telecom operator, has partnered with Qualcomm to develop 5G solutions for India, Mukesh Ambani said on Monday. Speaking at Reliance Industries' 45th AGM, he said the firm is partnering with Google to develop ultra-affordable 5G smartphones and Google Cloud. It has now forged a collaboration with Qualcomm to develop a 5G solution for India, which can be taken to th...
Key Stock News: Reliance Industries, Reliance Jio, BYJU`S, Vodafone Idea, IndiGo, Bank of India - ARETE Securities
