City Vy Financial News
18.07 / 01:55
COST
Aware
Platform
Software
Enterprise
Schools
Kunal Bahl and Rohit Bansal exit Urban Company with 200 times return
Kunal Bahl and Rohit Bansal, founders of ecommerce firm Snapdeal and investment fund Titan Capital, have exited at-home services platform Urban Company, bagging a nearly 200 times return on their nine-year-old seed cheque. They sold their stake to Vy Capital’s offshoot Dharana Capital which made a $50 million secondary transaction at the Gurugram-based firm. Bahl and Bansal, who had invested Rs 57 lakh in 2015, made the full exit that closed earlier this month with aggregate proceeds of Rs 111 crore, according to people aware of the transaction.
28.05 / 08:37
27.05 / 20:01
ChatGPT
Elon Musk’s xAI Secures $6 Billion To Compete With ChatGPT
Elon Musk’s AI startup, xAI, successfully raised $6 billion in a Series B funding round on May 26. The latest Series B round included participation from Vy Capital, Andreessen Horowitz, Sequoia Capital, and Saudi billionaire Prince Alwaleed Bin Talal.
25.11 / 07:56
Platform
Compilation
Entertainment
social
information
Online news aggregator InShorts sees FY23 losses swell by a third to Rs 310 crore
news aggregator InShorts saw its losses balloon by over a third during the year ended March 2023 to Rs 309.75 crore, from Rs 231.87 crore in FY22, as it spent significantly more during the period. The company saw its operating revenue rise 8.7% year-on-year during FY23. The Noida-based company’s revenue from operations rose to Rs 180.90 crore in FY23, compared to Rs 166.37 crore a year earlier, according to its financial statements filed with the Registrar of Companies (RoC).
24.10 / 00:59
UPS
Reuters
Enterprise
information
reports
Musk's Boring Company shares rise over 22% in employee share sale - The Information
(Reuters) -Elon Musk's tunneling enterprise, The Boring Company, has sold shares owned by employees and investors at a price over 22% higher than in a funding round for the company last year, The Information reported on Monday.
15.10 / 03:43
Facebook
CEO
Adventure
Sony
show
social
reports
Who is Azhar Iqubal, the latest to join Season 3 of Shark Tank India? Key things to know
“On Shark Tank India Season 3, I want to convey to the youth of India that your background and whether you possess a degree are not significant; what matters is your hunger, discipline, and focus. If you have these qualities, I am here to support you in achieving your entrepreneurial dream," he said. Iqubal also reflected on his journey, from leaving IIT Delhi to launch his new aggregator venture in his early 20s, Inc42 reported.
16.08 / 13:15
business
Ethereum
Smart Contracts
Chain
ZetaChain raises $27M in equity round to enable chain-agnostic interoperability
Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and other investors.
31.03 / 09:07
business
Adoption
Funding
Venture Capital
reports
Blockchain.com's value rockets to $14B after new funding round: Reports
Cryptocurrency exchange and financial services firm, Blockchain.com, has reportedly raised new funding at a valuation of $14 billion.
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