Digital Health Startup Mfine Lays Off Staff

Digital health platform MFine has become the lastest venture capital backed startup to lay off its staff due to a lack of funds to pay salaries, two former employees at the firm said. Bengaluru-based MFine, operated by Novocura Tech Health Services Pvt Ltd, has laid off over 50% of its staff, one of the employees … Read more

How Elon Musk Could Arrange The Massive $43 Billion To Buy Twitter

The purchase isn’t straightforward, but Elon Musk has several financing paths. One option is to sell his Tesla shares outright. Another is borrowing against them to stage a leveraged buyout, possibly with outside partners. Musk, 50, currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion buying a 9.1% … Read more

CCI orders to investigate Zomato, Swiggy over neutrality

The order comes months after the National Restaurant Association of India (NRAI) asked the Competition Commission of India (CCI) to investigate the companies for breaching platform neutrality by providing priority to the exclusive contractors. Key points to note – NRAI represents more than 5,00,000 restaurants across India. Other than complaints about platform neutrality, complaint by … Read more

Microsoft to empower Indian startups from idea to unicorn with new platform

Tech giant Microsoft has launched its ‘Microsoft for Startups Founders Hub’ in India. The aim is to empower startups’ vision and fuel innovation to drive economic and societal progress for India and beyond. Microsoft for Startups Founders Hub is a new digital inclusive platform for startup founders in India. The platform offers over $300,000 worth … Read more

Reliance acquires another online lingerie brand

After Zivame and Amante, Reliance Retail Ventures Limited (RRVL) has now announced acquiring Clovia, another direct to consumer (D2C) women lingerie brand. Key points to note – Founded in 2012, Clovia has previously raised a total of $22 mn from various investors. Last round was in December 2020, when it had raised Rs 14.3 crore … Read more

Industrial B2B startup Moglix’s valuation tops $2.6 bn with $250 mn funding

Moglix, the industrial business-to-business startup for manufacturing, has raised $250 million in its latest Series F funding round, at a valuation of $2.6 billion. This investment was led by Tiger Global and Alpha Wave Global with Hong Kong based-investment firm Ward Ferry coming on board as a new investor.   In 2019, Moglix was the … Read more