Oyo subsidiary gets NCLAT reprieve in bankruptcy case

NCLAT has ordered a stay on the formation of the committee of creditors in the bankruptcy proceedings Oyo Hotels & Homes Pvt. Ltd., the subsidiary of Oyo's parent Oravel Stays.

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Chryscap invests $50 million in WOW Skin Science for 35% stake

The deal, a mix of primary and secondary transactions, values WOW Skin Science at Rs 900 crore for its India and rest of the world business, excluding US and EU.

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Amazon says it created 3 lakh new jobs in India in a year

Amazon said it also enabled exports worth $1 billion from India over the past 12 months, bringing the total cumulative exports from India to $3 billion now.

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Spinny gets $65 million funding at a valuation of $350 million

Spinny, with its 900 employees, currently operates in nine cities and plans to expand to six more in 2021. It sells used cars in the Rs 4-8 lakh price bracket.

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ShareChat valuation jumps to $2.1 billion with $502 million fundraise

The social media platform - which has close to 160 million monthly active users is available in 15 local languages including Tamil, Malayalam, Bengali and Assamese.

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Twitter held discussions for $4 billion takeover of Clubhouse

Chief Executive Officer Jack Dorsey is bullish on the potential for audio as a new way for people to interact on Twitter, and the company has long bet on live content through partnership deals and acquisitions.

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Haryana shuns, Karnataka funds

In today's ETtech Morning Dispatch newsletter: Gurugram could soon face a mass startup exodus due to a recent policy while Karnataka could setup a Rs 100 crore startup fund. Also, Groww is the latest member to India's startup unicorn club.

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