Byju’s valuation tops $15 billion after over $1-billion funding

Byju’s, India’s most valued edtech startup, has raised $1.51 billion in three tranches of Series F funding round. The capital raised is likely to be used for inorganic growth by way of acquisitions.

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Amazon-backed Acko concludes first ESOP liquidity programme

Acko employees who have completed three years at the organisation were given the option to liquidate 40%-100% of their vested employee stock ownership plans (ESOPs).

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Delhi HC defers hearing in WhatsApp privacy policy case to Tuesday

WhatsApp and Facebook have challenged in the Delhi High Court Competition Commission of India’s directive to launch an investigation into the messaging app’s contentious privacy policy update.

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AdaniKart

Flipkart has roped in the Adani Group to enhance its supply chain infrastructure and set up its third data centre in the country.

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Nykaa Fashion acquires Pipa Bella to strengthen jewellery category

The Nykaa-Pipa Bella deal comes at a time when India’s largest online cosmetics retailer is lining up an IPO some time this year at a valuation of $3.5 billion.

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Microsoft to acquire AI firm Nuance in $19.7-billion deal

The Microsoft-Nuance deal comes as both technology companies gain from a boom in telehealth services as medical consultations shifted online due to the Covid-19 pandemic.

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Software maker UiPath aims for nearly $26 billion valuation in US IPO

UiPath, a New York-based robotic process automation startup, plans to sell 21.3 million shares at $43-$50 apiece in the IPO, raising about $1.06 billion.

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