Unicorns
BYJU’s acquired Toppr for $150m last year.
Taiwan central bank working on digital currency, no timetable on rollout yet
Toppr lays off India staff, while parent BYJU'S is reportedly looking at $1b US acquisition
China's top home developer Vanke says property market has bottomed
Hyundai Oilbank makes third listing attempt, gains preliminary nod for IPO
Czech firm PPF seeks to divest consumer lending biz Home Credit in China
More Stories
[Updated] Bangladesh B2B startup ShopUp nets $65m in Series B4 funding
SG’s Panthera Growth Partners secures first close of $250m Fund 2
Ascend Vietnam Ventures closes debut fund at over $50m
Vietnam’s Loship said to seek debt financing amid harsh equity funding climate
Betting big on SEA, Belgium’s AvH opens first international office in Singapore
Venture Capital
ADB and existing investor Premji Invest co-led the round.
Tony Xu, the founder of Doordash has also invested in the current round, making Arzooo his first India investment.
Analysis
The number of deals almost doubled YoY to 26 in the Jan-June period.
Google participated in the latest round, which valued the startup at $600m.
People
WhiteHatJr has handed the pink slip to around 300 employees.
Krishna Vedati will be President of Global Growth and Strategic Initiatives.
BII has invested in more than 17 companies in the country including Eruditus, and Licious.
Deals
The funds are managed by Gateway Capital, Dignari Capital Partners, and Edelweiss Alternative Asset Advisors.
The development comes less than a month after the company raised $50m as part of its Series C.
