BYJU's breaks salary delay; pays up after 2 months’ hold
Despite its efforts, BYJU's has not yet received approval to access the funds from the rights issue, attributing the delay to actions taken by four of its investors
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PhonePe's account aggregator services to allow sharing of financial data
PhonePe has launched a mini-app on its payments app; feature to be helpful while applying for loans, buying new insurance, getting investment advice
PhonePe gets another funding boost worth $100 mn from General Atlantic
With the latest primary infusion, PhonePe has now raised a total of $850 million of primary capital in the current round
Ajay Banga becomes 1st Indian-American to head World Bank
Banga to head the World Bank for five years; takes charge at a time when the world faces the critical task of reducing global poverty and climate change
PhonePe raises another $100 mn from General Atlantic at $12 bn valuation
The current investment comes three months after General Atlantic infused three $350 million in the Indian fintech startup.
Who’s Ajay Banga? Indian-American nominated by US Prez to lead World Bank
Joe Biden says Banga has a proven track record of managing people and systems, and partnering with global leaders around the world to deliver results
PhonePe lands $350 million in funding at $12 billion valuation
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.
Why Covid-19 hasn’t hit Jio’s fundraising prospects
It is difficult for investors to find too many companies in which they can confidently invest at present. Jio is an exception since it offers exactly what a post-Covid world may need.
Unacademy raises $110 mn from Facebook, others
The Bengaluru-based edtech company will utilise the funds to launch new test preparation and examination categories, create new learning content and product.
