Klub, India’s leading Revenue Based Financing platform, has announced today that it has funded BeYoung, an e-commerce fashion brand for men & women. The company sanctioned a capital of INR 40 crores to BeYoung which will be used for rapid expansion of 100+ offline stores in tier 2 and 3 cities across the country in 2023. …
Homegrown microblogging site Koo has laid off almost a third of its employees in the last year. The company which is touted as a Twitter rival said it has let go of 30% of its 260-strong workforce over the course of the year. “Like most startups Koo also built in a workforce to account for …
In a recent interaction with the Thinkers Forum in Karnataka, the Finance Minister highlighted the pressing need for a global consensus in regulating digital or crypto currency. With the growing popularity and use of cryptocurrencies, the Finance Minister stressed on the importance of creating an effective regulatory framework that ensures transparency, security, and stability in …
Ankiti Bose, the former CEO and cofounder of Zilingo, a Singapore-based fashion e-commerce startup, has filed a $100 million defamation lawsuit against high-profile angel investor and Seedfund cofounder Mahesh Murthy. The lawsuit was filed over an article authored by Murthy in the March 1st issue of Outlook Business magazine, which sources say is a continuation …
Swiggy, India’s leading food delivery company, is expanding into ecommerce with its latest venture, Maxx. The company is piloting one-hour delivery of various products in select areas of Bengaluru, with categories ranging from toys and electronics to home and kitchen essentials. Maxx plans to expand its offerings to include beauty and grooming, gardening, furnishing and …