General Atlantic, CPPIB, ADIA in talks to invest $250 million in PharmEasy

The valuation of India’s largest online pharmacy, which has grown aggressively through VC money and 11 acquisitions so far, has dropped and could be at almost half its October 2021 pre-IPO valuation.

from Tech-Economic Times https://ift.tt/Adg2rzE

Tata Cliq to open offline stores to sell beauty products

Rival online beauty product retailers Nykaa and NewU have already built an offline presence.

from Tech-Economic Times https://ift.tt/UFBVxgi

Byju’s audited revenue may be lower than projected

The board has approved the results, but the financials have not yet been shared with all investors, said two people in the know. It will be filed with the Registrar of Companies subsequently, they said.

from Tech-Economic Times https://ift.tt/fx31CUD

ED unfreezes WazirX bank accounts; crypto exchange says will resume banking ops

In August, the agency said it had conducted searches on one of the directors of M/s Zanmai Lab Pvt Ltd, which operates WazirX and had issued a freezing order to freeze their bank balances to the tune of Rs. 64.67 crores.

from Tech-Economic Times https://ift.tt/hnBLTGs

Mensa Brands acquires MyFitness, to make it Rs 1,000 cr brand

MyFitness is the first to launch a chocolate variant of Peanut Butter in India and the world's first crispy Peanut Butter. It is also the official snacking partner of IPL teams, Punjab Kings and Delhi Capitals.

from Tech-Economic Times https://ift.tt/wV6kBDO

Route Mobile targets twin acquisitions by end-FY23 to grow digital security business

“As digital adoption, especially for banking and payments increases, so does the risk of digital fraud….we as communication platform service providers want to solve the security issue when it comes to digital transactions,” Route Mobile’s group chief executive Rajdip Gupta told ET.

from Tech-Economic Times https://ift.tt/1qhRI9Y

Biden to hit China with broader curbs on US chip and tool exports

Turning the letters into rules would broaden their reach and could subject other U S companies producing similar technology to the restrictions. The regulations could potentially apply to companies trying to challenge Nvidia and AMD's dominance in artificial intelligence chips.

from Tech-Economic Times https://ift.tt/6mRxnuh