Business

In a surprising turn of events, the San Francisco-based fintech startup Tally has announced that it is shutting down operations after attempting but failing to obtain additional funding. Founded in 2015 to help consumers manage and pay down…
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Hospitality unicorn OYO has raised $175 million in a down round led by founder Ritesh Agarwal's Singapore-based investment firm Patient Capital. Existing investors such as J&A Partners and ASK Financial Holdings also participated in the…
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Leading logistics startup Shadowfax, which is backed by e-commerce giant Flipkart, is reportedly gearing up for a huge initial public offering (IPO). According to sources privy to the development, the company is looking to raise between Rs.…
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Funding activity in the Indian startup ecosystem saw a significant decline last week compared to the preceding period, with startups collectively raising $112.9 million across 22 deals between August 5-10. This marks a near 50% drop from…
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Flint Capital has raised $160 million for its latest fund thanks to a unique strategy for finding investors. By tapping tech entrepreneurs who have first-hand knowledge of building promising startups, the Boston-based venture capital firm…
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Reputable HR solutions provider CloudPay has successfully closed a substantial $120 million funding round led by private equity firm Blue Owl Capital. Formed over 25 years ago through the merger of two payroll companies, CloudPay has…
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Digital transformation efforts can be risky, as outdated technologies struggle to keep pace with today's fast changing digital landscape. A new startup called Mechanical Orchard aims to reduce these risks by using artificial intelligence to…
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One of the biggest funding rounds of the year was secured this week by Anduril Industries, an innovative defense technology company looking to disrupt the status quo. The Palmer Luckey-founded startup raked in $1.5 billion in its latest…
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An innovative electric motor company has raised a significant round of funding as it aims to transform aerospace and marine transportation. H3X announced it has secured $20 million to further develop and commercialize its new line of…
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As any data-driven organization knows, making effective use of data can be a challenge. Even teams with analytics capabilities often struggle to fully leverage their information. According to a recent survey, under half of data leaders say…
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