The Arc @thearc_hq
Essential news, incisive analysis, and data-led insights about influential tech companies in India. Sign up - https://t.co/PYLzyncR3a thearcweb.com Bengaluru Joined January 2023-
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📣 Deal in the works: IFC to pick up $35-mn stake in iBus iBus provides internet connectivity services to tech parks, hotels and malls. Earlier, the National Investment and Infrastructure Fund had bought a stake of almost 60% in the company for $200 mn. thearcweb.com/article/ifc-wo…
FirstCry now gets over 12% of its revenues from the Middle East The average order value (AOV) comparison International biz - Rs 8,613 India biz - Rs 2,228 thearcweb.com/article/firstc…
🚨🚨More bad news at Paytm Paytm has seen the volume & value of transactions going through its digital wallet plunge by 70% @thearc_hq reports thearcweb.com/article/paytms…
⚠️ CEO exit and layoffs at Ola Hemant Bakshi has resigned as the CEO after a 4-month stint. Founder Bhavish Aggarwal will have to step in while preparing for group firm Ola Electric’s IPO. Ola (ANI) is likely to cut 200 jobs under a restructuring plan. thearcweb.com/article/ola-ca…
🚨 Accel has sold shares worth over $300 mn in Freshworks over the last 12 months The VC firm had not sold any shares during the IPO in 2021 Accel still holds over 13% stake in the Nasdaq-listed company, making this a potential billion-dollar exit 💰 thearcweb.com/article/accel-…
🚨 Sebi has asked FirstCry to refile its IPO papers The SoftBank-backed company was targeting a listing by May end Now it is likely to get pushed to July thearcweb.com/article/sebi-f…
🚨 Prosus has elevated Ashutosh Sharma to lead deals across early and growth stages in India and Southeast Asia Sharma now also reports to Ervin Tu, the interim CEO of Prosus Prosus has invested $7 bn in India thearcweb.com/article/prosus…
🚨🚨 Despite all the controversies, lawsuits, and turmoil, Bharatpe had a fairly decent FY24. The company recorded revenues of about Rs 1,370 crore with a reduced loss of Rs 270 crore in FY24: sources This is a significant improvement from FY23, when it reported revenues of Rs…
💰 Premji Invest has a global portfolio of $4 billion, mostly in the US 🇺🇸 Google, Amazon, Microsoft are the stocks Wipro billionaire Azim Premji's family office owns 💻 AI startups are high on its radar with recent bets like Cohesity, Hippocratic AI 🌎 thearcweb.com/article/wipro-…
🚨 Exclusive: BharatPe's revenue growth slowed to 16%, reaching Rs 1,370 crore in FY24. Growth in the previous year was over 100%. But it has been able to reduce losses by 70% to Rs 270 crore, as per preliminary numbers obtained by @thearc_hq thearcweb.com/article/fundra…
🚨 PhonePe's shopping app Pincode is looking beyond ONDC Pincode plans to roll out a seller-side application for grocery, a move to build its own supply of merchants 🏬 It continues to be on ONDC for food delivery 🍔 thearcweb.com/article/phonep…
📳Truecaller will pay $54 million in dividends to its shareholders this year This comes after it spent $86 million on share buybacks over the last 18 months 💰 thearcweb.com/article/trueca…
Premji Invest - the family office of Wipro’s owner Azim Premji - has quietly crossed $14 bn in assets 💰 Over $10 bn, if one goes by conservative estimates. That’s big enough to rank it among India's top 15 mutual funds 🧮 @thearc_hq deep dive 👇 thearcweb.com/article/wipro-…
🚨 US-based WeWork Inc is selling its 27% stake in its India joint venture after filing for bankruptcy WeWork India valuation - about $500 million WeWork US market cap - $6.4 million (post-bankruptcy filing) As @thearc_hq first reported last year
🚨🚨Bankrupt #WeWork is selling its 27% stake in India biz for about $85-90 mn The valuation for Wework India is pegged at Rs 4,000-4,500 crore for this transaction. The deal structure is interesting: thearcweb.com/article/embass…
🚨 🚨 A senior executive is leaving Peak XV (formerly Sequoia India), marking the first major leadership exit for Peak XV since the Silicon Valley firm spun off its global operations in China and India last year. Piyush Gupta, the Managing Director responsible for strategic…
🚨 More trouble at Good Glamm Investors of Sirona - a company acquired in 2021 - have sent a legal notice over the partial payment due for their shares 🧑⚖️ Good Glamm is renegotiating the terms with them And also for its other buyouts like Mom's Co thearcweb.com/article/good-g…
🚨NEWSBREAK: Good Glamm gets legal notice from portfolio company Sirona’s investor IAN for non payment of dues thearcweb.com/article/good-g…
🚨 Top-level rejig at Good Glamm Group Sukhleen Aneja, former Reckitt and Unilever exec who joined in 2021, has quit as CEO of the core brands business More CXO exits as well, @AditiS90 has the details 👇 thearcweb.com/article/good-g…
🚨 🚨 All is not well at Good Glamm. Multiple high-profile CXO departures have occurred amid tough restructuring. Meanwhile, partial payouts are due to the founders of acquired businesses. thearcweb.com/article/good-g…
Ravi @tamilravi
10K Followers 2K Following Dravidian. I write mostly in Tamil about Politics in India/Tamil Nadu, Movies, Tech, and life.
Vaitheeswaran B • �.. @vaithee888
888 Followers 2K Following Journalist at @timesofindia covering business & technology. 📽️🌊☸️☕
Gaurav Agarwal @gaurav_a_
79 Followers 176 Following FinStack | We enable credit through SaaS & FI/RE/NBFCs. Imagining Sisyphus happy. LinkedIn is where I act professional - not Twitter :)
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Vikas Lohchab @TheVikasLohchab
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1 Followers 49 Following #Wealth earned with humility stays 4 centuries! Occupied in Compounding. #NoHurry #MamoothBullMarketIsAwaiting! Presently on #Pharma #Banking
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Aditi Shrivastava @AditiS90
12K Followers 473 Following Cofounder @thearc_hq | 0-1 at The CapTable & Stellaris VP | Economic Times & Reuters https://t.co/N4V5VcEXZp
Madhav Chanchani @madhavchanchani
14K Followers 2K Following Building @thearc_hq - covering India's top new-age companies 🇮🇳 🚀 Previously at The Economic Times, VCCircle, YourStory (The CapTable) DMs open🚨🚨More bad news at Paytm Paytm has seen the volume & value of transactions going through its digital wallet plunge by 70% @thearc_hq reports thearcweb.com/article/paytms…
🚨 Accel has sold shares worth over $300 mn in Freshworks over the last 12 months The VC firm had not sold any shares during the IPO in 2021 Accel still holds over 13% stake in the Nasdaq-listed company, making this a potential billion-dollar exit 💰 thearcweb.com/article/accel-…
🚨 Prosus has elevated Ashutosh Sharma to lead deals across early and growth stages in India and Southeast Asia Sharma now also reports to Ervin Tu, the interim CEO of Prosus Prosus has invested $7 bn in India thearcweb.com/article/prosus…
🚨🚨 Despite all the controversies, lawsuits, and turmoil, Bharatpe had a fairly decent FY24. The company recorded revenues of about Rs 1,370 crore with a reduced loss of Rs 270 crore in FY24: sources This is a significant improvement from FY23, when it reported revenues of Rs…
thearcweb.com ka big read content bohot hi premium hai. 🥳 Thanks for this. @thearc_hq
🚨 Exclusive: BharatPe's revenue growth slowed to 16%, reaching Rs 1,370 crore in FY24. Growth in the previous year was over 100%. But it has been able to reduce losses by 70% to Rs 270 crore, as per preliminary numbers obtained by @thearc_hq thearcweb.com/article/fundra…
Premji Invest - the family office of Wipro’s owner Azim Premji - has quietly crossed $14 bn in assets 💰 Over $10 bn, if one goes by conservative estimates. That’s big enough to rank it among India's top 15 mutual funds 🧮 @thearc_hq deep dive 👇 thearcweb.com/article/wipro-…
🚨 US-based WeWork Inc is selling its 27% stake in its India joint venture after filing for bankruptcy WeWork India valuation - about $500 million WeWork US market cap - $6.4 million (post-bankruptcy filing) As @thearc_hq first reported last year
🚨 🚨 A senior executive is leaving Peak XV (formerly Sequoia India), marking the first major leadership exit for Peak XV since the Silicon Valley firm spun off its global operations in China and India last year. Piyush Gupta, the Managing Director responsible for strategic…
🚨 More trouble at Good Glamm Investors of Sirona - a company acquired in 2021 - have sent a legal notice over the partial payment due for their shares 🧑⚖️ Good Glamm is renegotiating the terms with them And also for its other buyouts like Mom's Co thearcweb.com/article/good-g…
🚨NEWSBREAK: Good Glamm gets legal notice from portfolio company Sirona’s investor IAN for non payment of dues thearcweb.com/article/good-g…
🚨 Top-level rejig at Good Glamm Group Sukhleen Aneja, former Reckitt and Unilever exec who joined in 2021, has quit as CEO of the core brands business More CXO exits as well, @AditiS90 has the details 👇 thearcweb.com/article/good-g…
🚨 🚨 All is not well at Good Glamm. Multiple high-profile CXO departures have occurred amid tough restructuring. Meanwhile, partial payouts are due to the founders of acquired businesses. thearcweb.com/article/good-g…
🚨🚨 Exclusive: Wearable device maker Boat's revenue fell 20% in the December quarter As a result, profitability took a hit. thearcweb.com/article/aman-g… #SharkTankIndia #boatlifestyle
🚨🚨 ShareChat which also owns Moj has raised $49 million in a convertible debt round from existing investors. Sources tell @thearc_hq that investors participating in the round will receive "senior liquidation preference" rights thearcweb.com/article/sharec… #sharechat #funding
🚨 Byju's India CEO Arjun Mohan quits after six months Mohan oversaw a few rounds of restructuring as the company cut costs and undertook layoffs Now, founder Byju Raveendran to take over operations amid fresh rejig thearcweb.com/article/byju-r…
🚨 Postman has acquired Orbit, an Andreessen Horowitz-backed startup Coatue is a common investor between the two companies Postman wants to build a community play with this deal thearcweb.com/article/postma…
🚨☕️ Blue Tokai is raising $40 mn at a valuation of $160 mn. Third Wave was last valued at $151 mn Already committed to the round is Rakesh Kapoor's fund, 12 Flags Group. Kapoor's investment is largely a secondary deal. More primary capital to follow. thearcweb.com/article/blue-t…
🚨 Zomato and Tata Digital-backed Curefit has a new CEO Naresh Krishnaswamy - who has worked with founder Mukesh Bansal at Myntra - made the CEO Shamik Sharma - who was also on the board of Curefit - left in January this year thearcweb.com/article/curefi…
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