PayU

Prosus writes off investment in Byju’s; reports growth in Swiggy, PayU

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Dutch investor Prosus Ventures has written off its $530-million investment in Byju’s, amid a legal standoff between the troubled online tutor and some of its once-enthusiastic institutional backers. Prosus and other investors in Byju’s, including PeakXV Ventures, General Atlantic and Sofina, are fighting a battle to oust Byju Raveendran as the chief executive of the … Read more

Startups, including early-stage, focusing more on fundamentals than growth

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“In the short to medium term, we are seeing businesses pausing growth and even allowing for shrinkage to weed out unsustainable and harmful elements,” said Sheetal Bahl, a partner at Merak Ventures. However, he added that this is not a permanent shift. “Once startups consolidate their positions, they’ll refocus on growth, but in a more … Read more