#StartupWithMC | According to an email sent to its employees, Byju's founder Raveendran revealed that the company had transferred a portion of its funding overseas to finance various international acquisitions over the past year.

Here's more on why the ED raided the edtech's offices in Bengaluru👇
bit.ly/3Nq8lwj

#StartupWithMC | The board of Byjus, the world's most-valued edtech startup, has approved the IPO of Aakash Educational Services, postponing the previously planned 2023 IPO & aiming to take it public by mid-next year.

Know more about the listing plans 👇
https://bit.ly/3oPagAM

#StartupWithMC: Anil Goteti, Flipkart’s former senior vice president, has launched a new travel credit card startup called Scapia.

Read more about it 👇
https://t.ly/EYDF

#StartupWithMC | Lightspeed-backed edtech startup FrontRow shut down its operations on June 30, 2023. The company had been considering a sale or even a shutdown in the worst-case scenario, but was unable to find a buyer.

Mansi Verma reports👇
bit.ly/3D5LW0V

#StartupWithMC: Fintech startups like PhonePe and Jar have introduced digital lending services and increasingly more and more fintech startups are jumping on the digital lending bandwagon.

Read here 👇
http://bitly.ws/Lewz

#StartupWithMC | Union Minister #RajeevChandrasekhar has stated that the industry has proposed to extend the Future Design Linked Incentive Scheme to encompass large Indian and foreign companies.

Know what he said 💁‍♂️
https://www.moneycontrol.com/news/business/startup/india-could-extend-chip-design-scheme-beyond-startups-to-include-big-enterprises-rajeev-chandrasekhar-11057721.html?utm_source=telegram&utm_medium=social

#StartupWithMC | India's top banks & NBFCs are entering the EV financing business, especially the two-wheeler segment.

Here's why👇
https://www.moneycontrol.com/news/business/startup/top-banks-and-nbfcs-eye-electric-two-wheeler-financing-as-prices-set-to-soar-11184781.html?utm_source=telegram&utm_medium=social

#StartupWithMC | Byju's founders, top executives, and advisory council updated investors on Term Loan B negotiations, audited results, and other issues

Chandra R Srikanth reports👇
https://www.moneycontrol.com/news/business/startup/byjus-holds-call-with-over-100-investor-representatives-on-audited-results-term-loan-b-11187991.html?utm_source=telegram&utm_medium=social

#StartupWithMC | Fintech major PhonePe, which recently launched its stockbroking app called "Share. Market", is targeting the growing participation of retail investors in India.

Bhavya Dilipkumar & Anand J report👇
https://www.moneycontrol.com/news/business/startup/phonepes-share-market-aims-squarely-at-retail-investors-says-co-founder-rahul-chari-11289221.html?utm_source=telegram&utm_medium=social

#StartupWithMC | Mamaearth derives more than half of its revenue from tier 2 and lower cities, according to Co-founder and CEO Varun Alagh.

Mansi Verma reports👇
https://www.moneycontrol.com/news/business/startup/tier-2-and-lower-cities-contribute-majority-of-mamaearths-revenue-ceo-varun-alagh-11298861.html?utm_source=telegram&utm_medium=social