A look at this week's startup deals: Zerodha, BigBasket, BYJU's, mPokket were in news

Online grocery delivery firm BigBasket posted its loss, mPokket updated its target to disburse Rs 8,000 crore, and Reloy raised Rs 7.2 crore from investors to expand its business.

ZeeBiz.com has curated a list of top deals this week featuring BYJU's, Reloy, mPokket, Zerodha, among others. Source: Unsplash

Startup space remained action-packed this week with a slew of firms raising funds while a few others starting potential acquisitions and merger talks. Meanwhile, online grocery delivery firm BigBasket posted its loss, mPokket updated its target to disburse Rs 8,000 crore, and Reloy raised Rs 7.2 crore from investors to expand its business.

ZeeBiz.com has curated a list of top deals this week featuring BYJU's, Reloy, mPokket, Zerodha, among others.

While founders will be blamed, VC firms equally responsible for corporate governance issues: Zerodha's Kamath

The cases of corporate misgovernance are rising in the Indian start-up ecosystem, the third-largest in the world. The turbulence at ed-tech startup BYJU's is the latest example of it. Last week, the country's corporate affairs ministry ordered an inspection of ed-tech startup Byju's after it took cognizance of various corporate lapses by the company, according to a media report. Read More

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BigBasket loss widens to Rs 1,535 crore in 2022-23

Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, has posted widening of loss to Rs 1,535 crore for 2022-23, according to details shared by Tofler. Read More

BYJU'S close to profitability, expect to resolve loan issue without court's intervention: CEO

Edtech major BYJU'S is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future. Read More

mPokket aims to disburse Rs 8,000 crore in 2023

Digital lending platform mPokket on Thursday said it targets to disburse Rs 8,000 crore, targeting 30 lakh borrowers in 2023, and also double its customer base in the upcoming years. Read More

Reloy gets Rs 7.2 crore in pre-series A2 round

HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business. Read More

Chinese billionaire Jack Ma in Nepal, likely to meet Prachanda

Chinese billionaire Jack Ma, who landed in Nepal on Tuesday on a private visit, is likely to meet Prime Minister Pushpa Kamal Dahal ‘Prachanda', according to media reports. Jack Ma arrived at the Tribhuvan International Airport on Tuesday, according to sources at the Immigration Department. Read More

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