Thursday, April 6, 2023

Scoop: Dunzo secures $75M via convertible notes, fires 30% staff; Tim Cook may visit India as Apple opens first company-owned store

Reliance Retail-backed quick commerce startup Dunzo has secured funding of $75 million through convertible notes. It is also laying off about 30% of employees in addition to planning a shift in the business model.

from Tech-Economic Times https://ift.tt/oBg3Xdw

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Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fun...