Byju's crisis ⚠️, Infosys 🤝🏻 Danske Bank

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Tech Updates

• Byju’s promises to file FY21-22 financial results by September

• Byju's crisis plays up digital lenders’ asset quality problem

• Infosys enters into a strategic partnership with Danske Bank

• Go First lenders approve Rs 450 crore interim funding

• Volvo Cars India aims to go fully electric ahead of the 2030 global target

• Foxconn pings other business houses as Vedanta chip Joint Venture stalls

• Accenture signs up $100 mn Generative AI projects in 4 months

• Golden Sparrow launches India-focused VC Fund

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Funding Deals

• Mumbai-based Mainstreet Marketplace, a platform for sneakerheads to buy and resell shoes, has closed a $2 million (around Rs 16 crore) seed funding round from a clutch of investors.

  Participants in the round include Zomato CEO Deepinder Goyal’s First Lap LLP, Zerodha cofounder Nikhil Kamath and Abhijeet Pai’s venture fund Gruhas Proptech, Udaan co-founder Sujeet Kumar, Spotify India MD Amarjit Singh Batra, and several other angel investors and social media influencers.

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Tweet of the day🐥

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“ They laugh at me because I'm different. I laugh at them because they're all the same.”

- Kurt Cobain

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