Rwit Ghosh

3 days ago | htsyndication.com | Rwit Ghosh |Mansi Verma

Bengaluru/Mumbai, June 5 -- Founder Gaurav Munjal is expected to hold a larger stake in Airlearn, Unacademy's artificial intelligence (AI)-powered language learning app, than he currently does in the parent company, as he prepares to spin it off into a separate entity, according to two people familiar with the matter. Apart from Munjal's stake, Airlearn is largely expected to mirror the shareholding structure of its parent company.

3 days ago | livemint.com | Rwit Ghosh |Mansi Verma

The move marks a significant pivot for Munjal and co-founder Roman Saini, who are stepping away from Unacademy to lead Airlearn full-time. As part of the ongoing spin-off, Munjal is in discussions with existing investors Peak XV and Nexus Venture Partners for additional capital, the people added.

2 weeks ago | livemint.com | Rwit Ghosh |Sneha Shah

Prosus, earlier called Naspers, will focus on payments and food startups, Bloisi said in an interview, adding the investor will adopt a private equity-style model of investing in select companies, moving away from the venture capital model of investing in too many. “India is a very important market for us at Prosus. It is, in fact, our second biggest focus area," said Bloisi, who plans to narrow Prosus's geographical focus to Latin America, Europe and India.

2 months ago | livemint.com | Rwit Ghosh

Healthify anticipates its first profitable quarter in India as it focuses on AI innovations and expands its US presence. The company attributed it to the restructuring in April 2024.