Sai Keerthi

4 weeks ago | yourstory.com | Sai Keerthi |Pranav Balakrishnan

Electric vehicle (EV) ride-hailing app BluSmart will deploy around 300 electric cabs on rival US-based Uber’s platform as part of an experiment amidst mounting trouble at the company, according to a person familiar with the matter. The Morning Context was the first to report on this matter. According to the source, the two companies have been in talks for several months, and the arrangement follows a standard aggregator model, with Uber charging a commission on each ride.

1 month ago | yourstory.com | Sai Keerthi |Pranav Balakrishnan

Several of BluSmart’s senior executives have one foot out the door amidst funding troubles at the EV ride-hailing startup. Top management executives, including BluSmart’s CEO Anirudh Arun, chief business officer Tushar Garg, and chief technology officer Rishabh Sood, have handed in their resignations and are currently serving their respective notice periods, according to a source YourStory spoke to. The Morning Context was the first to report on this matter.

1 month ago | the-captable.com | Sai Keerthi |Nikhil Patwardhan

Key Takeaways India's funding landscape has become more challenging, with longer gaps between Seed, Series A, and Series B rounds, forcing startups to prove revenue potential early Investors are now favouring capital-efficient businesses over heavily-funded ventures, leading to a decline in valuations and more scrutiny on unit economics Exits have become harder due to delayed funding cycles, pushing VCs toward secondary sales and alternative strategies to return capital to their LPs This has...

2 months ago | the-captable.com | Sai Keerthi |Sayan Sen

SoftBank’s latest earnings call was all about AI—its OpenAI partnership, the colossal $500 billion Stargate data centre project, and aggressive AI investments. But one thing was conspicuously absent: India. Despite pouring over $14 billion into its third-largest market over the past decade, India doesn’t feature in SoftBank’s AI vision.

2 months ago | yourstory.com | Sai Keerthi |Sayan Sen

SoftBank Group Corp on Wednesday swung to a loss of 369,165 billion yen ($2.4 billion) in the third quarter of FY24 as shares of some of its top portfolio companies declined sharply during the period. The Japanese investment conglomerate, led by Masayoshi Son, made investment gains on its Vision Funds portfolio of 260.8 billion yen ($1.69 billion).