Founded by Prashanth Vijay and Tamesh Sharma, Funstop Games claimed its games have seen over 50 million downloads and contributed over $4 million in revenues.
Info Edge had pumped Rs 288 crore into 4B Networks, including Rs 276 crore as equity and Rs 12 crore in debt. The company announced in the Q3 FY23 financial results that it wrote off its investments in 4B Networks due to suspected financial irregularities.
Info Edge: "You can t write off Rs 288 crore; it was a mistake," he told analysts during a conference call after the parent of jobs portal Naukri reported its quarterly results.
6 student teams of Masters’ Union, the new-age business school in Gurugram, raised INR 80 lakhs and received commitments of varying amounts in seed funding after impressing VCs at the Startup Challenge.
50 per cent of founders struggled in raising capital from investors in 2022, Many looking to diversify with alternative financing: says Startup Pulse 2023 Report laosnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laosnews.net Daily Mail and Mail on Sunday newspapers.