Daily Startup News 

Edtech giant Byju's experiences a substantial valuation cut by investment firm BlackRock, lowering its worth by 62% to around $8.4 billion. This development follows previous valuation cuts and highlights the challenges faced by prominent startups like Ola, Swiggy, Pharmeasy, and Pine Labs. Learn more about the impact of BlackRock's decision on Byju's and the ongoing shifts in the startup landscape.

Google has secured a significant cloud contract with Runway, an AI startup specializing in generative technology. The multi-million-dollar deal will provide Runway with extensive cloud services and credits, bolstering its transformative image and video capabilities. This partnership highlights the growing trend of cloud companies investing in AI startups and offering substantial cloud credits to fuel innovation.

Scaler, the leading edtech startup, has acquired Delhi-based education platform Pepcoding in a strategic move to enhance its business operations. This acquisition is expected to drive growth across various units and improve the learner experience. Scaler's impressive portfolio includes previous acquisitions of AppliedRoots, Coding Minutes, and Coding Elements.

Wipro Consumer Care Ventures has acquired an additional stake in LetsShave, a Chandigarh-based personal care company, supporting its international expansion plans. Discover more about LetsShave's product portfolio and its strategic partnerships with global industry leaders.

PhonePe, India's leading payments giant, achieves a milestone by linking 200,000 RuPay credit cards to the NPCI-developed UPI. Discover how PhonePe aims to promote RuPay Credit on UPI and its widespread acceptance across 12 million merchant outlets.

Mumbai-based consumer appliance brand Atomberg Technology secures $86 million in Series C funding, with participation from Temasek, Steadview Capital, and other investors. Discover how the raised capital will fuel the company's expansion plans, including manufacturing capabilities, new product launches, and market consolidation.

uFaber, a leading edtech startup, secures $3.02 million in Series A funding from Mastermind JPIN Capital Partners and Gray Matters Capital. Learn how the investment will support uFaber's expansion plans, technology enhancement, and mentorship programs, and discover the comprehensive training offerings provided by the startup.

Uber has collaborated with GeM (government e-marketplace) to provide cab services to government ministries, departments, agencies, and PSUs. Learn about this partnership and the benefits it brings, including fixed prices, zero cancellation charges, and no surge pricing.

PhonePe, India's top fintech startup, has received an additional $100 million investment from General Atlantic, increasing the total funds raised in the current round to $850 million. With plans to utilize the funds for new business ventures, PhonePe aims to strengthen its position as a leading fintech platform in India.

Google DeepMind and YouTube have partnered to transform the way YouTube Shorts are discovered. Through the use of an advanced visual language model, Flamingo, YouTube Shorts will now have captivating and descriptive metadata, enhancing searchability and enabling users to discover engaging Shorts effortlessly.

Ola Electric, backed by Softbank and Tiger Global, is set to list on stock exchanges by the end of 2023. The company has appointed Goldman Sachs and Kotak as managers for the IPO, aiming for a valuation higher than $5 billion.

BharatPe co-founder Ashneer Grover has complied with the Delhi High Court's directive to remove defamatory social media posts. The court had previously instructed both parties to refrain from using unparliamentary language.