Another jolt to edtech as great layoff continues, Toppr fires 300; Bain-backed Baxi Ports to file draft papers ahead of $300 mn IPO; Shubham Housing and Arzoo raise funds

[VCCircle](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) Thursday, 30 June, 2022 [Unlock Premium](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [twitter](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [linkedin](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [facebook](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [you tube](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) 3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0= [Byju’s fires Toppr staff to cut costs, integrate units](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) TMT [Byju’s fires Toppr staff to cut costs, integrate units](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) Edtech decacorn Byju’s has asked around 300 employees to resign, as it finds ways to cut costs and streamline its proce... [Shubham Housing Development Finance raises $112 mn from BII, others] Venture Capital [Shubham Housing Development Finance raises $112 mn from BII, others](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [Retail tech platform Arzooo raises Series B funding from Japan’s SBI, others] CONSUMER [Retail tech platform Arzooo raises Series B funding from Japan’s SBI, others](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [EV startup Turno raises funding led by Stellaris, Avaana Capital] TMT [EV startup Turno raises funding led by Stellaris, Avaana Capital](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [Bain Capital-backed logistics firm set to file for over $300 mn IPO] Private Equity [Bain Capital-backed logistics firm set to file for over $300 mn IPO](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) 3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0= Venture Capital [Matrix Partners leads funding in SaaS platform Sourcewiz](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) Venture Capital [EV startup Turno raises funding led by Stellaris, Avaana Capital](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) Markets [Markets open on a weak note, Nifty down around 0.5%](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) FINANCE [The bright spots of the Indian insurance over next decade](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) Private Equity [Razorpay elevates co-founder, ropes in Amazon exec as new CTO](3D/eyJzdWJsaXN0aWQiOiIzNDU3NTAiLCJlbWFpbGlkIjoidHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tIiwiZmlyc3RfbmFtZSI6IlRyaXN0cmFtIiwiY29tcGFueSI6IjEwMDE2Iiwiam9idGl0bGUiOiIxMDAxNiIsIm1vYmlsZSI6IjE3OTMxNTE2MjMwIiwicGhvbmUtbW9iaWxlIjoiIiwicGhvbmUtbW9iaWxlMiI6IiIsInBob25lLW90aGVyIjoiIiwicGhvbmUtd29yayI6IiIsInBob25lLXdvcmsyIjoiIiwiY2l0eSI6Ik5ldyBZb3JrIiwiY291bnRyeSI6IlVuaXRlZCBTdGF0ZXMiLCJsYXN0X25hbWUiOiJCYWxkd2luIiwicGhvbmUtaG9tZSI6IjE3OTMxNTE2MjMwIiwiZGVzaWduYXRpb24iOiIiLCJpbmR1c3RyeSI6IiIsInN0YXRlIjoiIn0=) [» MORE 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