NEW DELHI — In a major secondary market transaction that highlights the shifting dynamics between venture capital liquidity needs and public market performance, early backer Peak XV Partners has significantly pared down its holdings in prominent coworking space provider Awfis Space Solutions. The venture capital giant offloaded 12.2 lakh shares in a bulk deal valued […]
Amazon Trims Workforce Amidst Prime Big Deal Days: A Strategic Realignment or Lingering Pandemic Hangover?
Introduction: A Somber Milestone During a Retail High In a move that highlights the ongoing volatility of the post-pandemic tech landscape, Amazon confirmed on Wednesday that it has initiated a new round of layoffs. The cuts, which primarily affect the company’s massive Stores division—the operational backbone of its global e-commerce engine—arrived with striking irony. The […]
Accel Trims Stake in Logistics Giant BlackBuck in INR 155.5 Cr Open-Market Block Deal; Abakkus Acquires Shares
NEW DELHI — In a significant secondary-market transaction highlighting the growing maturation and profitability of India’s B2B logistics tech ecosystem, venture capital major Accel has offloaded a portion of its early-backed investment in digital freight platform BlackBuck. Accel India, acting through its affiliate entity Accel India IV (Mauritius), successfully divested 27 lakh equity shares of […]