In the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa

Internet of Things

It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for Gen Zs, for fraud. Earlier…

Byju’s CFO quits in seven months

Cyber Attacks

Ajay Goel, who joined Byju’s as CFO in April this year, has already quit the edtech giant, the two said Tuesday. Goel will leave the firm after “completing the audit formalities” for the financial year ending March 2022 and return to mining conglomerate Vedanta, Byju’s said. Byju’s said it has appointed industry veteran Pradip Kanakia…