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JioStar is laying off 1,100 employees as part of a restructuring following the Reliance-Disney India merger, impacting various departments and levels. The company is offering generous severance packages, but employees must serve a notice period of one to three months. Meanwhile, Licious faces growth challenges, and other startups like Swish and Innoviti are securing significant funding to bolster their operations.
One Investment Management, founded by Rajeev Misra, has increased its fund size to $8 billion to enhance its operations and expand its global presence, including new offices in Japan and India. The firm, backed by Abu Dhabi"s Royal Group and Mubadala Investment Co., aims to explore lending and investment opportunities worldwide, primarily focusing on the US and Europe. With a growing team of about 50 professionals, OneIM is actively seeking capital deployment opportunities.
Rajeev Misra’s One Investment Management has increased its fund size to $8 billion, raising over $1 billion this month to enhance its operations. The two-year-old fund is expanding its global presence with new offices planned in New Delhi, alongside existing locations in New York, London, Abu Dhabi, and Tokyo.
Rajeev Misra is stepping down as co-CEO of SoftBank's Vision Fund, marking the end of a challenging period for the world's largest venture capital fund. He played a key role in its establishment in 2017, helping to raise nearly $100 billion from major investors. However, the aggressive investment strategy led to significant losses, highlighted by the failures of companies like WeWork and Zume Pizza.
Rajeev Misra
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
jioStar initiates layoffs amid restructuring following reliance-disney merger
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04:52 07.03.2025
e investment management raises fund size to eight billion dollars
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07:51 19.11.2024
eim fund increases to eight billion to expand global operations
07:16 19.11.2024
rajiv misra steps down as co-ceo of softbank vision fund
10:03 12.11.2024
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