"sequoia-capital"

The Commerce Department on Friday added facial recognition company DeepGlint (also known as Beijing Geling Shentong Information Technology Co, Ltd) in its entity list, which restrict US firms from doing business

The company will deploy these funds to enhance its services and expand the brand's presence across existing geographies.

Launched in 2015, Byju's has over 80 million students cumulatively learning from the app, 5.5 million annual paid subscriptions, and an annual renewal rate of 86 per cent.

With this, Razorpay that became a unicorn in October last year has tripled its valuation in under six months.

The development comes after the latest fund raise of Rs 54 crore or $7.31 million from Hindustan Media Ventures Ltd.

This latest capital infusion comes shortly after the company's $21 million Series C round in July 2020, bringing the total equity capital raised by the company to $193 million.