Sequoia Capital splits, India business rebrands as Peak XV Partners

Mumbai: Sequoia India & Southeast Asia, a prominent venture capital firm, has undergone a rebranding and is now known as Peak VX Partners, media reports said.

Troubled fashion tech startup Zilingo enters liquidation

Singapore-based fashion tech company Zilingo Pte is going to enter liquidation in the wake of complaints of financial irregularities that was followed by the termination of its high-profile CEO Ankiti Bose, Bloomberg reported.

GoMechanic to lay off 70 pc staff after founders admit accounting irregularities

Sequoia-backed car repair startup GoMechanic is going to lay off 70 percent staff after founder Amit Bhasin admitted to financial reporting errors, adding that the cash-strapped company will also have its accounts audited by a third party.