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Business
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Fresh twist in the BharatPe-Centrum rift over Unity SFB’s warrants
The Rs 900 crore capital fight with BharatPe over the small finance bank could leave Centrum’s investors holding the loss.
Business
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Ola’s cab business is running out of road
As Rapido and Uber pull ahead, falling traction and mounting financial stress leave Ola with few options.
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Internet
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A unicorn tag for the Dubai fintech Fasset
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.

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Internet
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VCs put $86 million into FirstClub. But is it venture fundable?
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.

Middle East

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Cracking the India-Middle East corridor
Vish Narain of Pulsar Capital on spotting real synergies between India and the Gulf, and why many entrepreneurs read the market wrong.
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Internet
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Cracking the India-Middle East corridor
Vish Narain of Pulsar Capital on spotting real synergies between India and the Gulf, and why many entrepreneurs read the market wrong.

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Chaos
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UAE cuts economic ties with Iran as tensions flare up again
Fresh attacks in the country appear to have triggered another escalation in the Mideast conflict; Saudi Arabia wants tighter oversight on UAE transfers; and other important updates.

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Startups

Internet
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VCs put $86 million into FirstClub. But is it venture fundable?
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.

Education Technology

Internet
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Allen Career Institute is in flux and nowhere close to an IPO
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.

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State of Unicorns

State of the Unicorns
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How ShopClues faded without a fight

The fall of this e-commerce giant within a decade of its launch was marked by blind optimism, a total disregard for customers and a massive failure to read the tea leaves.

Conglomerates

Chaos
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UAE cuts economic ties with Iran as tensions flare up again
Fresh attacks in the country appear to have triggered another escalation in the Mideast conflict; Saudi Arabia wants tighter oversight on UAE transfers; and other important updates.

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