HealthTech Startup MFine Lays Off More Than 500 Employees After Reportedly Running Short Of Funds
What had begun as a trickle of layoffs in India’s startup ecosystem is quickly turning into a deluge. Health-tech startup MFine has laid…
Author: OfficeChai Team
Dotting the i's, crossing the t's.
Zilingo Fires Cofounder & CEO Ankiti Bose Over “Serious Financial Irregularities”
It’s not just employees who’re being laid off from startups in recent weeks — founders too are feeling the heat. Fashion platform Zilingo…
Vedantu Lays Off 424 Employees, Cars24 Fires 600
India’s two-year-long startup party appears to finally be coming to an end — and the hangovers aren’t looking pretty. Two startups which were…
Sachin Bansal’s Bid To Acquire A Banking Licence Declined By RBI
There’s many things that money can buy, but in India, a banking licence isn’t one of them. Flipkart co-founder Sachin Bansal’s bid to…
Paytm Mall’s Valuation Has Fallen From Rs. 21,000 Crore To Rs. 100 Crore In 3 Years
While wins in high-stakes business moves can often yield some eye-popping results, the failures can be just as dramatic. Paytm Mall’s valuation has…
Adani Group Acquires Ambuja Cements & ACC, Becomes India’s 2nd Largest Cement Maker
While new-age entrepreneurs might be focused on tech startups, web3, and dogecoin, India’s richest man continues to bet big on traditional businesses. The…
Reliance To Acquire “Dozens” Of Consumer Brands In Next 6 Months, Will Take On Unilever, Nestle: Report
Towards the end of the last decade, Reliance had gone on a startup acquisition spree — it had acquired NowFloats, Haptik, Saavn, Embibe…
Swiggy Acquires Restaurant Booking Platform Dineout In Estimated $200 Million Deal
Swiggy has finally followed Zomato into the physical dining space. Swiggy has announced that it is acquiring Times Internet-owned Dineout. While the terms…
Ola Electric’s CTO And CMO Have Quit Within Days Of Each Other
Even as customer complaints mount over Ola’s much-hyped scooter, its management team seems to be making a beeline for the exit. Ola Electric’s…