Reliance To Acquire German Retailer Metro Cash & Carry’s India Biz For Rs. 4,060 Crore
Reliance is already India’s largest customer-facing retailer, and it’s now looking to grow its presence in the B2B retail segment with a big…
Author: OfficeChai Team
Dotting the i's, crossing the t's.
Bangalore-Based E-Commerce Unicorn Udaan Lays Off 350 Employees
The startup layoffs in India had started off with a trickle in 2022, but they’re now threatening to turn into a deluge. B2B…
Weeks After Laying Off 2,500 Employees, Byju’s Signs Lionel Messi As Brand Ambassador
Byju’s might have fired thousands of employees, been under the scrutiny of elected MPs, and have its financial statements be questioned, but it…
Chennai-Based Payments Unicorn Chargebee Lays Off 142 Employees
If 2021 was the year of creation of startup unicorns — a record 42 startups were minted that year — 2022 is turning…
Byju’s To Not Shut Down Kerala Office Or Fire Employees After State Govt’s Intervention
Hiring and firing decisions are usually made by looking at unit economics, analyzing broad macroeconomic conditions, or studying the funding environment, but in…
BITS Pilani To Let Students Take A Year Off To Build Their Startups
There’s no shortage of examples of entrepreneurs who dropped out of college and built great companies — Microsoft’s Bill Gates, Facebook’s Mark Zuckerberg…
Nykaa Founder Falguni Nayar Loses Rs. 8,300 Crore In 15 Days As Stock Price Plummets
The stock markets giveth, and the stock markets taketh away. Nykaa founder and CEO Falguni Nayar has lost an astonishing $1 billion over…
BoAt Becomes The Latest Indian Startup To Withdraw Its IPO Plans
With listed startups being battered at the stock markets, the ones that were planning to go public seem to be developing cold feet….
Parag Agrawal Gets Fired As Twitter CEO, But Will Receive Rs. 350 Crore As Compensation
The list of Indians leading global tech companies has only seemed to grow larger in recent years, but it’s now shrunk — and…