Paytm Has Laid Off 1000 Employees Across Divisions
2023 has been a forgettable year for India’s startup ecosystem, and it continues to bring in bad news until the very end. Paytm…
Author: OfficeChai Team
Dotting the i's, crossing the t's.
IIT Bombay’s 1998 Batch Donates Record Rs. 57 Crore To Institute
IIT Bombay’s alumni have blazed trails all over the world in diverse fields, and now they’re giving back to their alma mater. IIT…
Zerodha’s Nithin Kamath Added To Modi Govt’s Startup Advisory Council, Byju Raveendran, Others Removed
India’s top entrepreneurs and investors don’t just run their companies — they also help the government make policies around startups. The Modi government…
Indian Startups Have Laid Off 28,000 Employees In The First 9 Months Of 2023
It’s now widely accepted that 2023 has been one of the lowest points in recent memory in India’s startup ecosystem, but numbers point…
Sharechat Lays Off 200 Employees, Valuation Could Fall From $5 Billion To $1.5 Billion
India’s startup ecosystem is several quarters into the funding winter, but well established names are still continuing to jettison staff in large numbers….
In Win For Elon Musk’s Starlink, India’s Telecom Bill Paves Way For Allocation Of Satellite Spectrum
Elon Musk might’ve been negotiating unsuccessfully for years to be able to bring Tesla to India, but one of his other startups could…
Udaan Lays Of 10 Percent Of Its Workforce Days After Raising Rs. 2,800 Crore
Even as funding rounds are slowly beginning to trickle in for startups in the funding winter, employees are still getting the short end…
Adani Group Acquires Majority Stake In News Agency IANS For Undisclosed Sum
Indian billionaires continue to follow their global counterparts by snapping up prominent media portals. The Adani Group has acquired a majority stake in…
Ola Founder Bhavish Aggarwal Launches AI Startup Krutrim To Make Indian Language LLMs
Bhavish Aggarwal had started his entrepreneurial journey more than a decade ago and built Ola, which is now India’s largest ride hailing company….