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….
Author: OfficeChai Team
Dotting the i's, crossing the t's.
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….
Smriti Irani Opposes Compulsory Period Leaves, Says Menstruation Is Not A Handicap
Even as some Indian startups have begun offering women paid ‘period leaves’, the government has come out with a much more pragmatic take…
In Setback To Tesla, Indian Govt Says There’s No Proposal To Reduce Import Duties For EVs
Tesla’s long-awaited entry into India might soon run into even more roadblocks. The Indian government has told parliament that there’s no proposal to…
Reliance And Disney Are Nearing Deal For Merger In India: Report
Over the last few quarters, Reliance had dealt blow after blow to Disney Hotstar, systematically taking away its prized streaming properties. It appears…
boAt Records First Loss In 8 Years, Loses Rs. 129 Crore In FY23
While several Indian startups are slowly looking to turn in a profit, a prominent name has just slipped into losses. boAt has reported…