Ola Fires 1,400 Employees, Says Its Revenue Has Fallen 95%
The impact of the coronavirus pandemic on Indian startups is slowly becoming apparent. Ola has said it has fired 1,400 employees in the…
Category: Startups
WeWork’s Valuation Plummets To $2.9 Billion, Company Fires 20% Of India Staff
One of the biggest fallouts of the coronavirus pandemic has been the widespread adoption of working from home — Facebook and Google have…
Work From Home Could Be Harmful For Employees, Says Microsoft CEO Satya Nadella
Even as many tech companies are embracing the work from home paradigm that the coronavirus lockdowns have thrust upon them, a discordant voice…
Swiggy Lays Off 1,100 Employees In Wake Of The Coronavirus Pandemic
The bloodbath in the food delivery sector in the wake of the coronavirus pandemic is slowly becoming apparent. Days after Zomato had laid…
PE Firm General Atlantic Invests Rs. 6,500 Crore Into Jio Platforms For 1.34 Percent Stake
Reliance continues to rack up an array of impressive international investors for its Jio Platform. After Facbeook, Silver Lake Partners and Vista Equity…
Exclusive: Lendingkart Lays Off 500 Employees Or 50% Of Its Workforce
Lendingkart is letting go half of its workforce of around 500 employees with immediate effect. While the company is yet to make an official statement, a few employees exclusively spoke to OfficeChai and apprised us of the goings-on.
Zomato Has Said It Is Laying Off 520 Employees, Remaining To Take Up To 50% Pay Cut To Combat Covid Impact
The coronavirus layoffs in India have moved from the hospitality sector to food delivery. Zomato has said that it’s laying off 520 employees,…
Defence Tech Startup Tonbo Imaging Claims Govt Has Defaulted On Payments, Cancelled Contracts
Tonbo Imaging, a Bangalore-based company that produces and for the last 12 years has been supplying defence technology such as advanced sensors, cameras, and software used by defence forces, has claimed that the government is not living up to their “make-in-India” mantra themselves. Arvind Lakshmikumar, the CEO of the company has released a strongly worded open-letter to the government that claims that the government has defaulted on the payments for defence equipment supplied by the company.
MakeMyTrip Begins Delivering Food, To Take On Zomato And Swiggy
The coronavirus lockdown has turned things in the Indian startup ecosystem all topsy-turvy. After startups from ranging from Zomato to Uber to Nobroker…