Swiggy Fires 350 Employees, Says Business Is Still Down 50 Percent
India’s economy has been slowly opening up over the last few weeks, but the coronavirus layoffs aren’t quite yet over. Swiggy has just…
Category: Startups
Oyo Terminates Lease Contracts On Two Gurgaon Offices To Save Costs
As firms look to tighten purse-strings to cope with the coronavirus pandemic, large offices are ending up being the first casualty. Oyo Rooms…
Flipkart Acquires Walmart’s India Wholesale Business, Will Launch Flipkart Wholesale Next Month
Walmart has consolidated its India holdings, making Flipkart the umbrella brand for all its India initiatives. Flipkart’s wholesale unit will acquire Walmart India’s…
Mark Zuckerberg Worried That If India Can Ban TikTok, It Can Also Ban Facebook: Reports
TikTok’s ban should’ve come as welcome news for rival social media companies, but Facebook CEO Mark Zuckerberg is apparently not particularly thrilled with…
Curefit Lays Off 600 Employees, After Laying Off 800 In May
Startups that have been the worst-hit by the coronavirus pandemic are continuing to try to cut costs. Fitness startup Curefit has laid of…
JioMart Makes All Deliveries Free, Launches App To Take On Amazon And Flipkart
The now-familiar push for dominance by Reliance, as seen in its telecom and broadband plays, has now begun for JioMart. JioMart has made…
Walmart Puts In $1.2 Billion In Flipkart At A Valuation Of $24.2 Billion
Many had questioned Walmart’s decision to acquire a majority stake in Flipkart at a valuation of $21 billion in 2018, but the decision…
After Facebook’s Investment In Jio, Google Announces $10 Billion Indian Fund
After emerging as a proxy battlefield for American e-commerce companies — Amazon and Walmart currently own India’s two biggest e-commerce players — India is…
Nykaa Comes Under Fire For Exposé On Toxic Work Culture And Employee Bullying By CXOs
Online cosmetics and beauty products retailer Nykaa has come under social media fire for verbal harassment and employee bullying at the hands of…