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…
Category: Startups
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…
Unacademy Says 60% Of Its Staff Will Permanently Work From Home Even After The Lockdown
A day after Twitter said that its employees would be allowed to work-from-home “forever” if they so chose, an Indian company has gone…
Uber Begins Delivering Packages In 4 Indian Cities To Keep Its Business Running Amid Covid Crisis
The coronavirus pandemic has upturned businesses: some companies have had to completely shut down operations, while others are being forced to operate in…
Zomato Is Considering Starting Home Deliveries Of Alcohol: Report
The coronavirus lockdown hasn’t exactly brought cheer to most of the world, but there’s one aspect in which it might just end up…
Uber To Lay Off 3700 Employees As It Cuts Costs To Deal With The Coronavirus Pandemic
News of layoffs is now coming in thick and fast from the US tech industry. A day after Airbnb had said that it…