GreyOrange Robotics Raises $30 Million From Tiger Global, Blume Ventures

GreyOrange Robotics Raises $30 Million From Tiger Global, Blume Ventures

GrayOrange Robotics has raised $30 million (Rs. 190 crore) in its latest round of funding led by Tiger Global. The Gurgaon based company, which also has an office in Singapore, plans to use this capital towards R&D, hiring, and expansion into markets such as Asia Pacific, Middle East and Europe.

Startups Are Disrupting These 7 Traditional Businesses In India

Startups Are Disrupting These 7 Traditional Businesses In India

Here is a roundup of some of the traditional businesses that are feeling the pinch of the mushrooming startups that threaten to affect them and eventually even displace them. What remains to be seen is whether the traditional businesses will adapt to this change, reinvent themselves and join in the wave on a “If you can’t beat them, join them” philosophy, or wait it out, let the wave pass, for the VC funded startups to bust as the red bottomlines begin to show, and emerge as the classics.

Firing Round At FabFurnish: 50 Employees Sacked As Part Of “Business Positioning”

Firing Round At FabFurnish: 50 Employees Sacked As  Part Of “Business Positioning”

FabFurnish.com has fired at least 50 employees, or about a fourth of its workforce. It is vacating warehouses as part of a business restructuring. The online furniture seller is changing its model and laying off employees at various levels. The company said it has “undertaken a resource optimisation exercise” and is “hiring a talent pool ideal for our new business positioning”.

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