Swiggy To Fire 400 Employees Over Next Few Weeks To Cut Costs
The funding winter of the last two years appears to be firmly in place in 2024 as well. Swiggy is set to fire…
Category: Startups
Byju’s Explores Rights Issue At $500 Million Valuation, 97.8% Below Peak
Byju’s hasn’t raised money for a while, but the estimates of its current valuation are falling off a cliff. Byju’s has approached existing…
Cult.Fit Lays Off 150 Employees As Part Of A Cost Cutting Exercise
The last two years have been bleak for India’s startup ecosystem, and there seems to be no sun on the horizon even at…
Dream11 Reports Profit Of Rs. 188 Crore In FY23, 32% Higher Than Previous Year
India’s startup industry might still be currently grappling with layoffs and struggling to emerge from the prolonged funding slowdown, but there seems to…
Sam Altman Is Unsure If Ilya Sutskever Is Still Working At OpenAI
Sam Altman had triumphantly returned as OpenAI CEO after being forced out by the board, but it’s likely that one of the key…
Over 50 Indian Unicorn Founders Meet Piyush Goyal, Plan To Start “Startups Club”
India’s startup ecosystem has gained in prominence over the last decade, and that’s also brought with it increased support and interaction from the…
Udaan’s Valuation Falls By 45% In Major Down Round
Thus far, most of the valuation cuts that Indian startups were facing were only on paper — investors had been updating downwards the…
Flipkart, InMobi, Others To Cut Jobs In India Amid Global Layoffs
2023 had seen dozens of Indian unicorns lay off thousands of employees, and 2024 appears to have gotten off to a similar start….
Byju’s Now Valued At Just $1 Billion, 95% Below Peak Valuation
In March 2018, Byju’s had become India’s 11th unicorn when it had touched a valuation of $1 billion. Six years, a pandemic, massive…