Zoho Reports Record Profit Of Rs. 2,836 Crore In FY23
Even as India’s startup ecosystem battles valuation markdowns and layoffs, one of its legacy profitable names continues to chug along as usual. Zoho…
Category: Startups
Byju’s Investors Call EGM To Remove Founder Byju Raveendran, Change Board
Even as Byju’s is staring at brink after a 99% drop in valuation, a coup might be afoot at the beleaguered ed-tech company….
RBI Stops Deposits In Paytm Payments Bank Over “Persistent Non-Compliances”
Paytm Payments Bank has had a rough few years trying to keep up with RBI’s compliance norms, and things now seem to have…
PolicyBazaar Turns Profitable, Reports Rs. 37 Crore Profit In Dec Quarter
Many of India’s listed unicorns have had a rough time since being listed, but they seem to be slowly finding their way around…
Byju’s Launches Rights Issue To Raise Funds At $225M Valuation, 99% Below Peak
Byju’s, which was once India’s most valuable startup with a valuation of $22 billion, is now worth essentially nothing. Byju’s board has approved…
Bhavish Aggarwal’s Krtutrim AI Becomes India’s Fastest Unicorn With $50 Million Fundraise
The last few quarters have seen the Indian startup ecosystem go through a fair bit of strife with large-scale layoffs and valuation markdowns,…
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…
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…