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…
Category: Startups
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…
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…