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Category: Startups

Cult.Fit Lays Off 150 Employees As Part Of A Cost Cutting Exercise

January 23, 2024January 23, 2024 OfficeChai Team

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

January 19, 2024January 19, 2024 OfficeChai Team

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 ilya sutskever

Sam Altman Is Unsure If Ilya Sutskever Is Still Working At OpenAI

January 18, 2024January 18, 2024 OfficeChai Team

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”

January 18, 2024January 18, 2024 OfficeChai Team

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

January 16, 2024January 16, 2024 OfficeChai Team

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

January 15, 2024January 15, 2024 OfficeChai Team

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

January 12, 2024January 12, 2024 OfficeChai Team

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…

Ola Ridesharing Had Bought 12,000 Electric Scooters From Ola Electric Last Year

January 11, 2024January 11, 2024 OfficeChai Team

Ola Electric has quickly become the largest electric two wheeler manufacturer in India, but there’s more to its growing market share than meets…

Ola Reports Revenue Of Rs. 2,800 Crore, Loss Of Rs. 772 Crore In FY23

January 10, 2024January 10, 2024 OfficeChai Team

Ride hailing companies have been a part of urban India’s daily fabric for over a decade now, but they’re still struggling to make…

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