Indian Startups Have Laid Off 28,000 Employees In The First 9 Months Of 2023
It’s now widely accepted that 2023 has been one of the lowest points in recent memory in India’s startup ecosystem, but numbers point…
Category: Startups
Sharechat Lays Off 200 Employees, Valuation Could Fall From $5 Billion To $1.5 Billion
India’s startup ecosystem is several quarters into the funding winter, but well established names are still continuing to jettison staff in large numbers….
Udaan Lays Of 10 Percent Of Its Workforce Days After Raising Rs. 2,800 Crore
Even as funding rounds are slowly beginning to trickle in for startups in the funding winter, employees are still getting the short end…
Ola Founder Bhavish Aggarwal Launches AI Startup Krutrim To Make Indian Language LLMs
Bhavish Aggarwal had started his entrepreneurial journey more than a decade ago and built Ola, which is now India’s largest ride hailing company….
boAt Records First Loss In 8 Years, Loses Rs. 129 Crore In FY23
While several Indian startups are slowly looking to turn in a profit, a prominent name has just slipped into losses. boAt has reported…
BookMyShow Turns Profitable Again, Reports Profit Of Rs. 85 Crore
Many of India’s startups are battling crises at the moment and dealing with ED raids and delayed salaries, but one of the oldest…
Paytm’s Shares Fall 20% After Company Scales Back On Small Loans Below Rs. 50,000
Paytm’s stock had been crawling up over the last few quarters after falling to a lifetime low earlier in the year, but it’s…
After Raising Rs. 400 Crore From Investors, Ed-tech Startup Doubtnut Sells For Rs. 80 Crore
Byju’s is currently imploding in public through ED raids, valuation markdowns, and delayed salaries, but smaller ed-tech startups aren’t having the best time…
BCCI Takes Byju’s To Court Over Unpaid Dues Of Rs. 158 Crore Of Team India Sponsorship
As Byju’s is unravelling, anyone associated with the company — its investors, its customers, and even its partners — are all stepping up…