Ola’s Valuation Cut By 35%, Swiggy’s Trimmed By 33% In Tough Week For Indian Startups
Summer might be making its way across India with daytime temperatures soaring everywhere, but the country’s startup ecosystem continues to be firmly embroiled…
Category: Startups
Zerodha CEO’s Father-in-law Still Runs Kirana Shop, Billionaire Shares Heartwarming Story
From the outside, it might appear that high-flying billionaire entrepreneurs have it all figured out, but they seem to face challenges as the…
Indians Are Ordering The Same Food For Cheaper On ONDC Than Swiggy & Zomato
India’s food tech space was thought to have settled as a duopoly, with Zomato and Swiggy remaining the only viable options after years…
Meesho Lays Off 251 Employees, CEO Says Made Judgement Errors In “Over hiring”
Indian unicorns are shedding fat well into 2023 to navigate the ongoing funding winter. Meesho has laid off 251 employees in a fresh…
Ola To Refund Rs. 130 Crore To Customers For Charging Them Separately For Chargers
Ola customers have taken to social media over several issues — late delivery of scooters, claims of low range, and a host of…
India’s Mobile & Internet Association Taken Over By Foreign Firms, Allege Indian Entrepreneurs
The IAMAI often speaks up about issues pertaining to Indian startups and the country’s broader tech ecosystem, but some entrepreneurs allege that the…
ED Raids Byju’s CEO’s Home And Offices, Seizes Incriminating Documents
Byju’s has had a difficult year with layoffs, delayed financial statements, allegations in Indian Parliament over misselling courses, and valuation cuts, but things…
Swiggy Begins Charging Users Rs. 2 “Platform Fee” On Every Food Order
The last few years of India’s food delivery boom had seen companies slash prices in all possible ways, but with only two major…
Nykaa Stock Hits Fresh New Low Of Rs. 116, Now 71% Down From IPO Price
Nykaa had a bright start to its journey as a public company when its stock had nearly doubled on listing, but it’s been…