Dunzo Pays Only 50% Salary To Employees Amid Fund Crunch
Thus far, the startup winter had manifested itself through layoffs and firings, but now employees who remained on rolls are being impacted too….
Category: Startups
Startup Founders Who Cross Corporate Governance Lines Should Be In Jail: Sequoia’s Mohit Bhatnagar
Sequoia has been burnt several times over the last few years with its founders playing fast and loose with corporate governance, and it…
After Raising ₹12,800 Cr From Investors Over 8 Years, PharmEasy Is Now Likely Worth Just ₹4,800 Cr
When startup investments do well, they can turn VCs and entrepreneurs fabulously wealthy. But when they don’t, the results aren’t particularly pretty. PharmEasy…
PharmEasy To Raise Funds At 90% Lower Valuation To Pay Off Loans: Report
India’s unicorn train has not only ground to a standstill — the country has produced no new unicorns in the last eight months…
The Byju Family Has Sold Rs. 3000 Crore Of Byju’s Shares Since 2015: Report
Byju’s might be currently on the radar of investigative agencies, laying off thousands of employees, and seeing its valuation slashed by investors, but…
VCs And Founders Equally To Blame For Startup Scams: Zerodha CEO Nithin Kamath
Several Indian founders have been pilloried on social media for the scams that were unearthed at their companies, but the CEO of one…
Big Basket’s Revenue Rises By 5%, But Loss Rises By 89% To Rs. 1,535 Crore
A bevy of new companies have descended on the hyperlocal delivery space in the last few years, but the oldest player in the…
Zomato Has Zoomed Ahead Of Swiggy In The Food Ordering Race
Food ordering in India is widely thought to be a duopoly, but there are movements within this duopoly all the same. Zomato has…
Swiggy’s Food Delivery Revenue Grows By 26%, But Losses Rise 80%
Swiggy was already India’s highest-loss making startup, and it appears that it could continue to hold the top spot for a while longer….