Ola’s Valuation Marked Down To $3.5 Billion From Last Private Valuation Of $7.3 Billion
Ola Electric might have become India’s largest electric 2 wheeler company, but its parent isn’t doing quite as well. Ola’s investor Vanguard has…
Category: Startups
Zomato Appoints A Chief Fitness Officer To Help Improve Employees’ Health
All companies have CFOs, of Chief Financial Officers, to keep an eye on the company’s finances. Zomato, though, has also appointed a different…
Ola Electric Lost Rs. 75,000 For Each Scooter It Sold In FY23
Ola Electric has quickly become India’s largest two-wheeler EV maker, but the growth hasn’t come cheap. Ola Electric has registered an operating loss…
Info Edge Initiates Legal Action Against Former Housing CEO Rahul Yadav’s New Startup
Rahul Yadav’s first startup stint with Housing.com had ended with him being escorted out of his own company by hired security guards. His…
Byjus’ Investors Reveal Why They Quit Its Board, Plan “Significant” Valuation Markdown
India’s startup space had been taken aback last month when three Byju’s board members and its auditor had resigned in unison, but they’re…
After It Was Unable To Pay Employees, 7 Companies Too Send Dunzo Legal Notices Over Unpaid Dues
Dunzo is already having trouble paying salaries to employees, but those aren’t the only payments it’s missing. As many as seven different companies…
Dunzo Now Delays June Salaries To September, Begins Fresh Round Of Layoffs
The pioneer of India’s hyperlocal delivery space is currently on the brink. Dunzo, which had previously delayed the June salaries of employees and…
Only 27 Of 65 Startups “Funded” On Shark Tank Have Actually Received Money: Report
On TV, successful Shark Tank pitches end with scenes of jubilation — sharks hand over cheques to entrepreneurs, hug them, and promise to…
Most Coding Jobs Outsourced To India Will Be Replaced With AI In 2 Years: Stability AI CEO
It’s now widely accepted that AI could render many jobs redundant in the coming years, but some regions could be more affected than…