India’s Startup Funding Declined 40% In The Apr-June Quarter: Report
Amidst layoffs, warnings from VCs, and slashed valuations, there had been plenty of indications about a slowdown in India’s startup space, but there’s…
Category: Startups
Allen Sues Former Teachers After Unacademy Reportedly Spends Rs. 100 Crore To Poach 30
The Kota wars had started off with a dramatic WhatsApp video, and now they’ve reached the courtrooms. Allen Career Institute has sued 20…
Ola Is Looking To Fire Around 500 Employees To Cut Costs: Report
The layoffs in Indian startups aren’t limited only to the ed-tech space — other verticals are being impacted too. Ola is looking to…
Indian Startup Organizes Africa’s Largest Ever Drone Show For Djibouti’s Independence Day
Over the last decade, Indian startups have been criticized for either being copycat apps from the west, or apps that try to find…
Lenskart Acquires Majority Stake In Japanese Eyewear Brand Owndays
Indian startups aren’t only creating massive brands in India, but they’re confidently striding into developed markets to grow their businesses. Lenskart has picked…
Byju’s Fires 2,500 Employees Across Toppr, WhiteHat Jr And Its Core Business: Report
The ed-tech winter had already affected several unicorn startups — both Vedantu and Unacademy have fired hundreds of employees in recent weeks —…
Unacademy’s Loss Rises 6x To Rs. 1,474 Crore, Vedantu’s Loss Rises 4x To Rs. 604 Crore
India’s top ed-tech companies had been firing employees en masse in recent months, and the reasons for the alacrity in cutting costs is…
Ola Shuts Down Used Car Business Ola Cars & Grocery Service Ola Dash
Ola’s forays into sectors outside of ride hailing aren’t going quite as planned. Ola has decided to shut down its used car business…
Zomato Acquires Blinkit For $568 Million In All-Stock Deal
One of India’s top food delivery companies has officially acquired one its top grocery delivery players. Zomato has acquired Blinkit for $568 million…