Zomato’s Revenue Rises 75% In Q4, But Losses Triple
Many of India’s tech startups are now public companies, but they seem no closer to making profits than they’d been when they were…
Category: Startups
HealthTech Startup MFine Lays Off More Than 500 Employees After Reportedly Running Short Of Funds
What had begun as a trickle of layoffs in India’s startup ecosystem is quickly turning into a deluge. Health-tech startup MFine has laid…
Zilingo Fires Cofounder & CEO Ankiti Bose Over “Serious Financial Irregularities”
It’s not just employees who’re being laid off from startups in recent weeks — founders too are feeling the heat. Fashion platform Zilingo…
Vedantu Lays Off 424 Employees, Cars24 Fires 600
India’s two-year-long startup party appears to finally be coming to an end — and the hangovers aren’t looking pretty. Two startups which were…
Sachin Bansal’s Bid To Acquire A Banking Licence Declined By RBI
There’s many things that money can buy, but in India, a banking licence isn’t one of them. Flipkart co-founder Sachin Bansal’s bid to…
Paytm Mall’s Valuation Has Fallen From Rs. 21,000 Crore To Rs. 100 Crore In 3 Years
While wins in high-stakes business moves can often yield some eye-popping results, the failures can be just as dramatic. Paytm Mall’s valuation has…
Swiggy Acquires Restaurant Booking Platform Dineout In Estimated $200 Million Deal
Swiggy has finally followed Zomato into the physical dining space. Swiggy has announced that it is acquiring Times Internet-owned Dineout. While the terms…
Ola Electric’s CTO And CMO Have Quit Within Days Of Each Other
Even as customer complaints mount over Ola’s much-hyped scooter, its management team seems to be making a beeline for the exit. Ola Electric’s…
Swiggy Shuts Down Supr Daily In 5 Out Of 6 Cities, Temporarily Suspends Swiggy Genie
Even as Zomato’s stock is getting battered at the stock markets, its chief rival is already appears to be cutting costs to help…