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Category: Startups

Unacademy’s Loss Rises 6x To Rs. 1,474 Crore, Vedantu’s Loss Rises 4x To Rs. 604 Crore

June 27, 2022June 27, 2022 OfficeChai Team

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

June 25, 2022June 25, 2022 OfficeChai Team

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

June 24, 2022June 24, 2022 OfficeChai Team

One of India’s top food delivery companies has officially acquired one its top grocery delivery players. Zomato has acquired Blinkit for $568 million…

EV Fires Will Happen, Says Ola CEO Bhavish Aggarwal After Tata Nexon Catches Fire In Mumbai

June 23, 2022June 23, 2022 OfficeChai Team

Amidst growing cases of electric vehicles catching fire, Ola’s CEO appears to be hinting that these incidents aren’t a bug — they might…

India’s ONDC Platform Working To End “Monopolization” Of Zomato, Swiggy: Report

June 22, 2022June 22, 2022 OfficeChai Team

India’s ambitious ONDC platform isn’t just looking to level the playing field for e-commerce — the food delivery industry appears to be on…

LeadSquared Becomes India’s Latest Unicorn Startup, Now Valued At $1.1 Billion

June 21, 2022June 21, 2022 OfficeChai Team

Tech stocks around the world might be getting pummeled, the crypto markets might be imploding, and there might be a recession on the…

After Unacademy Launches In Kota, Allen Announces New Online Arm Named Allen Digital

June 15, 2022June 15, 2022 OfficeChai Team

In business, like in football, the best form of defense could well be offence. Days after ed-tech startup Unacademy launched in Kota and…

Allen Co-founder Warns Teachers Against Leaving In Dramatic Video As Unacademy Launches In Kota

June 11, 2022June 11, 2022 OfficeChai Team

Incumbents don’t take kindly to outsiders taking over their turf, be they mafia bosses or mild-mannered coaching center owners. Brajesh Maheshwari, the co-founder…

Cred’s Valuation Jumps 60% In 8 Months, Now Valued At $6.4 Billion

June 10, 2022June 10, 2022 OfficeChai Team

India might be going through a funding winter, its losses might be growing, and there might be no clarity on how it will…

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