Byju’s New Auditor Resigns In A Year, Hints At Fraud Within Company
September 7, 2024
Rahul Yadav Has Words Of Support For TinyOwl Cofounders
Rahul Yadav, the erstwhile CEO of Housing.com, has come out in support of the beleaguered TinyOwl cofounders. The cofounding team of TinyOwl has been under fire over its recent layoffs, and one cofounder was held hostage in its Pune office for over 2 days by irate employees. However, Rahul Yadav, who’s no stranger to controversy himself, had words of encouragement for the TinyOwl team.
Reliance Moves To An Open Office; Mukesh Ambani Trades Cabin For A Workstation
The times, they are a-changing. Indian companies, which are infamous for their stodgy and bureaucratic ways, are slowly embracing new-age corporate ideas. And leading the way is Reliance, which has made a quiet but significant transformation to its corporate culture.
Zomato Investors Acknowledge Tougher Funding Environment
Sanjiv Bikhchandani, Chairman of Info Edge which owns 47% of Zomato, has justified Zomato’s layoffs saying that the funding environment for startups is changing.
Microsoft To Provide Azure Credits For Startups Working On Smart Cities
India’s population is exploding, and its urban infrastructure is struggling to keep pace. While startups are solving problems ranging from food delivery to laundry, there’s not enough interest among the startup community towards building smarter cities. That’s where Microsoft, in collaboration with the Indian government, comes in.
Ad Tech Startup Vizury Lays Off 50
In the latest of firing news, Bangalore based ad tech startup Vizury is laying off 50 off its employees. However, the real number of the layoffs is rumoured to be upwords of 100.
Housing To Lay Off 200 Employees, Totalling 800 in 3 months
After announcing 600 layoffs in September, the realty listing startup has decided to let go another 200 employees, totalling 800 or almost 50% of its 1950 strong workforce.
The Great E-commerce Battle: Online vs Offline
Some very interesting facts are emerging from the stiff competition between online players and their brick-and- mortar counterparts. Just when it seemed that huge sales and big discounts offered by players like Amazon, Flipkart, and Snapdeal had wooed and won customers online, the offline sector is also going gaga and reporting huge revenues.
Fired TinyOwl Employees Keep Cofounder Hostage In Office 36 Hours
The food tech crisis is getting messier. After TinyOwl’s second round of layoffs in as many months in which the company let go of a hundred employees and shut down several city offices, the company sent its senior to deliver the news in a “human” way. When cofounder Gaurav Choudhary reached the Pune office, he realized he’d got more than what he bargained for – he couldn’t get out.
Barista Coffee Up For Sale; CCD Comes Up With IPO
A lot is happening over coffee. The Indian consumer, once a staunch tea drinker, is now slowly experimenting with coffee, and the market…