Blinkit, Zepto Are Slowly Beginning To Deliver Clothes In 10 Minutes
September 16, 2024
Ecommerce Logistics Startup Pickingo To Shut Following Failed Funding Deals
Bangalore-based hyperlocal delivery startup Pickingo will soon shut shop. In a series of setbacks, that first set foot when the funding deal with SAIF capital fell through, followed closely by cash-strapped Zomato pulling the plug on a potential investment, Pickingo is shutting operations according to a report by Livemint.
Local Banya Faces Cash Crunch, Employees Have Not Been Paid For 2 Months
Visitors to the Localbanya website are greeted with this message: “Your banya is upgrading his technology and services. We will be back shortly with more exciting features and a far better delivery experience. We can’t wait for you to experience the new and improved Localbanya”.
Meanwhile the inside story might be very different.
Wipro Media And Telecom Head Ayan Mukerji Quits
Ayan Mukerji, Chief Executive of Wipro’s Media and Telecom Strategic Business Unit has quit after a 28-year stint with the company.
Smartphones Stock Builds For Diwali Bonanza
Reputed Smartphone brands like Samsung, Lenova, Micromax, Xiaomi and One plus have gone on a stocking spree in anticipation of a grand Diwali, a period that accounts for 33% of their annual sales, according to Counterpoint Technology Market Research.
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.