Swiggy Goes Public, Stock Rises 18% On Opening Day
November 13, 2024
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…
Have Food Tech Startups Bitten Off More Than They Can Chew?
A year ago, the food tech sector was booming. Funds were plentiful, investors were upbeat, and a new company seemed to be coming up every minute. Cut to a year later, and things aren’t quite so rosy. There have been murmurs of overvalued companies, and investors are being more circumspect with their cash. One sector that has been particularly hard hit is the food tech industry.
Paytm Makes Push For Ecommerce; Original Wallet Business Becomes Separate App
Paytm has announced that it will be splitting its original business wallet into a separate app. The current Paytm app will soon lose its wallet functionality and become a standalone shopping app, competing with the likes of Flipkart, Amazon and Snapdeal. This move reinforces Paytm’s ambitions to become a large part of India’s ecommerce space.
Inside The Stylish, India-Themed Office Of Pegasystems
Think cool offices in Hyderabad, and it’s often hard to think beyond Google. But tucked away on the 13th and 14th floors of Raheja Mindspace Park is the modern, stylish office of Pegasystems.