More than 15,000 employees were laid off by roughly 100 Indian startups in 2023 as funding winter persists. According to data sourced from Layoffs.fyi, cash-strapped Byju’s sacked 2,500 of its staff in the second round this year. The ed-tech startup’s founder Byju Raveendran pledged his home to raise funds for paying salaries to his employees….
SUMMARY Shares of Delhivery surged 6.8% to INR 389.35 during the intraday trading on Thursday (December 21), a day after the company launched its largest mega-gateway in Bhiwandi, one of India’s largest trucking terminals. However, the shares shed some of the gains and were trading at INR 388.15 on the BSE at 2.30 PM IST….
New Delhi: Macquarie Capital has acquired a “substantial minority stake” in ChargeZone, a Vadodara-based company specializing in high-speed electric vehicle (EV) charging networks. The specifics of the stake and the investment amount remain undisclosed. This move is set to boost ChargeZone’s efforts in expanding its cloud technology-enabled EV charging network, aligning with India’s growing focus…
SUMMARY Walmart-owned digital payments app PhonePe has rolled out a new feature on the platform that will allow its users to manage their credit cards as well as pay bills and loans. The ‘Credit’ section will enable users to view their credit bureau score without any additional cost, PhonePe said in a statement, adding that…
MUMBAI : The Sleep Company, an omnichannel leader in the comfort-tech business, has raised ₹184 crore in Series C from existing investors Premji Invest and Fireside Ventures. The company, which provides both sleep and seating technology, will use the funding to grow its offline presence, expand in other regions and widen its product basket, the…
