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Tag: startups
As record equity outflow continues, Dollar shortage worries forex market traders-thumnail

As record equity outflow continues, Dollar shortage worries forex market traders

Traders in India’s foreign-exchange market are bracing for more instances of dollar shortages, as record outflows from the nation’s equities and deteriorating external finances bite. Traders in India’s foreign-exchange market

Finance

Jun 29, 2022

Edtech layoff carnage continues as WhiteHat Jr laysoff another 300 employees-thumnail

Edtech layoff carnage continues as WhiteHat Jr laysoff another 300 employees

The cost-cutting move comes roughly 45 days after 750 WhiteHat Jr employees resigned after the company asked them to relocate and return to their respective offices within a month. Edtech

Education

Jun 29, 2022

Zomato share tanks 14% post Blinkit acquisition over cash burn issues-thumnail

Zomato share tanks 14% post Blinkit acquisition over cash burn issues

Over the weekend, the company announced acquisition of loss-incurring firm Blinkit for Rs 4,447 crore. The payment will be settled through issue of around 629 million Zomato shares (around 6.88

News

Jun 28, 2022

<strong>Vedanta to borrow 4809 crore through 10 year bonds, LIC likely to provide the capital.</strong>-thumnail

Vedanta to borrow 4809 crore through 10 year bonds, LIC likely to provide the capital.

Vedanta is planning to use the proceeds to prepay or repay existing debt and for capital spending. The last time Vedanta raised funds through local currency bonds was in December

News

Jun 28, 2022

Udaan fires 180–200 employees or 5% of its workforce to reduce costs-thumnail

Udaan fires 180–200 employees or 5% of its workforce to reduce costs

According to a person briefed on the situation, business-to-business (B2B) e-commerce startup, Udaan has laid off 180–200 employees, or 5% of its workforce. The company described the layoff as “unusual”

Industry

Jun 28, 2022

Actor Ajay Devgan to endorse Go Gas, confidence Petroleum-thumnail

Actor Ajay Devgan to endorse Go Gas, confidence Petroleum

 “While I cherish entertaining the audience, ensuring that what I’m endorsing is valuable and credible has always been my first focus,” Ajay Devgn stated adding “With Confidence Group Gogas, I

News

Jun 28, 2022

Editor’s Note-thumnail

Editor’s Note

Editor’s Note – Observation 2020 was a difficult year when the world was presented with the challenge of saving lives. Despite the immeasurable loss, 2020 was also a good year.

Industry

Jun 26, 2022

Producing Oxygen from Water? A Startup from Bengal has created a device for it-thumnail

Producing Oxygen from Water? A Startup from Bengal has created a device for it

Solaire Initiatives Private Limited, a startup based in West Bengal, built a device called ‘OM Redox’, which created pure oxygen from water. In West Bengal, innovation seems to be making

News

Jun 24, 2022

Only $ 2 billion raised in funding for start-ups in May of 2022-thumnail

Only $ 2 billion raised in funding for start-ups in May of 2022

The winter for funding is arriving as per data felt by the Indian startups.  Between January and May of 2022, almost $ 13. 3 billion is acquired from funding by

Investment & Funding

Jun 24, 2022

The founders of Mamaearth believes in diversity and equality in the workplace-thumnail

The founders of Mamaearth believes in diversity and equality in the workplace

Honasa Consumer aims to acquire about 300 employees across its departments of Marketing, Product and others till the month of March, 2023. The company has one female out of two

Industry

Jun 24, 2022

On Friday, the Zomato board is probably going to approve buying Blinkit-thumnail

On Friday, the Zomato board is probably going to approve buying Blinkit

According to a filing with the National Stock Exchange, the Zomato board of directors will meet on June 24 and probably approve the acquisition of Blinkit, a startup focused on

News

Jun 22, 2022

<strong>How three Indian engineers transformed this IT firm into the country’s newest unicorn</strong>-thumnail

How three Indian engineers transformed this IT firm into the country’s newest unicorn

LeadSquared, a provider of sales automation software as a service (SaaS), has raised $153 million (or approximately 1,194 crores) from WestBridge Capital in a Series C round, making it India’s

Finance

Jun 22, 2022


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