Advertisements Koo, the Indian microblogging app, has stopped paying salaries to its employees from April 2024 due to financial issues. Employees were informed about this month during a Zoom call, which left some feeling unsettled. The company stated that they… Read More ›
Advertisements Swiggy received approval from its shareholders for its initial public offering (IPO). The company plans to raise up to Rs 3,750 crore (USD 450 million) in fresh capital, along with an offer-for-sale (OFS) component of up to Rs 6,664… Read More ›
Advertisements Allen Career Institute has cut 60-70 jobs from the sales department of its medical test preparation wing, Allen NExT, since December last year, according to media reports. The layoffs have happened across centres of Chennai, Bengaluru, Delhi, Hyderabad and… Read More ›
Advertisements Flipkart Ventures, the investment arm of ecommerce major Flipkart, is inviting applications for its accelerator programme. It announced the third cohort of the Flipkart Leap Ahead (FLA) programme, which will provide selected startups with equity investments ranging from USD… Read More ›
Advertisements Lighthouse Canton has launched its latest fund, the LC GenInnov Global Innovation Fund which seeks to invest in generative artificial intelligence (Gen-AI) space. The firm said in a statement that the LC GenInnov Global Innovation Fund is designed as… Read More ›
Advertisements US office-sharing company WeWork is selling its 27 per cent stake in its Indian operations to new investors. The deal also involves the Bengaluru-based property developer Embassy group reducing its stake from 73 per cent to 60 per cent…. Read More ›
Advertisements Spacetech startup Dhruva Space has secured USD 9.4 million in funding from IAN Alpha Fund, Technology Development Board and other existing investors. This investment includes a mix of equity and debt, with a significant portion allocated to establishing the… Read More ›
Advertisements The Indian startup ecosystem saw steady venture capital (VC) inflow in March, with USD 225 million invested across 20 deals in the third week. This marks a positive trend, especially considering that inflow has remained above USD 200 million… Read More ›
Advertisements India’s G20 representative, Amitabh Kant, suggests that India should achieve around 10 per cent economic growth over the next 30 years to become a USD 35 trillion economy. He stressed the need to increase growth in all sectors, not… Read More ›
Advertisements Indus Appstore, a Android-based app store which was launched by PhonePe recently has recorded over a one million installs within a month of its launch. According to the company, the app store’s growth is driven by its diverse demand… Read More ›
