Friday, September 20, 2024
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unicorn

Is There Any Value Left At The End Of Tunnel For Byju’s? 

After major investors Blackrock and Prosus cut the valuation of the edtech firm to $1 billion and $3 billion, respectively, the latest rights issue pegs the pre-money valuation at a meagre $25 million, slumping more than 99% from its peak valuation of $22...

Prathik Desai 02 / 02 / 2024

Meesho Launches Valmo To Cut Logistics Costs

The Softbank-backed e-commerce firm has been able to slash its supply-chain overheads by 5% by bringing together India’s unorganised logistics players onto its tech-enabled platform

Prathik Desai 08 / 02 / 2024

Paytm App Will Continue To Work Beyond Feb 29 As Usual: CEO Vijay Shekhar Sharma

Paytm said that the RBI order also does not impact user deposits in their savings accounts, wallets, FASTags and NCMC accounts, and they can continue to use the existing balances.

02 / 02 / 2024

CoinDCX Lost Nearly 90% Of Trading Volume Due To 30% Tax On Gains, Reveal Co-founders Sumit Gupta and Neeraj Khandelwal

Though eager for regulations, co-founders Sumit Gupta and Neeraj Khandelwal insist that it should not be counterintuitive for the Web 3 and crypto industry .

Vinita Bhatia23 / 12 / 2023

Is Zomato's Profitable Quarter A Flash In The Pan?

With a projected 40% YoY revenue growth for the next few years, Zomato's profitability milestone in Q124 underscores its dominion in the food delivery market. But will it be able to maintain this momentum?

Vinita Bhatia 30 / 09 / 2023

Prior to the layoffs, the Bengaluru-based start-up told its employees that it would skip increments and restrict the hiring process for calendar year 2023

On Thursday, multiple media sources claimed that Swiggy is planning to terminate 10 per cent of its employee bandwidth

Though funding dipped by 33 per cent in India, 13 unicorns managed to stay profitable in 2022, as per the latest Tracxn report

Chasing profitability, the start-up has also shut down verticals including infotainment service Ola Play, used-cars platform Ola Cars, and quick-commerce...

Paytm Payments Bank is a joint venture between Paytm and its founder Vijay Shekhar Sharma

This is the second round of layoffs by the conversational automation start-up which became a unicorn in February 2022 after raising $400 million

Patidar was one of the key members behind Zomato's technological system

The development came after the Securities and Exchange Board of India ( SEBI) requested the New Delhi-based unicorn to update its draft IPO papers

The IPO comprises a fresh issue of equity shares aggregating to up to Rs 200 crore, and an Offer For Sale (OFS) aggregating to up to Rs 800 crore by its...

The company will utilise the post-IPO capital to improve brand visibility and set up outlets