udaan-logo
Posted in BusinessEcommerceSocial Media

Udaan Undertakes Strategic Restructuring with Layoffs Amid Business Consolidation

by SA TeamPosted on

Three points you will get to know in this article: In September, Udaan, the B2B e-commerce platform, underwent a strategic restructuring that led to the unfortunate layoff of over 100 dedicated employees. The company, headquartered in Bengaluru, undertook a comprehensive reorganization, uniting its essentials business encompassing FMCG, staples, and pharma with the discretionary business covering general merchandise, lifestyle, and electronics.…

PhysicsWallah
Posted in Daily FeedsEducation

Edtech Unicorn PhysicsWallah Lays Off Approximately 120 Employees

by SA TeamPosted on

Three points you will get to know in this article: PhysicsWallah, the prominent Ed-Tech unicorn, recently underwent a restructuring phase resulting in the departure of approximately 70-120 team members. Although external reports attribute this to a cost-cutting initiative, the company asserts that these workforce adjustments were prompted by performance-related considerations. Satish Khengre, the Chief Human Resources Officer at PhysicsWallah, shed…

Indian Startups Raise Over $1.2 Billion in Funding for October
Posted in BusinessFinance

Indian Startups Raise Over $1.2 Billion in Funding for October

by SA TeamPosted on

Three points you will get to know in this article: October witnessed a promising surge in investments for Indian startups, aligning with historical patterns. This noteworthy uptick in monthly financial support arrives just as startups within the ecosystem are rallying to navigate through the challenges of funding constraints. Notably, an intriguing aspect is that a substantial one-third of the total…

BYJU'S- Akash
Posted in BusinessEducation

Edtech Giant BYJU’S in Negotiations with Private Equity Firms for Aakash Sale

by SA TeamPosted on

Three points you will get to know in this article: It appears that BYJU’S, the leading edtech company led by Byju Raveendran, is facing significant challenges and is considering the sale of Aakash Educational Services Limited, which is considered its most valuable asset. According to a report by ET, BYJU’S has engaged in discussions with private equity firms like Bain…

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