Posted in Healthcare
HealthTech SaaS Startup HealthPlix Cut 25% of Workforce Over Performance Concerns and Redundancies
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Posted in Automobile
EV Charging Platform Bolt.Earth Layoffs as Part of Restructuring, Shutting Down 2 Segments
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Posted in BusinessTechnology
WayCool Fires 70 Employees in Second Restructuring Exercise Within a Year
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Posted in Fintech
Paytm Reports 13.2% Growth in Q3 FY2023-24 Revenue, Implements Cost-Cutting Measures
Three points you will get to know in this article: Paytm, a big financial technology company, recently shared its financial results for the third quarter of the financial year that ends in March 2024. The results show that Paytm’s revenue from its business operations increased by 13.2% to Rs 2,850.5 crore in the three months ending December 2023. This is…
Posted in Education
PhysicsWallah Achieves 3.4X Revenue Growth and Profitability Surge in FY23
Three points you will get to know in this article: In the fiscal year 2023, the EdTech giant PhysicsWallah demonstrated commendable profitability, witnessing a remarkable 3.4X surge in its total revenue, reaching Rs 798 crore, as disclosed by the financial data provided by the Noida-based company. Throughout the fiscal year concluding in March 2023, the firm experienced a substantial rise…
Posted in BusinessEcommerceSocial Media
Udaan Undertakes Strategic Restructuring with Layoffs Amid Business Consolidation
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.…
Posted in Daily FeedsEducation
Edtech Unicorn PhysicsWallah Lays Off Approximately 120 Employees
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
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…
Edtech Giant BYJU’S in Negotiations with Private Equity Firms for Aakash Sale
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…