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HAPPAY REPORT
Corporate travel on an upswing in IndiaMakeMyTrip has hit a remarkable benchmark, surpassing a staggering one billion dollars in gross corporate bookings for 2025. This achieveme...- Infy’s muted pay hike; new-age stocks slumpHappy Wednesday! Infosys began issuing pay hikes, but employees expected better. This and more in today’s ETtech Morning Dispatch.
- Healthkart’s secondary deal; Honasa shares plummetHealthkart has closed a secondary funding round that values the startup at $500 million. This and more in today’s ETtech Top 5.
- Cred’s FY23 revenue more than triples, losses grow marginallyWhile the company’s revenues rose significantly, expenses shot up, too. In FY2023, the Bengaluru headquartered fintech reported total expen...
- Cred, Mobikwik and Groww's report card; Telcos, tech firms spar over revenue share from OTTsThree major fintechs — Groww, Cred and Mobikwik — on Thursday reported a strong growth in their revenues as the startup ecosystem aims to a...
- Cred acqui-hires YCombinator-backed fintech SpennyzFounded in 2019 by Shah and Gaurav Arora, Spenny was a micro-investment platform that nudged users to invest small amounts of money in mutu...
- About 27K employees lost jobs at Indian startups to date, over 8K this yearChennai-based edtech startup Skill-Lync laid off employees as it consolidates operations across Chennai, Bengaluru, and Hyderabad amid glob...
- Outgoing Puma India chief racks up $52 million for new startup; Cred unit executes layoffsAbhishek Ganguly, outgoing India and Southeast Asia managing director of Puma, has raised Rs 430 crore — around $52 million — for his new v...
- Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
- Cred lays off close to 15% of staff at expense management unit HappayThe exact number of employees affected by the layoffs could not be ascertained, but one of the sources told ET that 10-15% of the workforce...
- Cred to buy CreditVidya as fintech consolidation continuesAfter the acquisition, CreditVidya will continue to operate independently and its more than 200 employees will get access to Cred’s employe...
- Cred raises $80 million funding led by GIC at $6.4 billion valuation“GIC of Singapore leads this round, joining existing investors - Sofina, Tiger Global, FalconEdge, and Dragoneer - for an investment of $14...
- Cred to acquire Happay to expand its suite of fintech offeringsHappay, a corporate expense management platform, will continue to operate independently but work closely with Cred’s leadership to leverage...
- Binny Bansal’s Flipkart stock sale; Uber’s Rs 2 crore job offer at IITsBinny Bansal, who cofounded Flipkart along with Sachin Bansal, has scooped up a good sum by selling a part of his stake in the company. The...
- Cred to acquire Happay; Indian SaaS & IT come togetherCred is all set to make its second acquisition since its inception. The Kunal Shah-led startup has agreed to acquire Happay, a corporate ex...
- Happay: Automating your corporate expenses in few clicksAn all-in-one Expense Management Software (EMS) promises to make the entire process of funding, tracking and managing business expenses ver...
- Investors make a beeline for B2B fintech startupsInvestors are increasingly looking at getting the fundamental metrics right like profitability, unit level of economics, customer acquisiti...
- About half of Indian firms lack system to detect travel, expense frauds: SurveyThe survey found that nearly 55% of the companies stated their inability to retrieve past expense data as a key bottleneck in auditing and ...
- Google and Stripe Eye a slice of UPI pie in IndiaWhile internet giant has started testing UPI on Android Pay, Stripe is looking to launch here soon.
- AngelPrime invests Rs 3 crore in HappayAccording to a global survey by Forrester Research, nearly 80 percent of the companies expect their employees to manually enter their expen...
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