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INVACT BUSINESS
Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...- 2022 Year in Review: Fund-starved startups sacked nearly 18,000 employeesEdtech companies accounted for a staggering 44% of the total layoffs. In total, 52 startups fired 17,989 employees spread across edtech, co...
- 2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
- Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exitsThis time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Long...
- Tech’s biggest losers in 2022What’s different this time is the companies getting battered are market leaders in their categories, not recent upstarts looking to cash in...
- Nykaa’s consolidated net profit falls 58%; Manish Maheshwari to quit Invact MetaversityNykaa has clocked steep declines in net profit in all three quarters since it went public.
- Cofounder Manish Maheshwari agrees to leave Invact Metaversity, Tanay Pratap to be CEO“I am moving out of Invact to first take a break for a few months and then pursue new opportunities. It is heartbreaking for a founder to l...
- Now, Google in talks to join ONDC; Purplle may raise fresh funds at $800 million valuationGoogle is also in talks to partner with ONDC, which it sees as a means of discovering businesses.
- E-commerce on the menu for Swiggy; some edtech startups stay bullish amid layoffs; Inventus rebrands to AtheraSwiggy, which earns 75% of its revenue from its food business, has been exploring options to increase its revenue stream from other vertica...
- Now, Sequoia cautions founders; Invact angel investor says CEO holding company hostage; and Country Delight valued at $615 millionSequoia Capital has issued another worldwide downturn missive cautioning its portfolio founders not to expect a speedy recovery from curren...
- We are now standing at crossroads: Metaversity founder Manish MaheshwariManish Maheshwari says, "As we started testing the early versions of the Metaversity platform with real students, it became apparent to us ...
- Former Twitter India head’s startup Invact Metaversity stares at shutdownMaheshwari’s ‘irreconcilable differences’ with co-founder Tanay Pratap is said to be the reason for the move, according to an email that Pr...
- Zomato net loss jumps to Rs 360 crore in Q4; Invact Metaversity is in troubleTotal revenue grew to Rs 1,350 crore in Q4 from Rs 750.8 crore in the same quarter in FY21.
- Free speech absolutist Elon Musk may chafe at laws of land, say expertsMusk wants to “control the media platform” for the benefit of his own firms, and it may mean the end of “free speech platform Twitter” as w...
- Jack Dorsey could make a comeback at Twitter in a more powerful role: Former Twitter India head Manish MaheshwariManish Maheshwari said that Dorsey and Musk were "close ideologically" and that Musk was often invited to give talks to employees at compan...
- Former Twitter India head finds Musk’s takeover bid ‘attractive’Twitter has been making headlines since Musk on Thursday made a $43-billion cash takeover bid for Twitter at $54.20 per share. The offer is...
- The meta ambitions of Indian startupsIndia’s vibrant startup ecosystem is uniquely poised to take the lead in Metaverse. Already, many investors are queuing up to grab a share ...
- India crucial to PUBG maker Krafton; Flipkart sells Cleartrip’s overseas bizA year and a half after the hugely popular PUBG Mobile was banned in India and seven months after Battlegrounds Mobile India took its place...
- The state of CBDCsThis week the International Monetary Fund (IMF) released a report outlining six case studies of central bank digital currencies (CBDCs).
- BharatPe’s Grover looks to sell stake; crypto exchanges face another tax headacheBharatPe cofounder Ashneer Grover is in talks with investors to sell his 9.5% stake in the $2.8-billion startup. But will he be able to exi...
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