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Subscription-based grocery provider Otipy shuts shop; impacts 300 employeesOtipyhas ceased operations, impacting 300 employees and gig workers amid withheld salaries and delayed payments. This comes amid a slump in...- ShareChat to lay off another 5% employees to cut costsThe Google-backed vernacular social media firm plans to reduce its total employee count to 500 by March 2025. It had 650-700 employees as o...
- Year in Review: These startups shut shop in 2024In 2024, Indian startups experienced a challenging reality check. While the year celebrated the emergence of six new unicorns and signs of ...
- Inside the rise and fall of Indian Twitter rival KooKoo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company st...
- Shareholder nod for Swiggy’s $1.25 billion IPO; Koo halts salariesOnline food delivery major Swiggy has received shareholder approval to go public. This and more in today’s ETtech Top 5.
- Koo halts salary payments from April; founder says company 'will remain operational'Koo cofounder Mayank Bidawatka had first said in September 2023 that the company was looking to raise funds or tie up with a strategic part...
- Microblogging site Koo in talks for acquisition by VerSe InnovationKoo’s cofounder Mayank Bidawakta stated in a LinkedIn post that the microblogging platform was in discussions with “multiple partners” for ...
- Dunzo valuation may drop to $200 million, firm seeks nod for rights issueWhile a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the company’s board is yet ...
- Koo seeks fresh funding, strategics; Dunzo further delays paying salaries, will move out of Bengaluru HQHomegrown microblogging platform Koo is looking for fresh funding or a strategic partnership to further its “next phase of growth,” cofound...
- Dunzo to pay August salaries via payroll financing app OneTap amid cash crunchEmployees were asked to download and register on the app, as well as fill a know your customer (KYC) form on the app to receive their payme...
- Dunzo delays paying salaries further as company faces severe cash crunchDunzo has been struggling to finalise crucial funding amid a cash crunch, as a valuation mismatch among stakeholders has become a point of ...
- Dunzo delays payment of August salaries for some staff till end of this weekDunzo has been struggling to close essential new financing as a difference in the scope of valuation between its investors has emerged as a...
- Dunzo delays June-July salaries further, says making ‘positive progress’ on fundingEmployees have been promised that the salaries for August will be paid on time on September 4. “The balance salaries for June and July, alo...
- Markdown detour slows fresh funds delivery to DunzoReliance Retail, the largest investor with 26% stake in Dunzo, is averse to the idea of slashing the valuation of the startup by nearly 50%...
- Dunzo faces legal notice from seven firms over unpaid duesDunzo had received legal notices from Google India, Nilenso, Clover Ventures, Facebook India Online Services Private Limited, Cupshup, Koo ...
- Homegrown companies on hiring spree as Big Tech sheds talentThough the absolute hiring number is not huge since Indian startups are themselves going through funding woes, the roles span product, grow...
- How BluSmart plans to fight Uber, Ola in EV cab biz; Spacecom policy notification soonThe electric vehicle (EV) cab business is extremely nascent in India with startups like BluSmart primarily making up the segment. Enter Ola...
- World War SocialWe revisit the grandfather of social media controversies, and two more recent clashes between governments and big tech.
- Deal frenzy and young startupsHere's a look at the top tech news to start your day.
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