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KOO LAYOFFS
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...- Livspace’s reverse flip; Byju’s US lenders move SCHome decor startup Livspace is preparing to move its domicile back to India from Singapore. More on this and other updates in today’s ETtec...
- 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...
- Indian Twitter rival Koo shuts down after failed acquisition talks“Patient, long term capital is essential to build ambitious, world beating products from India be it in social media, Al, space, EV or othe...
- Byju’s defence in NCLT; deep dive into quick-commerce playThe Bengaluru bench of NCLT asked the petitioner – Glas Trust Company LLC – to issue a notice to Byju's for defaulting on payment of the $1...
- 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 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...
- Short form app Tiki announces closure; experts say Indian apps to benefitUsers will not be able to watch or create short videos or watch streams on Tiki after 11:59pm IST on June 27, it said. The app will also no...
- Fintechs struggle to come together for self-regulation; epharmacies, govt officials hold talks over new rulesIndia's new-age financial services industry has faced constant regulatory scrutiny in recent years disrupting businesses across the board. ...
- Koo lays off 30% of its workforce over the course of the yearThe three-year-old firm added that it was important for businesses of all sizes to adopt 'efficient and conservative approaches' to see thi...
- HCLTech Q4 net profit jumps 11%, FY23 hiring dips 60%; Twitter rival Koo lays off staffIndia's third-largest IT major HCLTech registered an 11% rise in its Q4 net profit to Rs 3,983 crore, beating the ET Now poll estimate of R...
- 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...
- From IT rule tweaks to Thanos' snap at Twitter, social media hits reset in 2022The year gave a tonne of new ways for users and platforms to reward creativity, and pay the creators. Tumblr launched tip jar feature and Y...
- Scoop: PhonePe may acquire ZestMoney; Aditya Birla Fashion close to buying Bewakoof; and Koo's new funding roundIf the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulato...
- ET Startup Awards 2022: Whole world seeking FTAs with bright spot India, says Piyush GoyalCommerce and industry minister Piyush Goyal said tough times help startups come up with innovative, affordable ideas.
- New Data Bill draft to allow storage in trusted nations, Amazon layoffs likely to hit India staffThe government will propose to allow transfer of data and its storage in “trusted geographies” in the revised draft of the data protection ...
- Data localisation to be scrapped in new Bill, Amazon layoffs to hit India staffThe government will propose to allow transfer of data and its storage in “trusted geographies” in the revised draft of the data protection ...
- Political parties diversify to reach out to tech-savvy massesThe audio-format platform from Twitter, the US-based microblogging platform now in the news following its $44 billion takeover by Tesla Inc...
- Homegrown Twitter rival Koo says laid off 15 employees, not 40Homegrown micro-blogging platform Koo on Tuesday said that it has laid off 15 employees, or 5 per cent of its workforce, and not 40 as earl...
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