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BluSmart’s salary delays; Banks face KYC resetHappy Wednesday! After ceasing operations, BluSmart now faces a fresh challenge: delayed March salaries for its employees. This and more in...- Whatfix’s fundraise; HomeLane acquires DesignCafeSaaS startup Whatfix has secured $125 million in funding from Warburg Pincus and SoftBank at a $900-million valuation. This and more in tod...
- Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from this week. Let’s take a l...
- PhysicsWallah's mega funding; Kiranas vs quick commerceEdtech firm PhysicsWallah has raised $210 million at a $2.8-billion valuation. Details on this and more in today’s ETtech Top 5.
- 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...
- Home interior company HomeLane may acquire smaller rival DesignCafeAfter the merger, the firms aim to generate a combined earnings before interest, taxes, depreciation, and amortisation (Ebitda) of about Rs...
- Layoffs in 2023: Microsoft, Cognizant, Accenture among latest firms to cut jobs amid economic turmoilThe layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent A...
- HomeLane raises $9 million via convertible notes, denies sale talkThe funding is a bridge round in type and has been raised via convertible notes with no new no valuation priced in, founder and CEO Srikant...
- Bengaluru auto rickshaws ply despite strike against bike taxis; behind internet shutdowns in IndiaAuto rickshaws offered services during peak hours in Bengaluru despite being on a strike against ‘illegal’ bike taxis. The fight between ci...
- Exclusive: Byju’s offers to pay higher interest rate on $1.2B loan; Rajesh Gopinathan’s ops model may have led to unease at TCSHappy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in No...
- Livspace layoffs: Home design startup cuts nearly half of tech, product rolesA total of 36 staffers, including software engineering developers and directors from a team of 80 have been asked to leave the company, sou...
- Draft data bill may relax local storage rules; Amazon sues consumer protection bodyProvisions over data localisation in the previous draft of the PDP Bill — withdrawn earlier this year — that mandated certain types of data...
- Pazcare appoints Sandeep Setty as VP of human resourcesPazcare appoints Sandeep Setty as VP of human resources.
- Digital rupee must be anonymous: Nilekani; why Polygon tapped top investorsDigital rupee must be anonymous to prevent the possibility of state surveillance, Nandan Nilekani says. Institutional heft and firepower we...
- Lawyer boards BharatPe; Livspace is 7th unicorn of 2022Ashneer Grover has already called current chief executive Suhail Sameer “spineless” and accused him of dancing to the board’s tunes. Now wi...
- Freshworks IPO details; Uber's Dutch setbackSaaS startup Freshworks is hoping for a valuation of $9 billion for its US IPO. Uber Technologies has lost another lawsuit over its drivers...
- Bigger green shoots in white-collar job marketCapgemini, Whirlpool, Tata Steel, Vedanta, Philips, Nestle, Deloitte, Livspace, PepsiCo and Myntra were among the companies that told ET th...
- Indian startups like Grofers, Zomato start restoring salaries after pay cutsWhile the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salarie...
- Pay cuts, layoffs: Startup morale under lockdownOver the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
- Pepperfry narrows losses improving margins on the back of private labels, new business linesThe India’s online homeware and furniture retail market, it is expected to cross $1.1 billion in revenue this year, up from about $900 mill...
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