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Centre plans to ban unregulated lending; Indian startups report workforce declineThe government has proposed a bill to ban unregulated lending. This and more in today’s ETtech Top 5.- Indian unicorns see net workforce decline amid layoffs, restructuring: reportIndian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline...
- 60% of Indian unicorn founders achieved $1-billion valuation in maiden attempt: reportIn the last two years, companies such as quick commerce platform Zepto, non-banking lender InCred, Ola founder Bhavish Aggarwal’s artificia...
- Ecommerce & dark patterns; how unicorn founders stack upThe government could crack down on ecommerce firms following consumer complaints of dark pattern violations during festive sales. This and ...
- Only 22% of unicorns were started by solopreneurs in last decade: PrivateCircleIn the last decade, Indian unicorns saw 22% started by solopreneurs and 78% with two or more co-founders. Cofounder unicorns had 32% higher...
- Indonesia’s president-elect Prabowo Subianto keen on BrahMos purchase; emulating India's mid-day meal scheme for schoolsPrabowo Subianto, the Indonesian Defence Minister, will become the next president. He aims to purchase BrahMos missiles and emulate India's...
- Unacademy’s FY23 revenue rises 26% to Rs 907 crore, loss shrinksTest preparation startup Unacademy said its losses narrowed by 41% to Rs 1,678 crore in FY23, a period riddled with incessant layoffs at th...
- Mensa Brands sees loss widen to Rs 213 crore, revenue jumps 2.5 timesRoll-up ecommerce startup Mensa Brands saw its total loss for FY23 widen over twofold from a year ago to reach Rs 213.9 crore, while total ...
- Oyo founder Ritesh Agarwal joins Shark Tank India season 3 as judgeIn the third season, Agarwal will join Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, Boat founder Aman Gupta, Sugar Cos...
- Dunzo’s downfall: from startup star to sinking ship? and other top tech stories this weekThis week was Dunzo’s worst ever since it pivoted to quick commerce with Dunzo Daily in 2021. At ETtech, we have been closely tracking the ...
- Shark Tank India Season 1 | Over 40% of investment deals were closed: PrivateCircle reportOver a year after Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft...
- HCL’s chip foray; eGaming investors say 28% GST ‘unviable’India’s silicon surge is picking up pace as yet another player has emerged on the scene. The HCL Group, maker of computer hardware and soft...
- Till debt do us part: will startups go the PharmEasy way, and other top tech & startup stories this weekThis week’s ETtech newsbreak on PharmEasy going for a rights issue at a price 90% lower than its peak valuation of $5.6 billion to repay de...
- Mojocare board to discuss audit report, may shutter; more startups join fight against Google’s billing policyIt’s a bleak prognosis for healthcare startup Mojocare. The company’s board may delve deeper into the forensic audit report this month, and...
- Byju’s promoters have sold shares worth $408.53 million since 2015: PrivateCircle“Byju's promoters have put the entire secondary sale proceeds back into the business to scale it up further over the years,” a spokesperson...
- Byju’s promoters sold shares worth $408 million; Wipro investors ride high on share buybackThe promoters of Byju’s sold their shares for millions of dollars since 2015, according to a research and data platform. However, a spokesp...
- Bug exposed private Circle tweets to public, admits TwitterA bug in Twitter exposed Circle tweets, a way to send tweets to select people and share thoughts with trusted friends, to the public users,...
- Strong intelligence research leads data-driven decision while investing in early-stage companyBefore we get to different methods, we set aside traditional discounted cash flow or other methods that rely on current financial metrics. ...
- Koda, Lalu & the kismat connectionTruly, the parties which had kept the Koda government afloat are now running shy of the former chief minister.
- Satyam: L&T & Tech Mahindra are punters' favouritesCountry's shadowy and illegal betting industry has put in its own EOI in the hotting battle to take over Satyam. The Great Fall of Satyam I...
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