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VERSE INNOVATION LAYOFFS
Listed new-age cos’ road to profitability; QED’s Nigel Morris interviewAfter a torrid time on Dalal Street, new-age firms have taken a turn towards profitability in the March quarter. This and more in today’s E...- Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandalRound-tripping involves transferring money between companies without any genuine exchange of goods or services — the only aim being to infl...
- Dailyhunt parent VerSe to lay off 350 employees this month in push for profitabilityVerSe Innovation, parent of Dailyhunt and Josh, is laying off 350 employees to boost profitability and invest in AI-driven efficiencies. Th...
- ShareChat parent Mohalla Tech reports 33% rise in FY24 operating revenue, 67% fall in Ebitda lossesFor the parent firm of the vernacular social media platform ShareChat and short video app Moj, live streaming contributed 56% to total oper...
- 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...
- ShareChat valuation drops 60% to under $2 billion post new fundingTwitter and Google-backed homegrown social media firm Sharechat has closed $49 million in debt financing through convertible debentures fro...
- Demand for Gen AI courses surge as working professionals rush to keep themselves relevantThe trend is being driven by professionals seeking to stay competitive in a fast-evolving job market and to safeguard themselves against la...
- 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...
- ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step downSharechat cofounders Bhanu Pratap Singh and Farid Ahsan will step down from their active roles at the social media platform, cofounder and ...
- ShareChat fires about 500 employees in fresh layoffs, CEO says company ‘overestimated the market’For the affected employees at ShareChat’s parent firm, the company is provided a financial package that includes a payout for the notice pe...
- Cred continues fintech consolidation; Dailyhunt parent sacks 150 employeesDays after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector ...
- Dailyhunt and Josh parent VerSe Innovation to lay off 150As part of a cost-cutting exercise, the company has also cut the salaries of employees earning more than Rs 10 lakh annually by 11%.
- Paytm Payments Bank denies it leaked data to China; Trell to lay off hundreds of employeesBloomberg reported that the RBI acted against Paytm Payments Bank as it had allegedly leaked data to entities in China. The company has ref...
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