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ZUPEE JOB CUTS
ET AI Conclave 2026; Apple's India payments playThe ET AI Conclave & Awards brought together over 250 founders, CXOs, policymakers and investors from leading Indian AI companies like Sarv...- Indian startups laid off over 4,500 employees since JulySince July, over 4,500 employees have been laid off across Indian startups as firms streamline teams, focus on profitability, and pivot tow...
- Zupee lays off 200 in second round of job cuts after real money gaming banOnline gaming startup Zupee has cut about 200 jobs in a fresh round of layoffs after India’s ban on real money gaming. The move follows ear...
- Meesho's Q3 losses balloon & other earningsEcommerce firm Meesho's losses widened despite strong revenue growth. This and more in today's ETtech Top 5.
- India AI Mission cohort 2.0; Tata's Apple windfallIndia AI Mission has selected eight more firms to build foundational AI models. This and more in today's ETtech Top 5.
- Gameskraft lays off 120 amid real-money gaming ban, CFO fraudGameskraft has laid off 120 employees due to the new online gaming regulations and halted operations. The company also filed a police compl...
- Ban-hit real money gaming companies fire 2,000 setting off a scramble for jobsNearly 2,000 employees at real money gaming (RMG) firms including MPL, Games24x7, Zupee, PokerBaazi, and Head Digital have lost jobs after ...
- Layoffs shake gaming startups; Ecomm logistics' festive squeezeHappy Tuesday! The ban on real-money gaming has left over 2,000 jobless in the industry. This and more in today's ETtech Morning Dispatch.
- BigBasket top brass churn; RMG ban pain manifestsHappy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech...
- Cabinet approves blanket ban on online money games; proposes 3 years jail, fine upto Rs 1 croreThe cabinet has approved a bill to ban online money gaming due to addiction and financial losses. The bill proposes penalties for violation...
- Byju’s struggle to find cash continues; IAMAI drops some gaming firms for IT MoS meetDesperate times call for desperate remedies. Cash-starved Byju’s is now likely to use part of the proceeds from the Epic sale to keep its p...
- How layoffs reordered Indian startups this year, and other top tech stories this weekStartups laid off over 28,000 people just in the first three quarters of 2023. This alone was over 50% higher than 2022, when companies let...
- Deepfakes a ticking bomb for video KYCs; Indian startups cut 28,000 jobs in brutal 2023Nithin Kamath, the chief executive of Zerodha, one of India’s largest stockbrokers, took to social media to post a deepfake image of himsel...
- India calls for concrete action on climate funding, transfer of technology ahead of COP28"India will certainly be pushing forward to showcase what it has achieved with its own funds. The Paris commitment given by us has been fun...
- Online gaming industry relieved as GST Council clears tax hazeThe online gaming industry has welcomed the GST Council’s recommendation that will ensure there won’t be repetitive taxation on gamers, but...
- Online gaming companies await clarity as repeat taxation fears riseGST Council may go for repetition taxation, add 50-60% indirect tax burden in some instances
- MeitY ban on loan apps includes non-Chinese players too; Dell to lay off 6,650 employeesOn Sunday, the Indian government issued orders to block 138 betting and gambling apps and 94 loan providing apps due to foreign links on an...
- Angel tax: valuation rules under review; online gaming firms miffed with IAMAIThe Budget 2023-24, presented in Parliament last week, sparked fears of the government bringing foreign investors under the ambit of angel ...
- Tax sops top crypto, gaming firms’ budget demands; govt urged to mandate local storage of dataThe crypto industry meanwhile has asked the government to reduce the 1% TDS on crypto transactions, and review income tax provisions to all...
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