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CRED LAYOFFS
Bizongo under criminal lens; Meesho files IPO papersInvoice discounting platform TradeCred has filed a criminal complaint against Bizongo for alleged misappropriation of funds. This and more ...
Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Unacademy appoints Pratik Dalal CFO of its offline centres businessDalal was most recently heading business finance at Cred, prior to which he was VP of business finance at Flipkart.
Digital lending platform Khatabook lays off over 40 employeesHomegrown digital lending platform Khatabook, which has investors like top cricketer MS Dhoni and CRED's Kunal Shah, among many others, has...
Unacademy’s Graphy acquires community-management platform ScenesAccording to Graphy, the acquisition will allow it to enhance its offerings as well as expand its reach in the creator ecosystem. At presen...
About 27K employees lost jobs at Indian startups to date, over 8K this yearChennai-based edtech startup Skill-Lync laid off employees as it consolidates operations across Chennai, Bengaluru, and Hyderabad amid glob...
Outgoing Puma India chief racks up $52 million for new startup; Cred unit executes layoffsAbhishek Ganguly, outgoing India and Southeast Asia managing director of Puma, has raised Rs 430 crore — around $52 million — for his new v...
Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
Cred lays off close to 15% of staff at expense management unit HappayThe exact number of employees affected by the layoffs could not be ascertained, but one of the sources told ET that 10-15% of the workforce...
RBI grants payment aggregator licence to 32 entities; Paytm Payments Bank launches UPI LiteA total of 32 entities have received in-principle approval for payment aggregator licence from the Reserve Bank of India. The list includes...
ETtech Deals Digest: a glimmer of hope for Indian startupsHere are all the top funding stories of the week.
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 ...
ETtech Deals Digest: Ray of sunshine amid funding winter for Indian startupsAs the funding winter continues to trouble Indian startups, there is a tiny glimmer of hope in form of grants and potential investment.
Only 6% Google fee for some apps; ED freezes another Rs 46 crore in loan apps caseGoogle’s revised Play Store billing policy, which is set to take effect in India on October 31, may bring good news for app developers that...
Is the free lunch over at startups?Marketing budgets are getting slashed, layoffs are becoming commonplace, founders and top management are taking pay cuts, and perquisites —...
Hiring intent remains strong among startups despite job cuts: SurveyThere is likely to be a 20-25% increase in hiring of mid-to-senior talent by well-funded startups in ongoing quarter compared with a year e...
ETtech Evening Briefing on 27 Jan. 2021: Top Tech News Today, in 10 MinutesFrom Pine Labs’ AllTap app for contactless payments to Bytedance’s layoffs in India in the aftermath of the TikTok ban, here’s a look at th...