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DEALSHARE LAYOFFS
Cobranded credit card rush; threat of complete ban on offshore crypto appsHappy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing inter...- IT Q3 earnings off to a weak start; Dealshare’s new CEOThe third-quarter IT earnings for FY24 began on a weak note as TCS posted a low single-digit rise in net profit while Infosys saw its profi...
- 2023 Year in review: how layoffs hit technology and startup workersWith the year drawing to a close, ETtech looks at startups and tech companies— global and domestic—which laid off employees to cut costs am...
- 2023 Year in Review: Meet the top free agents in India’s technology and startup ecosystemStartups like Dunzo and Dealshare have seen their cofounders leave, while top executives like Byju's chief technology officer Anil Goel, ch...
- Dealshare founder, president of retail business in race for CEO post“There is a review going on since Rao stepped down as the CEO. Singh and Medda are the two candidates from the existing management. But the...
- Dealshare fires 130, shutters B2B vertical; SoftBank, Oyo parent Oravel partner for premium hotelsEcommerce platform Dealshare has sacked 130 employees and shut down its business-to-business vertical, just over a month after Vineet Rao s...
- Govt’s big leg-up for Startup Inc; Antler India closes Rs 500 crore maiden fundThe government is revving up in a big way to achieve India’s startup ambitions. A detailed plan is in the works to energise the ecosystem a...
- Dealshare lays off 130 employees, closes down B2B verticalThe layoffs come roughly one-and-a-half months after Vineet Rao stepped down as Dealshare’s chief executive. The company had earlier decide...
- Binny Bansal cashes out of Flipkart, Walmart stake hits nearly 80%; Dealshare CEO steps downSachin Bansal cashed out of Flipkart when the Americans moved in five years ago. But his cofounder Binny Bansal had held on to his stake. N...
- Ecommerce startup Dealshare CEO Vineet Rao steps down, board will identify replacementThe company said Rao would “work with the Board to help identify the right CEO to lead this mission. He will also continue to work with and...
- 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...
- 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.
- 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...
- OLX to slash workforce by 15%, fire at least 1,500 employeesThe company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...
- Exclusive: Dealshare lays off 100 as Tiger Global-backed startup reworks business planAccording to sources aware of the matter, the company has seen a drop of over 30% in its annualised gross merchandise value (GMV) run rate ...
- Exclusive: Dealshare lays off 100 employees; Oyo eyes first profitable yearLast year, Dealshare expanded to 150 cities and towns across India as it chased growth above all else. Now, the company has laid off 100 em...
- Dealshare appoints Big Bazaar ex-chief as president of retail businessKamaldeep Singh will head the company's online and offline business and will report to Vineet Rao, cofounder and chief executive of Dealsha...
- IT firms eye deals worth $160B in Q1; Paytm announces Rs 850-crore share buybackThe bulk of the deals will come from American corporations, while a few will come from Europe and Asia-Pacific, even as high inflation and ...
- Citymall lays off 191 employees three months after raising $75 million in fundingOn Sunday evening, the company posted on professional networking site LinkedIn, saying it has taken the call to layoff a portion of its sta...
- 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...
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