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DUNZO LOSS WIDENS
Innovaccer & Giva funding; restaurant body vs Zomato, SwiggyHappy Friday! The deal counter is buzzing with new funding rounds across sectors. This and more in today’s ETtech Morning Dispatch.- 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...
- Dunzo’s survival hinges on Reliance Retail commitment to fundsAn impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the ab...
- Dunzo’s survival hinges on Reliance; Q&A with Instacart founder Apoorva MehtaReliance Retail, which is an investor in Dunzo, is yet to sign off on a much-needed capital infusion in the cash-strapped company. All abou...
- Fintechs shuffle the pack to come up with aces; and other top tech, startup stories of the weekEven fintech infrastructure provider Perfios has roped in Sumit Nigam as chief technology officer, who was previously the engineering head ...
- Big slump in pay hikes for techies switching jobs; financial report card for Nykaa, Dunzo, PB FintechEmployees at Indian IT firms are not getting the salary hikes they were used to on switching jobs anymore, data from staffing companies sug...
- Financial report card for Nykaa, Dunzo; Byju’s in talks with Joffre for Epic saleFSN E-Commerce, the parent entity of omnichannel beauty and fashion retailer Nykaa, saw its Q2 profit jump 50%. Cash-strapped Dunzo also di...
- Dunzo FY23 loss widens to Rs 1,800 crore, revenue jumps 4x to Rs 226 croreThe Reliance Retail-backed firm, which has sharply shrunk its operations and laid off hundreds of employees over the course of this year, s...
- Winners of The ET Startup Awards 2023 to be feted today, and other top tech, startup stories this weekThe Economic Times Startup Awards, honoring Indian entrepreneurs, will take place in Bengaluru. The winners across eight categories were an...
- 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...
- Ecommerce startup Meesho cuts 15% workforce; layoffs amount to 251 employeesCEO Vidit Aatrey tells staff firm made judgment errors in over hiring, now aligning people cost with new biz projections
- Amazon Air will enable faster deliveries in top metros: Logistics VP Akhil SaxenaAmazon has partnered with Quikjet Cargo Airlines to launch Amazon Air which will initially look to deliver goods in cities like Bengaluru, ...
- Swiggy, Google announce layoffs; search giant vows to cooperate with CCI on Android rulingSwiggy and Google are the latest tech firms laying off employees amid a brutal funding winter and fears of a US recession. The food deliver...
- Exclusive: Dunzo likely to raise $100 million via convertible notes; data localisation norms hit roadblockOver the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessfu...
- Delhivery net loss more than triples in Q1, Microsoft joins ONDCDelhivery, which went public in May, has reported a net loss of Rs 399 crore for the quarter ending June 30, more than tripling the Rs 130 ...
- Small businesses thrived without Amazon or Flipkart. So did the logistics industryWith small businesses finding solace in the e-commerce model, the logistics industry tagged along.
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