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EULER MOTORS LAYOFFS
IT firms trim bench strength; GCCs focus on complianceHappy Thursday! The country’s top IT firms have seen a massive drop in their bench strength, i.e. employees not on active projects. Find ou...- FAME 3 rollout soon; Euler Motors fundraiseThe next edition of the electric vehicle incentive scheme is likely to be unveiled within months of the new government taking charge. Detai...
- 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...
- Razorpay, Cashfree eye lost market share, ShareChat’s third round of layoffsWith the PA license in place, both Razorpay and Cashfree have set up "war rooms" with executives from across teams. The aim is to reach out...
- ShareChat fires another 15% staff; inside the rush for a payment aggregator licenceVernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in today’s ETtech Top 5.
- Euler Motors net loss jumps five-fold to Rs 175.44 crore in FY23The Delhi-based company reported a 250% on-year jump in revenue from operations to Rs 61.53 crore, according to its financial statements fi...
- Bhavish Aggarwal's Krutrim AI plans; Elevation Capital report on startup outlookOla founder Bhavish Aggarwal on Friday unveiled the large language model (LLM) Krutrim, which he described as ‘India’s own AI’. This and mo...
- Third Wave Coffee lays off employees months after fundraiseThird Wave confirmed the layoffs to ET in a statement, saying that it was a “one-time restructuring exercise to consolidate our teams”.
- 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...
- GIC-backed Euler Motors cuts 250 jobsThe severed roles were largely related to sales and R&D, sources said. This is at least the second electric vehicle (EV) startup to cut job...
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