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LIDO LEARNING BANKRUPTCY
Peak XV Partners-backed AI startup Nintee shuts shop; to return capital to investorsAI startup Nintee, led by Paras Chopra, closed after struggling to compete with bigger platforms. Funding to be returned. Employees offered...
FrontRow shuts shop, likely to return 20% of capital raised to investorsBengaluru-based FrontRow, which raised $18 million since 2020, had laid off 90% of its employees over two rounds to rein in costs in a fail...
Startups and their new normal: Funding crunch, disgruntled employees and allegations of fraudWith the global liquidity situation changing, institutional investors were no longer interested in waiting patiently for startups to go hyb...
Byju’s begins another round of layoffs; to impact 500-1,000 employeesThe fresh set of layoffs at Byju's is expected to impact employees across marketing, sales, business development as well as product and tec...
Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exitsThis time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Long...
Top tech firms flag tokenisation worries; Lido Learning workers get final settlement offerThey are now – through an industry body – seeking the Reserve Bank of India’s (RBI) intervention to ensure hassle-free transactions once me...
Lido sends final settlement offers to its employeesTeachers, educators, counsellors, and administrative staff have also received a similar offer, the people said requesting anonymity.
New draft rules to tackle fake online reviews; IT ministry junks draft data anonymisation guidelinesA senior official in the Department of Consumer Affairs tells us the centre has finalised draft guidelines on countering the spread of fake...
Cash-strapped edtech startup Lido Learning files for bankruptcyLido Learning’s board passed a resolution in an extraordinary meeting held on September 5 to file an application under Section 10 of the In...
Google to allow fantasy gaming apps in India pilot; strike hits Dunzo Daily ops in BengaluruGoogle said on Thursday it is conducting a pilot to allow the distribution of Indian-made daily fantasy sports (DFS) and rummy apps on the ...
Another crypto firm freezes withdrawals; Byju’s says Aakash payments doneThe Singapore-based crypto platform Vauld said earlier today it has frozen withdrawals and trading
Open is India’s latest unicorn; Amazon asks RBI to audit Future RetailNeobanking platform Open has closed a $50 million funding round led by IIFL Finance at a valuation of $1 billion, sources told us. This mak...