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PAYU LAYOFFS
Pine Labs IPO; Raphe mPhibr, ShopOS raise fundsPine Labs has filed its IPO papers with Sebi to raise Rs 2,600 crore. This and more in today’s ETtech Top 5.- PayU’s new acquisition; X sues Indian governmentFintech firm PayU has backed a payments infrastructure company to bolster its presence in the sector. This and more in today's ETtech Top 5.
- Ola Cabs CEO quits; Elon Musk scores big win in ChinaJust three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in today’s ...
- Byju’s defence in NCLT; deep dive into quick-commerce playThe Bengaluru bench of NCLT asked the petitioner – Glas Trust Company LLC – to issue a notice to Byju's for defaulting on payment of the $1...
- Startup employees look for exits amid crises; outside talent reluctant to joinPeople do not want to put their reputations at risk, and that is now becoming the case when working at such companies. According to recruit...
- Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investmentProsus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...
- 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...
- More cost cuts at Indian startups as funding plummets; LazyPay, Kissht hit by Govt app banFaced with a severe fund crunch, big and small startups are now shedding non-core businesses as part of further steps to cut costs. While i...
- MeitY ban on loan apps includes non-Chinese players too; Dell to lay off 6,650 employeesOn Sunday, the Indian government issued orders to block 138 betting and gambling apps and 94 loan providing apps due to foreign links on an...
- 'Devastated, shocked': sacked Google employees left distraught as layoffs impact 12,000Google parent Alphabet on January 20 announced that it plans to layoff about 12,000 employees or 6% of its global workforce.
- The AI chatbot that dragged Microsoft to hellThis week, news website Semafor reported that the software giant is in talks to invest $10 billion in OpenAI, the company behind the revolu...
- Exclusive | 150 staffers lose jobs as PayU lays off 6% of its workforceA person aware of the matter said the layoffs are spread across various teams and mainly impacted PayU India’s unit, Wibmo, a digital payme...
- Indian fintech faces tough 2023; PayU India lays off 6% of employeesThe operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory c...
- Swiggy, PayU seeing strong growth, says Prosus; Sebi move jolts fund industryProsus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and pa...
- Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...
- 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...
- Correction just getting started, says Alpha Wave; early-stage deals bloom in ‘funding winter’This, he said, has left the fund perfectly poised to land deals for “outstanding companies at sane prices” as it believes the correction in...
- Paytm signs non-exclusive term sheet to acquire FreeChargeVijay Shekhar Sharma-led Paytm is in advanced stages of discussions to raise up to $1.9 billion in fresh funding from Japan’s Soft-Bank tha...
- Jasper Infotech pumps in additional Rs 30 crore into FreeChargeThe latest capital infusion comes a little over two months after Jasper put in Rs 390 crore in the Bengaluru-based mobile wallet provider.
- India's bleeding startups stare at a harsh summer, hands out pink slips to hundredsWhile the trouble at Snapdeal has grabbed attention, others such as Craftsvilla, YepMe and Tolexo are among the startups that have fired st...
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