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PHONEPE LAYOFFS
Amazon primes a Blinkit showdown; New insurance models prop upHappy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morni...- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
- ETtech Top 5: Top tech and startup stories of the dayHere are top 5 tech and startup stories of the day.
- Dunzo app, website go offline post cofounder Kabeer Biswas exit to FlipkartDunzo's website and app went offline following CEO Kabeer Biswas's departure to Flipkart. The startup has struggled financially despite rai...
- PhonePe slashes 60% of its customer support agents over 5 years in AI eraPhonePe has reduced customer support staff by 60% in five years, leveraging AI-driven chatbots to resolve over 90% of issues, amidst a 40-f...
- PhonePe’s Rs 800 crore in-house bets; layoffs at AllenFintech giant PhonePe has put big money into its subsidiaries to grow businesses such as insurance broking, wealth management and hyperloca...
- PhonePe explored investment in Dunzo’s merchant businessHowever, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.
- Exclusive: Reliance JioMart lays off 1,000 employees; govt groups may submit AI rules framework soonLayoffs have now hit Reliance Industries, with its wholesale format JioMart sacking over employees, as per people in the know. This and mor...
- ZestMoney to lay off 100 employees after PhonePe acquisition falls throughZestMoney’s founders and leadership informed employees about the layoff at a town hall meeting on April 6, they said. The impact is expecte...
- PhonePe’s ecommerce app Pincode goes live; funding in Indian startups may temporarily pause: RBIFintech major PhonePe has thrown its hat in the Open Network for Digital Commerce (ONDC) ring by announcing the launch of its ecommerce app...
- PhonePe calls off deal to acquire ZestMoney; Unacademy to slash 12% of workforceIn the end, it was much ado about nothing. After months of back and forth and oohs and aahs, PhonePe, one of India’s leading fintechs and t...
- Indian techie sacked after 3 days at work by Meta, now lands new jobVishwajeet Jha took to LinkedIn to share his story after getting laid off, saying: "Yesterday morning, I found out that I am one of the 11,...
- PhonePe raises $100 million in fresh funding; Deepinder Goyal dismisses talks of attrition at ZomatoThe fundraise follows PhonePe’s recent change of domicile to India and full separation from the Flipkart group. Flipkart doesn’t own any st...
- Pricewaterhouse flagged discrepancies in GoMechanic’s FY20 audit; PhonePe raises $350 million with more to comeA senior executive at one of the ‘Big Four’ audit firms said qualifications are always a negative for a company and it means the company be...
- Google suffers setback in Supreme Court; PhonePe raises $350M with more to comeEarlier today, the Supreme Court turned down a request from Google to block an order by the Competition Commission of India that would forc...
- Flipkart marketplace arm gets $90 million cash infusionThis is the first cash infusion in Flipkart's marketplace arm in 2023. The resolution to infuse new capital was approved on December 29, 20...
- UPI market share rules postponed; Amazon plays down India layoffsIn November 2020, the National Payments Corporation of India announced controversial new rules that sought to cap the market share of indiv...
- Vedantu to sack another 424 employees; PhonePe to buy WealthDesk, OpenQ for $75MEdtech unicorn Vedantu said it is laying off another 424 employees – about 7% of its workforce – just days after sacking 200 contractual an...
- PhonePe to hire upto 550 people this yearThe company is looking to add roles across the board, including engineering, corporate functions, sales, business development, and marketin...
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