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...
14 Jan, 2025, 06.36 PM IST
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...
21 Oct, 2024, 02.06 PM IST
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...
24 Apr, 2024, 10.29 AM IST
PhonePe explored investment in Dunzo’s merchant businessHowever, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.
18 Dec, 2023, 12.04 PM IST
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...
11 Dec, 2023, 10.43 AM IST
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...
23 May, 2023, 09.30 AM IST
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...
07 Apr, 2023, 10.38 PM IST
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...
04 Apr, 2023, 07.28 PM IST
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...
30 Mar, 2023, 07.49 PM IST
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,...
23 Mar, 2023, 10.47 AM IST
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...
14 Feb, 2023, 07.15 PM IST
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...
20 Jan, 2023, 07.53 AM IST
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...
19 Jan, 2023, 09.38 PM IST
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...
10 Jan, 2023, 08.30 PM IST
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...
02 Dec, 2022, 07.25 PM IST
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...
18 May, 2022, 07.23 PM IST
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...
05 Jun, 2020, 09.36 AM IST