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ETtech State of Startups 2023: Founders resist valuation cuts as funding drought drags onIn ETtech's annual State of Startups survey, conducted among 80 of India’s top founders, investors and internet executives, turning profita...- Startup story set for better script in new year after unicorns, funds fall in 2023Startups with sustainable business models as well as the well-capitalised ones are expected to weather the current turmoil. And the horizon...
- Turmoil at Byju’s highlights hurdles for India startup sceneAlready stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-pro...
- Exclusive: Behind Tata Neu’s muted first year performance; Gokul Rajaram on Indian startups, valuations & moreTata Digital's much-hyped superapp Neu has had a slow start in its first year of launch. Sources told us that the platform contributed less...
- NCLAT upholds CCI’s Rs 1,338-crore fine on Google; GoMechanic gone in slump saleThe NCLAT bench has directed Google to carry out the competition regulator’s directions and deposit the fine within 30 days. The penalty of...
- ETtech Unwrapped: Confusion, chaos, and disruption in wake of Delhi's bike taxi banThe notice issued by the Delhi government last week warned bike taxi operators such as Rapido, Ola and Uber to not ply on Delhi roads as it...
- Rivals snag users from top payment gateways hit by RBI freeze; RoC seeks MCA nod to examine GoMechanic’s booksPayment aggregator CCAvenue has seen an 18% jump in new merchant sign-ups in the October-December period, while merchant addition tripled i...
- ETtech Long Read: How GoMechanic founders floated new business as trouble mounted at car servicing startupWhile it isn’t unusual for new ventures to approach investors to raise capital at an early stage, March 2022-founded Morsebiz’s journey wea...
- Another crypto company goes bustOne of the world’s largest crypto lenders, Genesis froze withdrawals in November after the spectacular collapse of FTX.
- Layoffs in 2023: the most important stories this weekGoogle is the latest tech firm to trim staff as the economic boom that the industry rode during the Covid-19 pandemic ebbs. The tech giant ...
- Pricewaterhouse raised issues with GoMechanic’s operations in its FY20 auditPricewaterhouse audited financial statements of GoMechanic only for the 2020 fiscal year, following which it was replaced by BSR & Co, an a...
- How GoMechanic unravelled after SoftBank-Khazanah funding round collapsedGoMechanic will initiate financial audit, lay off 70% staff: cofounder Amit Bhasin in a LinkedIn post.
- Investors of GoMechanic seek audit into 'inflated' financialsThe investors - Tiger Global, Sequoia Capital and Chiratae Ventures - have jointly appointed a third-party firm to investigate the matter i...
- GoMechanic founder Amit Bhasin admits to financial misreporting; firm to lay off 70% employeesGoMechanic layoffs will affect about "70% of the workforce", said cofounder Amit Bhasin in a LinkedIn post
- Financial audit, layoffs at GoMechanic after fundraising fails; Tata Tech eyes Rs 4,000 crore IPOWith the funding round falling through and many questions being raised by incoming investors, the company was left with no other option but...
- The unravelling of GoMechanic after SoftBank-Khazanah funding collapsed; Oyo to refile IPO papersWith SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitio...
- 'We got carried away.' Co-founder of GoMechanic, which sacked 70% staff, introspects, here's how LinkedIn reactedAmit Bhasin tried to present his side of the story in a lengthy post.
- 1mg is India’s 21st unicorn of 2022; TikTok hacked, over 2 billion user records stolenTata Digital, a wholly owned subsidiary of the Tata Group, acquired a majority stake (51-60%) in 1mg for a total deal size is in the range ...
- SoftBank plans $35 million bet on India's GoMechanicVision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazan...
- Draft India e-commerce rules continue to roilIn today's ETtech Morning Dispatch: New India e-commerce rules to hit Swiggy and Zomato, Uber and Ola, and MakeMyTrip and Urban Company; Ti...
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