Unacademy leadership to take salary cuts of up to 25%, says edtech’s founder Gaurav MunjalIn a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s leadership including founders wil...
31 Mar, 2023, 02.03 PM IST
Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy InstamartPhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple peop...
31 Mar, 2023, 01.32 PM IST
Unacademy to slash 12% of workforce in another round of layoffsUnacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Relevel had fired 40 employees in Jan...
31 Mar, 2023, 01.18 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
Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...
02 Feb, 2023, 10.13 PM IST
Exclusive: More consumer internet startups like ShareChat, Dunzo, Rebel Foods join layoff waveThe latest developments at ShareChat, Dunzo and Rebel are an extension of what has transpired in the so-called new economy over the last si...
16 Jan, 2023, 08.30 PM IST
CCI order would cause irreparable harm, Google tells SC; Ola stops lending through Avail Finance appThe company has asked the Supreme Court to put on hold the remedial measures ordered by the CCI, which kick in from January 19, according t...
11 Jan, 2023, 07.36 AM IST
Job-tech firms hit as startup hiring falls; IT firms’ clients focus on smaller deals amid downturnEdtech startups such as Masai School, Simplilearn and Relevel are reworking their approach because of the slowdown in the job market, espec...
22 Dec, 2022, 07.58 AM IST
Jobtechs eye non-tech firms in hiring winterOnly 11,000 active monthly openings posted across startups in Oct: Xpheno
22 Dec, 2022, 06.00 AM IST
Unacademy monthly burn down to $7 million from $20 million: CEO Gaurav MunjalTaking to Twitter on Friday (November 4), Munjal said, "Winter will get worse. Get to profitability asap. And then grow from there. Stop al...
04 Nov, 2022, 06.06 PM IST
Unacademy's PrepLadder lays off 2.6% of its workforceUnacademy had acquired Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, for $50 million in ...
18 Jun, 2022, 03.12 PM IST
What’s next for Unacademy as it slashes 1,000 jobs in a massive cost-cutting exerciseAccording to people aware of the matter, out of the 1,000 employees who have been fired in the past few weeks, about 300 were educators on ...
07 Apr, 2022, 10.07 PM IST