BUSINESS
Founders have to take tough calls in difficult times: Vedantu CEO Vamsi Krishna
Vedantu’s move of laying off 624 employees comes amid murmurs that the edtech sector in India is slowing down with schools and physical tuition classes reopening, thanks to decreasing COVID-19 cases across the country.
BUSINESS
WSO2 completes $93 mn Series E funding round with investment from Info Edge
Earlier in November 2021, lead investor Goldman Sachs Asset Management Private Credit invested in the first tranche of the Series E round.
BUSINESS
Young talent still open to joining startups but are asking more questions amid layoffs, funding freeze
Over the past few months, startups have laid off thousands of employees after a boom year in which they received multiple job offers and been hired for sky-high salaries and with offers of incentives like BMW cars. Layoffs and shutdowns have become the norm in the face of a funding crunch
BUSINESS
Be conservative with hiring, capital will be constrained: Orios Venture Partners to investees
Orios Venture Partners also advised founders of its portfolio companies to close deals with investors and avoid waiting for better offers as there might not be any
BUSINESS
High Street Essentials raises Rs 40 cr from Stride Ventures
The fashion house also announced its brand Indya’s foray into the premium occasion wear category, with a new range, Indya Luxe.
BUSINESS
Things not looking good, startups should take money even on previous round’s terms: Y Combinator tells founders
The startup accelerator says a company that has raised Series A funding at pre-product-market fit, should not expect another round to happen until it has hit product-market fit, in the current economic downturn.
BUSINESS
Moneycontrol Masterclass | Crypto slump to last up to 18 more months
Indian crypto exchanges are facing additional challenges on taxation and withdrawal of support from banks in the absence of regulations
BUSINESS
Amazon launches Smart Commerce, aims to to transform local stores into digital dukaans
Amazon plans to digitise one crore small businesses across the country by 2025.
BUSINESS
Infosys skips meeting with Labour Ministry, IT union again
Before today's meeting, the Labour Ministry had issued another notice to Infosys to hold a joint discussion on April 28, which the IT major did not attend.
BUSINESS
Bit by bit the community at BITS is sailing the boat of entrepreneurial spirit
Over the years, BITS has been inching closer to the IITs or Indian Institutes of Technology, which continue to dominate the country’s startup and unicorn ecosystems. BITS has been gradually creating a brand for itself in the world of entrepreneurship, similar to that of the 23 IITs, which investors love.
BUSINESS
HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao
In 2020, HCL Technologies opened a global development centre in Colombo. Currently, the company’s 1,700-odd employees are working from the island nation amid an economic crisis and political turmoil.
BUSINESS
Up to 90% of our team will permanently work from home: Zerodha CEO Nithin Kamath
Core team will work on a hybrid model
BUSINESS
Tech Mahindra clocks best revenue growth in seven years, Gurnani reappointed CEO till December 2023
Its net new TCV (total contract value) for the quarter came in at $1.01 billion, up 44% quarter-on-quarter (QoQ), signaling a strong pace of deal making.
BUSINESS
Agri-tech Fyllo raises $2 million from Triveni Trust, IAN and others
The startup will use the funds to expand to new markets and cover more crops
BUSINESS
Demand continues to be robust despite unpredictable times: HCL Tech chairperson Roshni Nadar Malhotra
Roshni Nadar Malhotra also said that she has added more woman directors to the board since she took charge as the Chairperson.
BUSINESS
Shopflo raises Rs 20 crore seed funding from Tiger Global, TQ Ventures, others
With this round, Tiger Global has made its first seed investment as the global venture fund is commonly known for taking part in later stage rounds.
BUSINESS
Quick commerce market faces some fast facts
From restaurant aggregator Zomato’s 10-minute delivery to grocery delivery firm Zepto’s 10-minute food delivery service Café, the segment has seen some moves that change its underlying dynamic.
BUSINESS
Practo elevates senior executive Siddhartha Nihalani as Co-founder
In the new role, Nihalani will focus on building products for Practo’s digital-first surgery business.
BUSINESS
Indian Family Business Awards 2021: Tally Solutions wins best family business award
A leader in the accounting solutions space, the company’s roots can be traced back to 1986 when Late Shri Shyam Sunder Goenka suggested to his son, Bharat Goenka, to automate accounting operations for the former’s textiles business.
BUSINESS
Under 15% of funded startups in 2021 led by women: Report
Meanwhile, startups founded solely by women in India raised $116.6 million, or a mere 0.25 percent of total funding bagged by private companies in 2021.
BUSINESS
Companies double salary spending, increase hiring in senior executive roles, says report
Payments made to contractors and gig workers more than doubled, mirroring an almost 88% increase in the number of contractors.
BUSINESS
Swiggy rolls out accelerator to help delivery executives flip collars from blue to white
Such executives are eligible for the role of a fleet manager if they hold a college degree, possess communication skills and basic computer knowledge. In addition, the company said it is also considering reducing the tenure requirement to around two years.
BUSINESS
Newton School secures $25 million in Series B funding led by Steadview Capital
Since its inception, the neo-university has placed over 1,500 aspirants in more than 600 companies including Google, Lenskart, Razorpay, and Flipkart
BUSINESS
Non-compete clause standard, won’t limit career growth: Infosys
While these provisions are not new and are common among companies, they have gained prominence against the backdrop of increased attrition. Infosys reported 27.7 percent attrition for the quarter ended March 31, 2022.
