BUSINESS
The layoff story at Koo: Hush-hush agreements, but nothing written, led to forced resignations
The Tiger Global-backed startup has trimmed 30% of its 260-member workforce, or about 80 employees, over the past year or so.
BUSINESS
VC funds flow to startups dries up 25% in first quarter of 2023, says KPMG
The latest figure was also the joint-lowest since the second quarter of 2018, when Indian startups raised $1.7 billion.
BUSINESS
Tiger Global-backed Koo trims workforce by 30%
Founded in 2020 by Aprameya Radhakrishna and Mayank Bidawatka, Koo has so far raised over $70 million from investors like Accel, Blume Ventures, Kalaari Capital, 3one4 Capital and others.
BUSINESS
Furniture rental startup Rentomojo hit with data breach
The company said it is weighing all options, including legal routes to minimise the impact of the breach.
BUSINESS
Swiggy launches Maxx to offer e-commerce-like experience in an hour
The pilot currently delivers only to certain regions of Bengaluru, and Swiggy is understood to expand to other regions and categories based on the results it yields from the current foray.
BUSINESS
Blinkit mess: Quick-commerce rivals feast on as sales surge, marketing costs drop
New users are unlikely to remain on the platforms as consumers tend to shift back to their go-to app whenever things get back to normal, said some executives, unless Blinkit fails to resolve the issue this week
