Zomato needs to make some more money, won't lower restaurant commissions: CEO
"We are not profitable. We need to make some more money from somewhere. So, absolutely not taking rates down,” Goyal said.
Realty startup PropReturns raises funds from Cred's Kunal Shah, others
The company, which was founded by BITS Pilani graduates Kenish Shah, Jayant Panwar, and Somil Mathur in 2021, has raised "an undisclosed amount of funding via a strategic round from the leading angel investors."
Blinkit promotes long-time exec Rishi Arora to co-founder
Sajal Gupta, who has been serving as engineering manager in the quick commerce startup since January, has also reportedly been promoted to the role of tech chief.
Pseudonymous social network Zorro rebrands as Hood ahead of US expansion
Hood allows users to share, confess and discuss various topics freely using a pseudonym on the platform.
Substack laying off 14% of its staff
Substack CEO Chris Best told employees that the cuts affected staff members responsible for human resources and writer support functions, among others, according to a person familiar with the discussion.
Start-up Street | Harmony between investors and entrepreneurs critical to a start-up's success
Investors and entrepreneurs may publicly make a show having aligned interests but an undercurrent of tension and conflicting interests is always present
Slice gets shareholders' approval to raise Rs 200 crore through NCDs
The debenture issue follows the company's Series C round where it raised $50 million
Rupifi introduces MUNAFA community platform to help MSMEs
MUNAFA will serve as a trusted source of information, content, and business connections for Indian MSMEs supporting them across every stage of their journey, the fintech said.
Prepare for scrutiny if you want to play the big boys' game: Experts on RBI's recent fintech crackdown
The RBI's notification could be the end of credit-linked prepaid cards and wallets
Loco launches Legends, an NFT platform for esports
The first asset on the Loco Legends platform will be NFT esports cards, which combine NFTs and free-to-play esports fantasy gaming
Ola to shut Dash, its quick commerce business, and merge cars unit with electric division
The firm has said the move is part of its strategy to accelerate its electrification journey and build on its core capabilities in mobility and financial services
Game dev tools startup CloudFeather Games bags $1.25 million from Lumikai, others
CloudFeather Games is building a suite of competitive formats that aims to provide developers a new way of monetisation beyond in-app purchases and ads.
WinZO picks up majority stake in Upskillz Games for Web3 gaming foray
WinZO will onboard Upskillz's blockchain and Web3-based offering to its content portfolio while also adding its 1.3 million captive audience base to its platform.
Startup layoffs unlikely to spread to other sectors, says Monster India CEO Garisa
Sekhar Garisa expects startup layoffs to continue but is positive on hiring across sectors, with a robust outlook on the IT sector
FanClash secures $40 million from Alpha Wave, Sequoia, Info Edge, Polygon
FanClash aims to bring fantasy sports format to the esports segment, allowing users to build fantasy teams of professional gamers
Mayhem Studios first game title Underworld Gang Wars crosses two million pre-registrations
Mobile Premier League had launched Mayhem Studios last month to develop 'AAA mobile games' for domestic and global markets
Pepper Content raises $14 million for US expansion
Pepper Content helps companies create content through its talent marketplace network of freelance creators
Indian skill gaming startups seek a self-regulatory central policy framework
Skill-based real money gaming, which accounts for a significant chunk of the industry's revenues, has been in the crosshairs of several state governments
Pristyn Care acquires digital healthcare platform Lybrate
Pristyn Care said it is looking to add doctor consultation online services and improve effectiveness in primary healthcare
Clubhouse witnesses two senior management exits
Aarthi Ramamurthy was leading Clubhouse's international product efforts while Anu Atluru was the company's first community head
Exclusive | Mobile Premier League to lay off 100 employees, exits Indonesia market
Mobile gaming segment was one of the big beneficiaries of the COVID-19 pandemic that forced people to stay indoors. which resulted in a massive surge in mobile game downloads and user engagement.
Meta partners Kalaari Capital to help scale early-stage startups
Meta has tied up with sixteen venture capital funds in India as part of its VC Brand Incubator initiative until now
Livestreaming commerce firm Firework bags $150 million funding led by SoftBank Vision Fund 2
This investment will trigger accelerated growth across markets and particularly India, says Firework chief revenue officer Jeff Lucas
Layoffs, shutdowns, funding crunch: The Great Indian Startup Party is over
Startups have also resorted to shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years
