For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
Starting from a team of part-time workers to an employee base that exceeds over 3,000, Wildcraft has come a long way
Globally, the viability of on-demand businesses is being questioned
The Los Angeles-based club has bestowed 'Honorary Life Membership' to the former Indian captain.
Since you can't step out, virtual sessions held by fitness experts have come to the rescue.
Backed by veteran industrialist Ratan Tata, auto portal CarDekho.com, has been revving up its operations in regions like South Asia.
Leading the Indian-Americans on the list is 49-year old Aneel Bhusri.
Byju's has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India.
The Qatar Investment Authority deal follows Byju's raising money from the Canada Pension Plan Investment Board, which was also the first direct investment by the Canadian pension fund in an Indian start-up. In March, Byju's had raised $540 million at a valuation on $5.4 billion, making it the most-valued ed-tech company in the world.
Even at early stage, start-ups are raising more money faster owing to the rise of a lot of specialised early-stage VCs and emergence of seed-stage programmes.
A new Chinese computer system that can make 93 quadrillions calculations per second has claimed the top spot on the list of the world's most powerful supercomputers.
Maharashtra govt, California-based Zipline to launch the automated delivery service funded by Serum Institute.
'India has over 300 million online sports fans, of which over 60 million use fantasy sports as their primary tool for engagement with their favourite sport.'
The idea behind starting Chingari is not to build a TikTok clone but to position itself as a super app for India like WeChat.
This e-series funding round also makes OYO the most valued hospitality company in the country, ahead of the Tata group's Indian Hotels Company, which owns the Taj brand of hotels, and EIH, which owns the Oberoi brand of hotels.
The total staff strength - once 1,100 - is now under 200.
Valued at $5 billion, Byju's has seen growth sky rocket in the last two years on the back of mega VC top-ups.
'Kids like something when it is interesting, focused, and offers scope for self-exploration.' 'We teach them how to learn, not force them,' Byju Raveendran tells Bibhu Ranjan Mishra.
Capillary Technologies building AI-backed products to empower offline retailers
The company did not disclose the valuations at which funds were raised.
The final policy may be out only after formation of the new government, according to sources
The 'angel tax' and notices to start-ups and angel investors from the income tax department was certainly a dampener. However, a bigger factor is the lack of exits.
Company's revenue rises 3-fold to touch $206 million while total cost jumps over 6 times to $500 million
Last year, Zomato was in the news for reportedly dismissing 250-300 employees.
Company says it is just replacing old guard with stronger leaders
With Nikesh Arora's exit from Softbank, India's start-ups have lost one of its biggest supporters.
The family vacation comes a week after the oldest daughter, Malia, graduated from the private Sidwell Friends School at an outdoor ceremony that the family attended.
Micromax to raise up to $1 bn from global investors.
Ola Cabs acquires TaxiForSure in $200-mn deal.
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
Jaydeep Barman and Kallol Banerjee reveal how they built the company from scratch.
Google boss's absence at US-China internet forum meet raises eyebrows.
Pantech, South Korea's No.3 smartphone maker, has been under a debt-restructuring programme after suffering six consecutive quarters of losses.
The Jain brothers' $300 mn-worth Girnar Software has really humble roots.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
New entity is likely to get a top-up of $200 million from a Chinese investor
Reddi has so far made 10 investments in the US.
Zomato is far behind the numbers it promised to its investors for FY16.
Ramping up globally, the Indian restaurant search service is going as local as possible in its markets to improve its brand's stickiness.
'As long as people are eating we will be there,' Rebel Foods CEO Jaydeep Barman tells Viveat Susan Pinto and Niraj Bhatt.
