Curefit Lays off 800 employees, implements salary cuts & shuts down centres in India & UAE
Curefit has reportedly laid off over 800 employees across and shut down a number of gyms and centres across India and the UAE
India
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Travel Triangle board lays off the company’s CEO & CTO
Gurugram, India-based travel and hospitality startup, Travel Triangle has relieved its CEO Sankalp Agarwal and CTO Prabhat Gupta.
Kreator 3D Develops an indigenous ventilator in collaboration with SRM IST and Rizel Automotives
Chennai-based startup, Kreator 3D collaborated with SRM Institute of Science and Technology and Rizel Automotive to design a cost-effective ventilator.
Aker Foods raises undisclosed funding from Mumbai Angels Network
Pune, India-based Aker Foods on April 28 announced that it has raised an undisclosed amount of funding from Mumbai Angels Network.
IIT Mandi Catalyst to disseminate INR 2 Cr among 9 selected startups
The first technology incubator in Himachal Pradesh, India, IIT Mandi Catalyst has recently selected 9 startups to disburse INR 2 crores
OYO appoints Ex-Starbucks COO Troy Alstead as an independent director
India's hospitality behemoth OYO, on Friday (May 1, 2020) announced that the company has appointed Troy Alstead, the former COO of Starbucks
Flipkart invests $28 Mn in its digital payments arm PhonePe
India's homegrown e-commerce giant now owned by Walmart has today announced the development of its digital payments arm PhonePe
Indian singer Sukhbir Singh invests in Delhi-based beauty startup Nature’s Tattva
Nature’s Tattva last week on April 20, made the announcement of its $150,000 funding round led by Bollywood singer Sukhbir Singh and Rakhee Singal
Swiggy to lay off its 500 – 900 cloud kitchen employees
Food delivery unicorn Swiggy plans to lay off around 500 to 900 cloud kitchen staff, which include mostly contractual employees.
Bira91 – India’s beer brand raises $30 Mn funding from Sequoia India & Sofina Capital
Bira91 on April 24 made the announcement of its latest bridge investment round of $20 million led by Sequoia India and Belgium's Sofina Capital.
Udaan lays off contractual employees amid COVID-19 – Offers one-month compensation & recommendation letter
India's B2B e-commerce startup unicorn has reportedly laid off several employees working on contractual basis with the company.
Itilite – Bengaluru-based SaaS startup raised $13 Mn from Greenoaks & Dubai’s Vy Capital
Bengaluru based software-as-a-service (SaaS) startup Itilite that focuses on business travel on April 18 raised $13 million from Greenoaks and Dubai's Vy Capital.