OYO to restore full salaries for employees in India and South Asia
India's hospitality unicorn OYO in a recent statement has revealed that the company will reverse the pay cuts for its employees
India
Funding rounds, acquisitions, regulatory shifts, and major business developments from across the Indian startup and technology landscape.
Gurugram’s used-car marketplace Spinny acquires Truebil
Gurugram, Haryana-based used car marketplace Spinny has reportedly acquired Truebil, another used-car marketplace from Mumbai
Tanzania’s SSC Capital teams up with Halal Angels Network to tap African market
Halal Angels Network is among the first to penetrate the $5 trillion Halal consumer market has teamed up SSC Capital of Tanzania
ShareChat denies reports around its $40 Mn funding
ShareChat has denied all reports regarding its $200 million fundraising from existing backers to scale its new TikTok-like video offering Moj.
HT Media to acquire VCCircle.com parent Mosaic Media from News Corp
HT Media Ltd, is reportedly projecting plans to acquire the VCCircle.com parent entity Mosaic Media Ventures Pvt. Ltd from News Corp.
Swiggy to layoff 350 employees due to COVID-19
After laying off 1100 employees back in May, Swiggy is again set to lay off 350 employees as a part of its realignment exercise amid COVID-19.
Social-commerce startup BulBul raises $8.7 Mn funding from Info Edge
Gurgaon, Haryana-based BulBul, a social-commerce startup that lets people sell their products by leveraging its video streaming avenue, has raised $8.7 Mn
Freshworks – India’s SaaS unicorn startup scoops $85 Mn from Steadview Capital
Freshworks (formerly, Freshdesk) on Monday announced that it has raised $85 million from Steadview Capital, a London-based alternative asset management firm.
Zoho to set up 250-bed hospital for rural in Kattankulathur, Tamil Nadu
India's home-grown SaaS giant Zoho has recently announced that the company is projecting a 250-bed hospital in Kattankulathur district, Tamil Nadu.
Bengaluru’s Ather Energy scoops INR 84 Cr from Hero MotoCorp
Bengaluru-based electric scooter manufacturer, Ather Energy has today raised a sum of INR 84 crore (around $11.2 million) from Hero MotoCorp.
Bollywood duo Genelia and Riteish Deshmukh launch plant-based meat venture
Genelia Deshmukh and Riteish Deshmukh stepped into the entrepreneurship club by launching Imagine Meats, a plant-based meat production company
Finin – Neobanking startup scoops funding from Unicorn India Ventures
Bengaluru-based neobanking startup, Finin on Monday closed a Pre-Series A round from Unicorn India Ventures' Fund II, PointOne Capital and Astir Ventures.