Thursday, April 25, 2024
Outlook.com
Outlook India
Outlook Business

Indian Start Up

With this, Swiggy joins the list of start-ups, who despite adverse macroeconomic situations, have initiated ESOP liquidity programmes

The company registered significant growth in this quarter

This has been the second round of layoffs for the company

He said the pro-business reforms unleashed by the central government in the last nine years are laying a strong foundation for New India

The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY

Chandrasekhar, who is the Minister of State for IT and Electronics, said the world of technology will continue to disrupt and shift, and added that constant innovation is the only real solution for the longevity of ventures in an unending world of change and...

The firm had received a foreign direct investment of nearly Rs 28,000 crore between 2011 and 2023

The company did not provide an explanation for the layoffs, which affected the tech, engineering and sales departments

The incident highlights the importance of implementing robust security measures to protect sensitive data

These start-ups are eligible to avail of fiscal incentives under the Startup India action plan of the government