Tuesday, March 28, 2023
Outlook India
Outlook Business


Paytm Growth Report: Has The Company Turned A Corner After Disastrous IPO Debut?

After posting a 76 per cent year-on-year growth in revenue from operations during September 2022, at Rs 1,914 crore, it appears that its founder and CEO, Vijay Shekhar Sharma, finally has profitability in his crosshairs

Vinita Bhatia 08 / 11 / 2022

Unacademy Fires 350 Employees In Third Round Of Lay Off In A Year

Earlier, Munjal promised his employees that the company would not lay off any more employees through an internal note to his employees in July

14 / 11 / 2022

Byju's Takes An U-Turn, To Continue With Thiruvananthapuram Office

As part of its rationalisation process, the edtech was considering shutting down its operations in Thiruvananthapuram, Kerala

03 / 11 / 2022

Raising $120 Million, Udaan Likely to Delay Its IPO

With this round, Udaan claimed that the total funds raised through convertible notes and debt in the last four quarters have crossed $350 million .

28 / 10 / 2022

Zomato-backed Shiprocket is the latest entrant to India's unicorn club

The logistics start-up raised Rs 260 crore from existing investors Temasek Holdings and Lightrock India

18 / 08 / 2022

Prior to this, Innovaccer laid off nearly 8 per cent of its workforce (around 90 employees) in September 2022

Vinay Sati, the founder of Sati Pharma Agency, unveiled a delivery scam in Zomato and wrote it on LinkedIn

EaseMyTrip has bagged $31.5 million since its inception

The company reportedly communicated to restaurant partners that it would look to close down the service

Prior to the layoffs, the Bengaluru-based start-up told its employees that it would skip increments and restrict the hiring process for calendar year 2023

On Thursday, multiple media sources claimed that Swiggy is planning to terminate 10 per cent of its employee bandwidth

Though funding dipped by 33 per cent in India, 13 unicorns managed to stay profitable in 2022, as per the latest Tracxn report

Chasing profitability, the start-up has also shut down verticals including infotainment service Ola Play, used-cars platform Ola Cars, and quick-commerce...

Paytm Payments Bank is a joint venture between Paytm and its founder Vijay Shekhar Sharma

This is the second round of layoffs by the conversational automation start-up which became a unicorn in February 2022 after raising $400 million