05 Mar 2020

1. SoftBank-backed Indian startup Oyo to cut 5,000 jobs globally4 Oyo said on Wednesday it is laying off 5,000 people from its global workforce as the Indian budget hotel startup looks to cut its spendings and chase profitability. The latest round of job cuts would reduce Oyo’s headcount to…

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26 Nov 2019

1. WhatsApp Invests $250,000 Into Indian Startup Ecosystem The investment will provide 500 startups approved by the Department of Industrial Policy and Promotion (DPIIT) with $500 (roughly Rs. 35,800) each of Facebook ad credits. Facebook-owned WhatsApp on Monday announced to invest $250,000 (roughly Rs. 1.8 crores) worth ad credits…

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19 Nov 2019

1. Jeff Bezos to visit India in January may meet PM Modi The Amazon chief is likely to make a case for a stable business climate and policy continuity, highlight the point that co-creates jobs and empowers small businesses. The world’s largest online retailer is said to be worried…

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12 Nov 2019

1. Paytm plans to invest Rs 500 crore in tech startups The company said it expects to employ technology across the growing internet to become the dominant player in AI. The company typically invests Rs 200-250 crore every year in intellectual properties or companies building complementary technologies such as…

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07 Nov 2019

1. Bull run for private technology funding market coming to an end: Softbank’s Deep Nishar Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation. SoftBank…

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06 Nov 2019

1. Inside the high-stakes race to build the world’s first flying taxi Lilium, which has raised more than $100 million from investors, illustrates the high-wire act of the companies trying to live up to the hype. At least 20 companies are in the market, which Morgan Stanley estimates will…

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26 Oct 2019
iPhone image

1. Early Diwali hurts Amazon’s Q3 growth According to analysts, Amazon and rival Flipkart sold goods worth $3 billion, or about Rs 21,380 crore in India during the first leg of the festive sales period, a growth of 30% over last year. Analysts said Amazon’s India business reduced the…

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24 Oct 2019
Startup NEWS Oct 24, 2019

1. Google Pay net jumps 83% to Rs 33 lakh The firm also reported a jump of 100% in its net revenue, which has reached Rs 3.8 crore against Rs 1.9 crore a year ago. Google offers UPI-based mobile payments in India and payment services for multiple paid products…

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17 Oct 2019
Startup NEWS

1. Cars24 has closed $100 million in Series D funding Lead investors Unbound and KCK Global put in $25 million each. The latest fundraising comes a few months after Cars24 received its non-banking financial company license from the Reserve Bank of India. Source: ET 2. Intuition + intent + involvement:…

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15 Oct 2019

1. Ratan Tata to invest in Tork Motors Tork Motors is gearing up to launch its flagship electric motorcycle in the next few months. I place good value on the sound logic and the approach that the team at Tork Motors has taken,” Tata Sons Chairman Emeritus Ratan Tata…

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