Article on January 18, 2023
SaaS Startup Exotel Fires Around 142 Employees
The startups did not pay any severance packages to the impacted employees. The company claims that it handed the pink slips to the employees after reviewing their performance
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Women's Health App SocialBoat Bags $200K From Plan B Capital
The funds will help SocialBoat scale its technology platform, strengthen its tech team, according to media reports
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GoMechanic Sacks 70% Of Its Workforce, Founder Admits To Financial Misreporting
Several tech or SaaS-based companies have been firing a significant number of their workforce, including Rebel Foods, Exotel, and Dunzo
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Startup Podeum Bags $1 M From Titan Capital, Others
The funds will be used to further grow the sports creator ecosystem and invest in products to grow fan offering. The startup was founded in 2022 by Ayush Prashant, Dhananjay Mishra, Mayank Sharma, and Parthsarthi
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ITC Forays Into Food Sector, Acquires Yoga Bar
The company said it has signed a Binding Term Sheet to acquire 100 per cent of the share capital (on a fully diluted basis) of Sproutlife in one or more tranches
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Venture Capital Invests Over $2.5 Bn In Green Financing In Last 36 months
The research report also suggests that for agritech, most farmers would need financial incentives to shift from existing practices to adopting new technologies
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A91 Partners Invests Rs 245 Cr In Shivam Shahi-led Blue Tokai: Report
Recent funding round saw the participation from The White Whale Ventures and existing investors
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TradeIndia Lends Rs 50 Cr To MSMEs In Six Months
To provide loan credits, it has partnered with a number of lending platforms, including Mintifi, ICICI Bank, Indifi, Flexiloans, IIFL Finance, Electronica Finance, and MoneyWide. It also provides same-day loans of up to Rs 5 lakh within 24 hours of application
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BharatPe's Co-founder Koladiya Files Lawsuit Against Ashneer Grover To Reclaim Shares: Report
BharatPe Co-founder Koladiya Files Lawsuit Against Ashneer Grover To Reclaim Shares: Report
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Rapido Moves SC After It Shuts Operations In Maha On Bombay HC Orders: Report
High Court ordered Rapido to stop operations in Maharashtra immediately last week as it does not have a license to operate bike taxi or rickshaw services
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