Salman S.H
Stories by Salman S.H
India’s OYO to lay off majority of furloughed staff in US
Despite showing some recovery, its US revenue is still 25% below January levels.
India: Byju’s set to hire 4,000 people as demand for online courses skyrockets
In March alone, the platform added six million new students on the platform and another 7.5 million students in April.
India: Edtech startup Vedantu invests $2m in doubt solving app Instasolv
Instasolv helps students to resolve doubts instantly with a focus on grades 6 to 12 and students aspiring for IIT JEE and NEET.
India: Bike taxi app Rapido launches logistics service for businesses
The service can be availed by both offline and online businesses, and is currently operational in Bengaluru, and Vijayawada.
Internet startups, VCs in India raise concerns over Facebook-Jio deal
Naspers, which has invested in Byju’s, PayU, Swiggy and Meesho, perceives the Facebook-Jio deal may competitively impact some of its portfolio firms
Indian cricketer Shikhar Dhawan backs yoga, wellness startup Sarva
Sarva has been focusing on ramping up its digital presence, while also offering services in brick-and-mortar studios.
India: Tight on cash despite layoffs, startups mull shutting down ops
Several startups have resorted to layoffs and salary cuts to keep themselves afloat.
India: Online travel firms see 40% demand revival in flight bookings
They are now betting on reopening of domestic tourism and intrastate leisure travel to increase sales on their platforms.
India: BankBazaar raises $6m from WSV Capital, existing investors
Existing investors including Amazon, Sequoia India, Experian and Eight Roads also participated in the round.
India: Tech startups turn to venture debt as funding volume dips
In recent weeks, more than 100 startups have expressed their interest to raise debt from at least three different venture debt investors.
