Tarush Bhalla
Stories by Tarush Bhalla
Nearly 47% of Indian startups, SMEs have less than a month of cash left: Survey
With the lockdown impacting business, many startups have reported that capital in the bank has started to dry up.
India: Udaan lays off over 2,000 contractual employees as coronavirus hits supply chains
Over the past month, Udaan has been facing a drop in business under its non-essential categories.
India: Paytm to invest in Rooter Sports’ pre-Series A funding round
Adidas’s family office-run leAD sports accelerator and Anthill Ventures will also participate in this round.
India: PhonePe aims to be profitable by 2022, go public in 2023
The firm's CEO Sameer Nigam speaks about turning profitable, synergies with Flipkart and operations during pandemic.
Hospitality major OYO cuts pay, sends employees on leave in India
Employees who earn less than Rs 500,000 per annum will not be affected by the cuts.
India: Swiggy to lay off 500 people from cloud kitchens amid virus outbreak
The layoffs will take place from its cloud kitchens across nearly ten Tier 1 and 2 cities.
India: Fintech platform YAP raises $4.5m led by SG-based VC firm BEENEXT
This marks the Series A round of funding for the company.
India: Paytm to offer ESOPs worth $33.33m to staff
Paytm said this will widen the base of employees having company shares.
Indian online grocer Bigbasket raises $50m debt funding from Alibaba
The new debt funding comes just a week after BigBasket raised $60 million in a bridge round.
Financial services, gaming strategies to keep Paytm relevant in current times, says CEO
Paytm plans to double down on existing categories like payments, content and gaming and push usage in Tier 3 and 4 geographies.
