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2 mins read
Sharechat employees will make $19 million out of the latest ESOP plan, as growth spikes in the absence of TikTok
Mohalla Tech, the parent company of vernacular social media platform ShareChat and short video app …
2 mins read
70-plus Indian startups show exit door to 21K techies, more pink slips coming
As global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees…
2 mins read
ShareChat to acquire short video platform MX TakaTak for around ₹4,500 crore
In 2021, Mohalla Tech cumulatively raised $913 million, at a valuation of $3.7 billion. Whe…
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ShareChat's valuation increases by a billion with a fresh $266 million funding round
This is Mohalla Tech's third round of funding in 2021, with $913 million cumulatively raised t…
2 mins read
ShareChat sacks 101 employees due to 'market uncertainties' amid COVID-19
The Bengaluru-based company's cost-saving measures were announced in an email to employees by An…
1 min read
Sharechat acquires hyperlocal information platform which was started by its former employee
With the acquisition, the existing 15-member Circle Internet team has joined ShareChat. "The …
2 mins read
Sharechat’s ESOP pool hits $35 million as company allots $14 million to employees
Indian social media platform Sharechat has announced that it has added $14 million to its ESOP (emp…
1 min read
Over 1,600 techies being fired a day on average in January says tracking site Layoffs.fyi
Homegrown social media company ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its …
1 min read
ShareChat ditches AWS, migrates to Google Cloud to cut costs
Homegrown regional language social media platform ShareChat on Monday said that it has fully migrat…
2 mins read
Unacademy announces ESOP buyback worth nearly ₹30 crore for its employees
India’s latest edtech unicorn Unacademy has announced ESOP (Employee Stock Ownership Plan) buyback …
1 min read
Retail tech platform Dukaan lays off 30% of its workforce; second layoff in 6 months
SaaS platform for online stores Dukaan has laid off nearly 30 per cent of its workforce, or around …
1 min read
Over 23,000 techies lose jobs in nearly 82 Indian startups to date
As layoffs continue to deepen amid recession fears, more than 23,000 employees have been laid off b…
4 mins read
BYJU’s, Zomato, Dream11 among India’s most valuable PE/VC-funded companies as per Hurun
The second edition of the Burgundy Private Hurun India 500 report featured India’s 500 most valuabl…
2 mins read
Online travel booking portal Cleartrip to increase its workforce by 400 by the end of this year
Cleartrip to increase its workforce to 700 employees, a three-fold increase from October last year.…
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Facebook-backed Meesho is the latest to roll out an ESOP buyback plan worth $5 million
Facebook-backed social e-commerce platform Meesho has rolled out an Employee Stock Ownership Plan (…
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Surgical care startup Pristyn Care is the 42nd startup to be valued over a billion dollars in India this year
A unicorn, in startup parlance, is a company valued over a billion dollars. According to Pri…
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Khatabook’s valuation touches $600 million with zero revenue to show
Bookkeeping app Khatabook’s valuation has touched $600 million even though the company is still in …
6 mins read
The worst for Indian startups is yet to come — be prepared for layoffs, unicorn slowdown and startup shutdowns in 2022
Things are not as bright for the Indian startup ecosystem as they were last year. The segment which…
1 min read
Zerodha’s investment fund pumps in ₹10 crore in an enterprise resource planning platform ERPNext
Rainmatter, Zerodha’s investment fund, and fintech incubator has invested ₹10 crore in ERPNext – an…
3 mins read
The cost of selling its IPO has eroded nearly all of Nykaa's profit
Beauty and fashion ecommerce platform Nykaa — which wowed the Indian investors with its stellar deb…