OYO reportedly cutting salaries for all employees by 25%, internal memo reveals

Fresh from a lay-off, OYO has now reportedly announced 25% salary cuts…

Swiggy to lay off hundreds from its cloud kitchens business

The catastrophic economic impact of coronavirus pandemic has led to unprecedented layoffs…

Paytm says its Payments Bank deposits have now crossed ₹1000 crores, introduces Direct transfer of subsidies

Paytm Payments Bank Ltd., a subsidiary of Indian digital payments giant Paytm,…

Y Combinator confirms a remote-only Summer 2020 batch

In what was already hinted a while back, Y Combinator has announced…

UK government sets up £250 million ‘Future Fund’ to bail-out coronavirus impacted startups using public money

The U.K. government today announced a bailout package for “high-growth” startups across…

India withdraws permission to ecommerce companies for delivering non-essential goods during coronavirus lockdown

In a move that could act as a body blow to some…

India’s new FDI policy requires govt. approval for all Chinese investment in Indian companies, including startups

In a move that is aimed at restricting “opportunistic investments” from Chinese…

Conversational AI startup Yellow Messenger lands $20 million in Series B

Bengaluru-based conversational AI startup Yellow Messenger has landed a $20 million funding…

Stripe lands an additional $600 million in Series G at a $36B valuation

It is a well established fact, that the global economy is in…

AI-powered logistics startup FarEye grabs $25 million in Series D to fuel overseas market growth

If you’ve ever wondered how the Dominos app predicts the time it…

Airbnb raises another $1 billion in debt

Days after announcing a $1 billion debt+equity round, Airbnb is announcing yet…

Paytm subsidiaries could get listed soon, parent company IPO still far, says founder Vijay Shekhar Sharma

Paytm, unarguably, is one of those early Indian startups, which paved the…

Softbank projects Vision Fund losses at a staggering $24 Billion

In what seemed almost certain, Japanese tech behemoth Softbank announced today, that…

Digital lender Capital Float announces closure of its $15 million round from Amazon, Sequoia among others

One sector, that could see some surge in usage in the current…

Sony invests $400 million in China’s Bilibili for a 5% stake

Sony has recently announced that it has invested $400 million in China…

SOSV’s MOX accelerator invests in India-based shortform video-only talent marketplace ‘Joynt’

The $700Mn US-HQed VC firm SOSV has announced an undisclosed investment into…

BigBasket has reportedly raised $60 Mn in a bridge round to meet surge in demand

According to multiple unconfirmed media reports, online grocery platform BigBasket has reportedly…

Online quizzing platform Zupee bags $8 Million in Series A from Matrix India and others

Online skill-based gaming app Zupee, has announced raising of an $8 Million…

OYO is laying off more in the US, citing coronavirus outbreak as the reason: Report

OYO, which is fresh off from some recent layoffs, is back to…

Airbnb announces $1 billion debt+equity fundraise, to focus on ‘Experiences’ and long-term stays

While the hospitality industry takes a beating due to the ongoing coronavirus…