Waycool, a fast-growing agri-tech startup, has laid off over 200 employees in Chennai, Bengaluru and Hyderabad in its efforts to turn a profit. This is the third round of layoffs in a year. The company is focusing on streamlining roles and automating processes to achieve financial stability.Despite these challenges, WayCool has raised $341 million from…
A high flying fintech Unicorn, Slice has emerged a winner yet again, as the Nation Company Law Tribunal(NCLT) okays the merger between the company and the North East Small Finance Bank(NESFB). This partnership that was announced back in October fits in well in the company’s plan to revolutionize banking services. The tie up of Slice’s…
“In any market, a brilliant concept supported by a clear vision and competitive plan leads to success.”With the success of their company, the Kolkata-based duo of two friends has proven the above point. WOW Momo is a well-known fast-food restaurant chain with headquarters in Kolkata. They specialize in momos, a typical dish in Nepal, Tibet,…
Founders and Their Vision Aman Gupta an MBA graduate from the Indian School of Business (ISB) and Kellogg School of Management, was significantly experienced in the electronics and audio industry due to his work in companies like Harman International, And Sameer Mehta who had expertise in product design and consumer electronics came together for boAT. The duo identified…
OYO, a hotel startup, got a fresh round of funding of $50 million from InCred Wealth and Investment after a long gap of 3 years. This money will be used for the company’s growth, expansion plans (including buying other companies), and other business goals. The investment values OYO at around $2.38 billion, which is significantly…
Telehealth Startup based in New Delhi Visit Health, as received a mammoth funding of $30 million. The money will be available to turbocharge its expansion and deepen the relationship with wellness platform TatvaCare. This is not the first time Visit Health is venturing into a market. This, the firm that provides customizable wellness and other…
The quick commerce arm of the IPO-bound grocery and food delivery business unicorn has appointed Sairam Krishnamurthy as the senior vice president (SVP) and chief operating officer (COO). In this new role, Krishnamurthy is set to oversee Instamart’s operating units, which will include dark store operations, infrastructure operations, city growth, and expansion. Krishnamurthy has over…
Former Housing.com CEO Rahul Yadav has secured investment from Indian cricketer Yuvraj Singh for his new startup, Intelligent Interfaces. The amount of investment has not been disclosed. Yadav was ousted from Housing.com in 2015 amidst controversy. Yuvraj also mentioned through his facebook account with a picture of Yadav, Nishant Singhal and himself that “Proud to…
Axio, which started as Capital Float is one of the leading fintech companies in India has recently completed a $20 million right issue. The experts are of the opinion that the existing investors such as Amazon participated in this round of funding as well. Axio raises a strategic interest of Amazon in the Indian fintech…
BharatPe, a major Indian fintech company, has reportedly invested $8 million to $9 million to increase its ownership stake in its non-banking financial company subsidiary Trillion Loans to 60%. This move shows BharatPe’s commitment to strengthening its position in financial services.BharatPe now holds a majority 60% stake in Trillion Loans, highlighting its growing influence in…
