Page 98 - Peerzada Abrar

SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive

That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March

Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz

The firm now aims for a US listing in 2023 instead of this year, say sources. This would be the biggest consumer tech IPO in India

Employee wellness platform Nova Benefits aims to cover 10 mn lives by 2025

It works with over 250 companies and covers employers with teams as compact as 10 employees.

AI-based content firm Instoried raises $200 mn from GEM, seeks to go public

Funding comes in under 6 months after Instoried announced Series A round; firm says this makes it the fastest-growing deep tech startup led by a woman founder

Bounce Infinity starts rolling out electric scooter; deliveries on Apr 18

Firm competes with electric two-wheeler makers such as SoftBank-backed Ola Electric, Ather Energy, Hero Electric, Bajaj's Chetak, TVS Motor Com­pany, and Boom Motors

Rebel Foods acquires controlling stakes in luxury chocolate brand SMOOR

"This investment gives us further confidence that we have been able to consistently choose outstanding brands," said Raghav Joshi, co-founder, Rebel Foods

25% of patients could have caught Covid-19 in all 3 waves: Practo Report

The report 'Understanding Covid-19: Comparing all three waves in India' analyses how Indians accessed healthcare during the three covid waves.

Food delivery apps Zomato, Swiggy hit by hour-long technical glitch

Downdetector, a platform that collects status reports from a series of sources, recorded 3,619 reports of outage against Zomato at 2:05 PM and 771 against Swiggy at 2:21 PM

Flipkart taps healthcare sector with brand new 'Flipkart Health+' app

The tech platform Flipkart enables access to genuine medicines and healthcare products, and services for millions of customers across the country.

Google-backed Dunzo launches instant grocery delivery service in Mumbai

In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022

Google Maps rolls out toll prices to help people plan their trips better

For those looking to explore alternative routes, Google Maps will continue to provide the option of a toll-free route, where available, alongside options with tolls.

Local language tech platform VerSe Innovation's valuation crosses $5 bn

The investment will be focused on strengthening the company's leadership position in the country. VerSe plans to both deepen and broaden its AI and ML (machine learning) and data science capabilities

Gupshup acquires Active.Ai to strengthen customer experience solutions

Active.Ai serves BFSI customers across 43 countries with conversational banking as a service platform that helps clients engage with millions of consumers every month

PhonePe plans to fill 2800 positions in 12 mths, to hire across functions

The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.

Meesho integrates grocery with core application; rebrands Farmiso

Meesho Superstore currently provides 500 products across categories like fresh fruits, vegetables, groceries, home care, and packaged food.

FRL making a mockery of Indian courts, says Amazon in SC submission

Accuses the Kishore Biyani-led retailer of making false statements before courts, including SC, about its $3.4 billion asset deal with Reliance Industries

Edtech unicorns go hybrid to tap India's $180 billion education sector

Innovations and strategies in the works to build offline presence

udaan takes on Amazon, Flipkart, JioMart to win Indian e-grocery market

Grocery needs supply chain of fulfillment centres or hubs in an area or region, and several small branches serviced from those centres; it is this challenge udaan is meeting

Multiples PE leads $111-mn funding round in Kogta Financial

Kogta focuses on the large and underserved used vehicle finance market and MSME loans

'Rapid digital adoption, more capital flow leading to tech talent crunch'

The findings were made by Scaler, which released annual 'Hiring Trends Report 2022', capturing the current hiring trends and demands of the Indian IT industry