Over 100 Indian startups fired more than 24,000 employees in 2023 Startup layoffs in 2023 in India: Over 100 Indian startups fired more than 24,000 employees in 2023. High-profile companies such as Byju s, ShareChat, Swiggy, and Unacademy, all valued at over $1 billion, were among those with the most significant job cuts, Times of India reported citing data from market research firm TheKredible.
Indian startups are hoping for a better year as the majority of them expect higher valuations from investors amid increased focus on profitability and sustainable operations, a recent report stated.
Indian startups are hoping for a better year as the majority of them expect higher valuations from investors amid increased focus on profitability and sustainable operations, a recent report stated.
Indian startups are hoping for a better year as the majority of them expect higher valuations from investors amid increased focus on profitability and sustainable operations, a recent report stated.
In a volatile year for the Indian startup ecosystem, more than 24,000 employees found themselves out of work as over 100 startups grappled with financial constraints and heightened investor demands for profitability. The wave of layoffs, as reported by market research firm TheKredible and covered in a report by The Times of India, underscores the challenges faced by startups across various industries.
Amid an impetus from boards and increasing regulatory scrutiny on governance, IPO-bound Indian startups are on a hunt for chief financial officers (CFO), to bring about sophistication in their finance functions with a focus on profitability and compliance, said investors, startup founders and executive search firms.
Startups scouting for CFOs amid IPO, profitability push – The Economic Times Read More »
Sunicon Ventures closes maiden fund, aims to invest in 20 startups Premium Saloni Jain, founding partner, Sunicon Early-stage venture capital firm Sunicon Ventures has marked the final close of its maiden fund even as it continues to deploy the corpus across technology startups in a variety of domains, a top executive told VCCircle.
Sunicon Ventures closes maiden fund, aims to invest in 20 startups – VC Circle Read More »
Leading startup incubator THub on Thursday announced the selection of 10 startups in partnership with the UK Government s UK India Emerging Tech Exchange Programme . The primary goal of this partnership is to use both nations capabilities in the disciplines of Artificial Intelligence (AI) and Semiconductors.
THub selects 10 startups to drive AI, semiconductor innovation in India – Zee Biz Read More »
Srilakshmi Unni of Selco Foundation, Madan Padaki of TiE Bangalore, Sangamitra Bhasina of Wadhwani Foundation, and the head of KDEM department Sri Venkatesh Patil trained the students More than 250 students from Koppal, Gadag, Vijayapura, Bagalkot and Belagavi districts participated in the workshop
VTU launches startups at boot camp on design thinking – The Times of India Read More »
Gen Z and millennials comprised more than half, or 52 per cent of the global population in 2021, according to a NASSCOM report. This was against a global average of 47 per cent. As the significantly high population enters the workforce amid a funding winter that triggered layoffs in the workforce, we take a look at industry expectations from policymakers for sectors that directly involve the newgen.
What will Budget 2024 hold for Gen Z – Republic World Read More »
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